• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Billionaire CEO Schwarzman changes course and backs Trump citing rising antisemitism as top concern
Economy

Billionaire CEO Schwarzman changes course and backs Trump citing rising antisemitism as top concern

by May 25, 2024
by May 25, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Blackstone CEO and co-founder Stephen Schwarzman revealed on Friday that he will be supporting former President Donald Trump in 2024 after previously distancing himself from Trump leading into the GOP primary.

‘I share the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction,’ Schwarzman told Fox News Digital in a statement that was first reported by Axios on Friday.

‘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.’

Schwarzman, who briefly served as chairman of Trump’s Strategic and Policy Forum, added that the ‘dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency.’

President Biden has been heavily criticized by Republicans, including Trump, for not doing enough to combat antisemitism, particularly with his response to anti-Israel protests that have erupted on college campuses nationwide over the past few months.

Schwarzman, who co-founded the Blackstone private equity firm in 1985 and is worth an estimated $39 billion, came out against the idea of Trump running for president again when he said in 2022 that it was time for the GOP to look in a new direction.

‘America does better when its leaders are rooted in today and tomorrow, not today and yesterday,’ Schwarzman said. ‘It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries.’

Fox News Digital reached out to the Trump and Biden campaigns for comment but did not receive a response.

Big money GOP donors have been coalescing around Trump in recent months as the former president attempts to close the cash on hand gap with the Biden campaign.

Biden had regularly been outpacing Trump in monthly fundraising until April when he was topped by Trump for the first time this cycle.

Trump’s April haul was boosted by a record-setting $50.5 million that the former president’s campaign raked in at a single event early in the month with top dollar GOP donors that was hosted at the Palm Beach, Florida home of billionaire investor John Paulson.

Fox News Digital’s Paul Steinhauser contributed to this report

This post appeared first on FOX NEWS
You Might Also Like
  • Dogecoin and Shiba Inu: Target and Prices for Thursday
  • Ethereum Consolidates for New Targets and Prices Wednesday
  • Hezbollah is the ‘X-factor’ in looming Israel, Iran war with ‘nation state capabilities’
  • 8 House Democrats join Republicans in voting to strike down California’s electric vehicle mandate
Share
0
FacebookTwitterPinterestWhatsapp

previous post
MEM TV: How to Trade Nvidia After Its 15% Gain
next post
2024 wild card: Could Trump criminal trial verdict rock White House race?

You may also like

Biden uses minor fire at his house to claim he...

August 22, 2023

Amid growing criticism of Biden foreign policy, experts credit wins...

February 6, 2024

Former Pennsylvania congressman, ‘King of Asphalt’ Bud Shuster dead at...

April 20, 2023

Iran ramps up production of highly enriched uranium, nearing weapons’...

December 27, 2023

AI requires ‘new generation’ of arms control deal to govern...

May 3, 2023

Chinese spy balloons over US during Trump admin ‘discovered after’...

February 6, 2023

GOP veteran-lawmakers drop scathing ‘stolen valor’ letter to Walz as...

August 22, 2024

Tyre Nichols death: Liberals blame racism for Memphis man’s brutal...

January 29, 2023

Obama ethics chief blasts Biden’s ‘inexcusable neglect of the most...

January 17, 2023

DHS refuses to release data on illegal immigrants’ cartel ties,...

September 20, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Confused by the Market? Let the Traffic Light Indicator Guide You

      May 9, 2025
    • Which Will Hit First: SPX 6100 or SPX 5100?

      May 9, 2025
    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,533)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Confused by the Market? Let the Traffic Light Indicator Guide...

      May 9, 2025
    • Which Will Hit First: SPX 6100 or SPX 5100?

      May 9, 2025
    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,533)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Ohio congressman slams ‘blame game’ after...

    February 16, 2023

    Biden slams critics who don’t think...

    January 27, 2023

    DeSantis takes shots at Trump says...

    May 27, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here