Billionaire Blackstone CEO Reverses, Will Back Trump

Bloomberg News reports:

Blackstone Inc. Chief Executive Officer Steve Schwarzman says he will raise money for Donald Trump’s campaign, handing the presumptive Republican nominee a major win as he builds his donor base. The billionaire private equity chief and heavyweight political donor has long been a major source of funding for Republicans, but he has kept mum for months over whether he will back Trump.

“The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency,” Schwarzman said in a statement Friday. “I share the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction. For these reasons, I am planning to vote for change and support Donald Trump for President.”

Read the full article. Despite being a longtime GOP megadonor, Schwarzman is a boogeyman for the far-right because he’s supposedly part of the Jewish-run international world order. Blackstone is infamous for its leveraged buyouts and holds a stake in countless major companies.

🚨 SCOOP: Blackstone’s billionaire CEO Steve Schwarzman is endorsing Trump — changing his mind after saying in 2022 that he’d oppose him in 2024. https://t.co/H1rrb65zMl

— Axios (@axios) May 24, 2024