GOP Megadonors, Both Trump Allies, Announce They Will Not Support His 2024 Presidential Campaign

Former US President Donald Trump speaks at the Mar-a-Lago Club in Palm Beach, Florida, on November 15, 2022. - Donald Trump pulled the trigger on a third White House run on November 15, setting the stage for a bruising Republican nomination battle after a poor midterm election showing by his hand-picked candidates weakened his grip on the party. Trump filed his official candidacy papers with the US election authority moments before he was due to publicly announce his candidacy. (Photo by ALON SKUY / AFP) (Photo by ALON SKUY/AFP via Getty Images)

At a glance

  • Stephen Schwarzman, a billionaire investor, said in a statement early on Wednesday that he would not support Trump.
  • “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.”

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