Like many other Wall Street CEOs, Blackstone Group CEO Steve Schwarzman distanced himself from Donald Trump after his 2020 election loss to Joe Biden and the hyper-politicized events of Jan. 6, 2021. (Note: Do not confuse Blackstone with Blackrock, another behemoth investment company known for their dubious reverence of ESG.)
But now Schwarzman’s had a change of heart after watching Biden’s policies wreak havoc on America, and he’s putting his considerable weight behind none other than the former president.
The rising antisemitism in this country—and Biden’s unwillingness to take a strong stand against it—played a big role in his decision.
Blackstone Group CEO Steve Schwarzman announced on Friday that he will back Donald Trump in the 2024 election, giving the former president the support of one of the biggest names on Wall Street.
Schwarzman, the billionaire co-founder and chair of the world’s largest private equity firm and a GOP megadonor, said in a statement that the “dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency.”
It’s not only the virulent antisemitism we’ve been witnessing under Biden’s watch that has Schwarzman concerned—he also notes that many of the president’s other policies have been equally disastrous. The Wall Street titan slammed almost every major pillar of Biden’s agenda, saying he shares “the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction.”