Blackstone CEO Stephen Schwarzman Endorses Trump, Will Raise Money for 2024 Election

May 24, 2024, 08:07 PM

Blackstone’s billionaire CEO Stephen Schwarzman has announced his endorsement of Donald Trump for the 2024 Presidential election, reversing his previous stance from 2022 when he stated he would oppose Trump. Schwarzman, who is also the chairman and co-founder of the private equity and real estate giant, cited the rise in antisemitism as a factor in his decision. He plans to provide financial support and raise money for Trump and various Republican Senate candidates, viewing his endorsement as a 'vote for change.' Schwarzman’s backing is considered a significant boost to Trump’s campaign as he builds his donor base. The announcement was made in an interview with Axios.