Schwarzman Plans to Back Trump, Scoring a Wall Street Win for GOP
- Schwarzman previously said he wanted new Republican leaders
- Blackstone founder is one of the largest donors to GOP groups
Blackstone Inc. Chief Executive Officer Steve Schwarzman says he will raise money for Donald Trump’s campaign, handing the presumptive Republican nominee a major win as he builds his donor base.
The billionaire private equity chief and heavyweight political donor has long been a major source of funding for Republicans, but he has kept mum for months over whether he will back Trump.