Steve Schwarzman, the billionaire CEO of private equity giant Blackstone, said Friday he will support former President Donald Trump in November’s presidential election—a reversal after the onetime Trump mega-donor and world’s 38th-richest person pushed the GOP to nominate another candidate.
Steve Schwarzman expressed displeasure with the current “economic, immigration and foreign policies” ... [+]
Schwarzman said in a statement to Axios and Bloomberg the current “economic, immigration and foreign policies are taking the country in the wrong direction” and for those reasons, he is “planning to vote for change and support Donald Trump for President.”
Schwarzman also said “the dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency.”
In November 2022, Schwarzman—who donated to a pro-Trump super PAC in 2020, but not in 2016—said he was going to support a Republican presidential candidate who is part of a “new generation of leaders.”
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Casino moguls Steve Wynn and Phil Ruffin, Energy Transfer pipeline company co-founder Kelcy Warren, Los Angeles real estate billionaire Geoffrey Palmer, TD Ameritrade founder J. Joe Ricketts, former Marvel Entertainment CEO Ike Perlmutter and hedge fund founder John Paulson have all donated more than $800,000 to Trump 47, the former president’s joint fundraising channel with the Republican National Committee.
We estimate Schwarzman to have a net worth of about $38.3 billion, making him the 38th wealthiest person in the world as of Friday.