May 28, 2024 3 min read


Blackstone CEO Steve Schwarzman Confirms Support for Trump

The boss of the globally recognizable investment management company confirmed his support for Donald Trump in light of the upcoming US presidential election

Ahead of the US presidential election, Donald Trump, the famous billionaire and former President, received support from a fellow billionaire and chief executive of Blackstone Group, Stephen Schwarzman. The CEO, chairman and co-founder of Blackstone, the world’s largest alternative asset investment management company based in New York City, reaffirmed its support for Trump in an effort to “vote for change,” as announced by Axios.

Blackstone is recognized as a major holder within the gambling sector. The company is the owner of one of the largest gambling operators in Australia, Crown Resorts. Additionally, Blackstone holds ownership in a number of recognizable hotel and casino resorts on the Las Vegas Strip.

Schwarzman supported Trump’s presidential efforts in both 2016 and 2020. The Republican didn’t like how the former president failed to admit his defeat to President Joe Biden in the past election. As a result, Schwarzman previously urged for a “new generation” of Republican leaders, after witnessing the Storming of the United States Capitol which dated back to January 6, 2021.

At the time of the attack, thousands of Trump supporters, who disagreed with the 2020 presidential results, protested in Washington DC. It wasn’t long before tension rose, and the protests of Trump’s supporters turned into riots which ultimately resulted in the attack of the United States Capitol. Besides damage to the historic building, the attack has taken the lives of four rioters and one police officer while more than 80 rioters were detained.

The Support for Trump Comes a Time of a Dramatic Rise of Antisemitism

Despite the temporary falling out, Blackstone’s co-founder now backed Trump amid concerns for an ongoing rise in antisemitism. “The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency,” explained Schwarzman.

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.

Stephen Schwarzman, CEO, chairman and co-founder of Blackstone Group

He spoke about the concerns he shares with a lot of Americans about the country’s policies related to immigration and foreign affairs. Schwarzman added that he feels America isn’t going in the right direction which is why he announced his support for Donald Trump as the country’s new President.

Besides support for Trump, the billionaire confirmed he will back “Republican Senate candidates and other Republicans up and down the ticket.”

The support for Trump comes after his win in the 2024 Republican primary. Still, the former President has gathered $48 million for his campaign which is still far from Biden’s estimated $84.5 million as of April.


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