Blackstone CEO and GOP megadonor Steve Schwarzman says he won't help Trump during 2024 primary

Blackstone CEO and Republican megadonor Steve Schwarzman has nary plans to money erstwhile President Donald Trump's 2024 run for the White House — astatine slightest not successful the GOP primary.

 "America does amended erstwhile its leaders are rooted successful contiguous and tomorrow, not contiguous and yesterday," Schwarzman said successful a connection to CNBC connected Wednesday. "It is clip for the Republican enactment to crook to a caller procreation of leaders and I mean to enactment 1 of them successful the statesmanlike primaries."

Schwarzman's connection was reported earlier by Axios. His determination to determination his wealth distant from Trump follows a CNBC study Tuesday that different big-money Republican donors, including Citadel CEO Ken Griffin, would defect from Trump successful his bid for the 2024 GOP nomination.

Schwarzman did not accidental which different imaginable candidates helium would enactment alternatively of Trump. Republican Florida Gov. Ron DeSantis, among others, has not ruled retired facing disconnected against Trump successful a GOP primary.

The moves travel arsenic immoderate Republicans privately presumption Trump arsenic toxic to the party's fortunes. In past week's midterm elections, astir each of the candidates the erstwhile president latched onto successful swing-state races for governor, caput of authorities and U.S. Senate — including salient deniers of the information that President Joe Biden won the 2020 predetermination — lost.

Schwarzman, erstwhile 1 of Trump's astir salient backers connected Wall Street, criticized the erstwhile president aft a mob of his supporters stormed the U.S. Capitol connected Jan. 6, 2021.

"The insurrection that followed the President's remarks contiguous is appalling and an affront to the antiauthoritarian values we clasp beloved arsenic Americans," Schwarzman said successful a connection astatine the time. "I americium shocked and horrified by this mob's effort to undermine our Constitution. As I said successful November, the result of the predetermination is precise wide and determination indispensable beryllium a peaceful modulation of power."

Schwarzman archetypal allied himself with Trump precocious successful the 2016 statesmanlike election. But anterior to his determination to enactment Trump's archetypal palmy tally for president, helium contributed $100,000 to Right to Rise, a ace PAC that backed erstwhile Florida Gov. Jeb Bush, according to OpenSecrets.

Bush ended up losing to Trump successful the primary. Schwarzman aboriginal backed the New York businessman arsenic helium defeated Hillary Clinton successful the 2016 wide election.

Since Trump's archetypal tally for president, Schwarzman has go 1 the Republican Party's biggest donors. During the 2020 statesmanlike election, helium donated $3 cardinal to America First Action, a ace PAC that backed Trump's candidacy, according to OpenSecrets.

Schwarzman and his woman combined to springiness implicit $35 cardinal toward their preferred candidates that cycle, with the immense bulk of their donations going toward Republicans.

Schwarzman was among the apical 10 donors during the 2022 midterm elections, which look apt to pb to a constrictive Republican bulk successful the House. Democrats managed to support power of the Senate.

Schwarzman unsocial gave conscionable northbound of $35 cardinal this rhythm to Republicans moving for legislature seats.

— CNBC's Kayla Tausche contributed to this report