Blackstone CEO and Republican megadonor Steve Schwarzman has no plans to fun former President Donald Trump's 2024 campaign for the White House
"American does better when its leaders are rooted in today and tomorrow, not today and yesterday", Schwarzmand said in a statement to CNBC on Wednesday, the morning after Trump launched his 2024 White House bid.
"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 said.
Schwarzman's statement was reported earlier by Axios. His decision to move his money away from Trump follows a CNBC report Tuesday that other big money Republican donors, including Citadel CEO Ken Griffin, would defect from Trump in his bid for the 2024 GOP nomination.
Scwarzman did not say which other potential candidates he would support instead of Trump. Republican Florida Gov. Ron DeSantis, among others, has not ruled out facing off against Trump in the presidential primary.
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