Blackstone CEO Stephen Schwarzman and former President Donald Trump (Getty Images)
President Biden has been heavily criticized by Republicans, including Trump, for not doing enough to combat antisemitism, particularly with his response to anti-Israel protests that have erupted on college campuses nationwide over the past few months.
Schwarzman, who co-founded the Blackstone private equity firm in 1985 and is worth an estimated $39 billion, came out against the idea of Trump running for president again when he said in 2022 that it was time for the GOP to look in a new direction.
"America does better when its leaders are rooted in today and tomorrow, not today and yesterday," Schwarzman 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."
VP HOPEFULS DUELING FOR DOLLARS AS THEY SHOW OFF THEIR FUNDRAISING CLOUT FOR TRUMP
Former President Donald Trump holds a rally in the historical Democratic district of the South Bronx on May 23, 2024 in New York City. (Spencer Platt/Getty Images)
Biden had regularly been outpacing Trump in monthly fundraising until April when he was topped by Trump for the first time this cycle.
Trump's April haul was boosted by a record-setting $50.5 million that the former president's campaign raked in at a single event early in the month with top dollar GOP donors that was hosted at the Palm Beach, Florida home of billionaire investor John Paulson.
Fox News Digital's Paul Steinhauser contributed to this report
Andrew Mark Miller is a reporter at Fox News. Find him on Twitter @andymarkmiller and email tips to AndrewMark.Miller@Fox.com.
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