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Home Business

Blackstone CEO to back Trump, cites economic concerns, rise of antisemitism

INBV News by INBV News
May 25, 2024
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Blackstone CEO to back Trump, cites economic concerns, rise of antisemitism
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Blackstone CEO Stephen Schwarzman confirmed Friday he’ll support Donald Trump in his White House rematch with President Biden.

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As The Post first reported on Sunday, Schwarzman, certainly one of the largest political donors on Wall Street, was seriously considering backing Trump as antisemitism spreads across the country, especially on college campuses.

Blackstone CEO Stephen Schwarzman and Donald Trump in 2017.Stephen Schwarzman, certainly one of the largest political donors on Wall Street, plans to donate to Donald Trump. Schwarzman and Trump in 2017, above. AP

Schwarzman and wife Christine at the Met Gala earlier this month.Schwarzman and wife Christine on the Met Gala earlier this month. Getty Images

The Blackstone boss said Friday that concerns about economic, immigration and foreign policies under Biden, together with “the dramatic rise of antisemitism” within the country, drove his decision to endorse Trump, in accordance with a statement issued to Axios.

Long viewed as a Trump ally, Schwarzman had said in 2022 he wouldn’t back the previous president, saying it was time for the Republican Party to show to a recent generation of leaders.

He didn’t back any candidate within the primaries.

Blackstone didn’t immediately reply to a request for comment.

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Tags: antiSemitismBlackstoneCEOcitesConcernsEconomicriseTrump
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