Blackstone and other housing giants crashed hard on Wednesday after Trump threw down the gauntlet on institutional investors.Shares of Blackstone Inc. and other housing-related companies cratered after President Donald Trump announced he would crack down on such companies from snatching up single-fa...
  • tal@lemmy.todayEnglish
    8·
    8 days ago

    Blackstone’s CEO has been involved with Trump, interestingly. Posted it in another comment on the matter, as I was a little surprised, as I thought I’d remembered something about them being associated.

    https://en.wikipedia.org/wiki/Stephen_A._Schwarzman

    Stephen Allen Schwarzman (born February 14, 1947) is an American businessman. He is the chairman and CEO of the private equity firm Blackstone Inc., which he established in 1985 with Peter G. Peterson. Schwarzman was chairman of President Donald Trump’s Strategic and Policy Forum.[1]

    In October 2025, Schwarzman was named by the White House as a donor to the construction of the White House State Ballroom, a proposed 90,000-square-foot expansion of the East Wing.[52]

    In November 2025, Schwartzman attended a red carpet dinner at the White House for Saudi Crown Prince Mohammed bin Salman. Bin Salman, invited by President Donald Trump, was making his first visit to the United States since the 2018 killing of Jamal Khashoggi, which U.S. intelligence implicated bin Salman in.[53]