Blackstone CEO Schwarzman will back Trump, he confirms

Blackstone Chairman and CEO Stephen Schwarzman on Friday confirmed that he would support former President Donald Trump and would donate to both his campaign and those of certain Republican Senate candidates.

Blackstone, not to be confused with BlackRock, is a major asset manager controlling an estimated $1 trillion in assets.

"I share the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction," he told Axios. "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."

Previously a supporter of Trump, Schwarzman turned critical in the wake of the November 2020 election. He further indicated to Axios that "[t]he dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency."

Schwarzman controls access to a considerable donor network and his support could help Trump build on his growing fundraising momentum that saw him outraise President Joe Biden by a sizeable $25 million in April.

Trump and the RNC raised a combined $76 million last month, compared to Biden and the DNC's combined $51 million.

Ben Whedon is an editor and reporter for Just the News. Follow him on X, formerly Twitter.