Connect with us

Hi, what are you looking for?

Economy

Billionaire CEO Schwarzman changes course and backs Trump citing rising antisemitism as top concern

Blackstone CEO and co-founder Stephen Schwarzman revealed on Friday that he will be supporting former President Donald Trump in 2024 after previously distancing himself from Trump leading into the GOP primary.

‘I share the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction,’ Schwarzman told Fox News Digital in a statement that was first reported by Axios on Friday.

‘For these reasons, I am planning to vote for change and support Donald Trump for President. In addition, I will be supporting Republican Senate candidates and other Republicans up and down the ticket.’

Schwarzman, who briefly served as chairman of Trump’s Strategic and Policy Forum, added that the ‘dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency.’

President Biden has been heavily criticized by Republicans, including Trump, for not doing enough to combat antisemitism, particularly with his response to anti-Israel protests that have erupted on college campuses nationwide over the past few months.

Schwarzman, who co-founded the Blackstone private equity firm in 1985 and is worth an estimated $39 billion, came out against the idea of Trump running for president again when he said in 2022 that it was time for the GOP to look in a new direction.

‘America does better when its leaders are rooted in today and tomorrow, not today and yesterday,’ Schwarzman said. ‘It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries.’

Fox News Digital reached out to the Trump and Biden campaigns for comment but did not receive a response.

Big money GOP donors have been coalescing around Trump in recent months as the former president attempts to close the cash on hand gap with the Biden campaign.

Biden had regularly been outpacing Trump in monthly fundraising until April when he was topped by Trump for the first time this cycle.

Trump’s April haul was boosted by a record-setting $50.5 million that the former president’s campaign raked in at a single event early in the month with top dollar GOP donors that was hosted at the Palm Beach, Florida home of billionaire investor John Paulson.

Fox News Digital’s Paul Steinhauser contributed to this report

This post appeared first on FOX NEWS
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Stock

Boeing’s spaceflight program may reach a significant milestone Monday night with the launch of its Starliner spacecraft, carrying — at long last — two...

Investing

Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with...

Top News

It appears increasingly possible that Donald Trump could face actual jail time before we ever get a verdict in any of his four criminal...

Stock

A 17-year-old boy handed himself in to police after admitting that he attacked a German politician on Friday. Police say that Matthias Ecke, the...

Disclaimer: InvestorsOnRetire.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 InvestorsOnRetire. All Rights Reserved.