A GOP mega-donor said that he would no longer support former President Trump after his announcement of a third presidential bid on Tuesday night.
Stephen Schwarzman, the CEO and co-founder of the investment firm Blackstone, told Axios in a statement that the Republican Party should nominate someone else in 2024 who will represent a new generation of leaders.
“America does better when its leaders are rooted in today and tomorrow, not today and yesterday,” he 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,” he continued.
Schwarzman had been closely engaged with Trump on trade issues and had considerable influence in the Trump administration, Axios’s Jonathan Swan reported.