Blackstone CEO Steve Schwarzman has seen his bet on Donald Trump pay off as the former US President’s ally continues to hold significant influence in business and tax policies. In May, Schwarzman, who had previously distanced himself from Trump, publicly endorsed him, signaling a shift in his stance. This move has positioned Schwarzman well to shape future business and tax decisions, potentially benefiting Blackstone’s interests.
Source: https://www.bloomberg.com/news/articles/2024-11-11/blackstone-ceo-trump-bet-pays-off-as-his-no-2-plays-powerful-hedge