Schwarzman’s Wallet Props Up Wall Street Elite’s Giving to Trump

Within industry’s top 31 firms, some worry about a backlash
Blackstone CEO has provided three-quarters of cash from group

Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group Inc., poses for a photograph ahead of a Bloomberg Television interview in London, U.K., on Monday, Oct. 7, 2019. U.S. politics is nearly as heated and polarized now as it was in the runup to the Civil War, according to Schwarzman. — Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group Inc., poses for a photograph ahead of a Bloomberg Television interview in London, U.K., on Monday, Oct. 7, 2019. U.S. politics is nearly as heated and polarized now as it was in the runup to the Civil War, according to Schwarzman.Photographer: Jason Alden/Bloomberg

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

By Shahien Nasiripour and Hema Parmar

August 6, 2020 at 7:30 AM EDT

This article is for subscribers only.

A few years ago, Stephen Schwarzman was just the latest deep pocket on Wall Street to open up to Donald Trump. Right now, he’s the biggest one left.

Donations to Trump’s 2020 campaign from the most elite corners of American finance would be down drastically compared with 2016 -- were it not for the notable exception of Schwarzman, who has become one of the president’s most ardent Wall Street backers.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

Up Next

Schwarzman’s Wallet Props Up Wall Street Elite’s Giving to Trump

Terms of ServiceTrademarks Privacy Policy©2023 Bloomberg L.P. All Rights Reserved.

Careers Made in NYC Advertise Ad Choices Help