Donald Trump (L) and Steve Schwarzman (R).
Donald Trump and Steve Schwarzman.
  • Steve Schwarzman has endorsed Donald Trump's reelection bid.
  • It gives the former president backing from one of Wall Street's biggest figures.
  • Schwarzman cited concerns over antisemitism and the "direction" of the country.

The CEO of Blackstone, Steve Schwarzman, has said he will back Donald Trump's reelection bid, citing concerns over "the dramatic rise of antisemitism" and the "direction" of the country.

In a statement to Axios, Schwarzman said: "The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency."