Blackstone's Schwarzman says he won't back Trump in 2024

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Blackstone's Schwarzman says he won't back Trump in 2024
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A lack of support from former Trump backers could leave the former president on shaky ground as he seeks reelection in 2024

Blackstone Group CEO and Co-Founder Steve Schwarzman speaks at a Reuters Newsmaker event in New York, U.S., November 6, 2019. REUTERS/Gary He/File PhotoChief Executive Stephen Schwarzman, who has been one of Wall Street's biggest donors to Donald Trump's election campaigns, said on Wednesday he will not back the former president in 2024.in the 2024 U.S. presidential election on Tuesday, launching an early bid to become the Republican nominee in an effort to pre-empt potential rivals.

Schwarzman, 75, is a prominent Republican donor. He spent $35.5 million to support Republicans ahead of last week's midterm election. Republicans are still one seat short of capturing control of the U.S. House of Representatives and have failed to take over the U.S. Senate. Most of the candidates endorsed by Trump lost their races.

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