The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency, Mr. Schwarzman, who is Jewish, said in a statement on Friday.
He also said that he was backing Mr. Trump because he believed our economic, immigration, and foreign policies are taking the country in the wrong direction.
Mr. Schwarzman, a lifelong Republican and megadonor to the party, had stuck by Mr. Trump after his defeat in 2020 and the Jan. 6, 2021 attack on the Capitol, but turned away from him after many of the candidates Mr. Trump had handpicked lost their midterm races in 2022.
He has donated tens of millions of dollars to Republican political committees in recent election cycles, including those used by Mr. Trump in the 2020 election.
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