According to a recent report by Axios, Blackstone CEO Stephen Schwarzman is considering backing President Donald Trump in the upcoming 2020 election. This news comes as a surprise to many, as Schwarzman has historically been a major donor to the Republican party but has not publicly aligned himself with Trump.
Schwarzman, who is one of the wealthiest individuals in the world and the head of one of the largest private equity firms, has been a long-time supporter of conservative causes and candidates. He has donated millions of dollars to Republican candidates and causes over the years, and has been a key player in shaping economic policy under the Trump administration.
While Schwarzman has not publicly endorsed Trump in the past, he has reportedly been in regular contact with the president and his administration. According to Axios, Schwarzman has been advising Trump on economic matters and has been a key player in the administration’s efforts to overhaul the tax code and deregulate the financial industry.
Schwarzman’s potential endorsement of Trump in the 2020 election could have significant implications for the race. As one of the most prominent figures in the business world, Schwarzman’s support could help to rally other wealthy donors and business leaders behind Trump’s campaign. Additionally, Schwarzman’s endorsement could lend credibility to Trump’s economic policies and help to shore up support among conservative voters.
However, Schwarzman’s potential endorsement of Trump is not without controversy. The president’s handling of the COVID-19 pandemic and his divisive rhetoric have alienated many voters, and some within the Republican party have criticized Schwarzman for considering backing Trump. Additionally, Schwarzman’s close ties to the president could raise questions about conflicts of interest and his role in shaping economic policy.
It remains to be seen whether Schwarzman will ultimately endorse Trump in the 2020 election, but his potential support could have a significant impact on the race. As one of the most influential figures in the business world, Schwarzman’s endorsement could help to solidify Trump’s standing among conservative voters and could play a key role in shaping the outcome of the election.