Another Billionaire GOP Megadonor Dumps Trump

A second major Republican donor has publicly declared that he won't be backing Donald Trump's third presidential run, Travis Gettys reported for Raw Story.


Photo Insert: Schwarzman joins billionaire Ken Griffin, the founder of the Citadel hedge fund, who told Bloomberg on Tuesday that Trump is a "three-time loser" and instead endorsed Florida Gov. Ron DeSantis, who has not officially entered the race.



Stephen Schwarzman, the chairman, CEO and co-founder of private-equity firm Blackstone, also told Axios he won't support the former president's campaign for another run for the White House after being drubbed by President Joe Biden.


"America does better when its leaders are rooted in today and tomorrow, not today and yesterday," Schwarzman said. "It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries."



Schwarzman joins billionaire Ken Griffin, the founder of the Citadel hedge fund, who told Bloomberg on Tuesday that Trump is a "three-time loser" and instead endorsed Florida Gov. Ron DeSantis, who has not officially entered the race.


Trump has plenty of campaign cash, but Axios noted that Schwarzman and Griffin could give cover for other Republicans to back away Trump, who announced his third campaign Tuesday night at Mar-a-Lago without his two eldest children, the Agence France-Presse (AFP) also reported.



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