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Steve Schwarzman’s early endorsement of Donald Trump is proving to be a canny wager, whose name has even been for US Treasury secretary.
The Blackstone chief’s pledge in May to vote for change and root for Trump marked a turning point for Schwarzman, who had previously distanced himself from the former president.
It also set him apart from high-profile business chiefs, including Warren Buffett and Jamie Dimon, who remained publicly neutral as Kamala Harris went up against one of the most divisive presidents in US history.
Now that Trump has pulled off a decisive comeback, Schwarzman’s latest shift gives him a powerful voice in the new administration.
Schwarzman has fielded calls from Howard Lutnick, the billionaire chief executive officer of Cantor Fitzgerald and co-chair of Trump’s transition team, who’s seeking recommendations for roles in the administration.