Blackstone Group Inc Chief Executive Stephen Schwarzman, one of Wall Street’s biggest donors to President Donald Trump’s re-election campaign, said on Monday that the election outcome was now certain and that the United States should move on.
Schwarzman’s comments, first reported by Axios, came as Trump is locked in legal disputes in several battleground states seeking to overturn Democratic challenger Joe Biden’s win in the Nov. 3 U.S. presidential election. Trump has also resisted preparations transfer the reins of government to a new administration ahead of Biden’s inauguration on Jan. 20.
“I supported President Trump and the strong economic path he built. Like many in the business community, I am ready to help President-elect Biden and his team as they confront the significant challenges of rebuilding our post-COVID economy,” Schwarzman said in a statement on Monday.
The Trump campaign did not immediately respond to a request for comment.
Schwarzman, who leads a private equity firm with $584 billion in assets under management, had defended Trump’s right to challenge the election result during a conference call of U.S. business leaders on Nov. 6. Since then, Trump’s campaign and his allies have yet to score a legal win that could reverse the outcome of the election, despite alleging extensive voter fraud and irregularities without hard evidence.
Schwarzman’s comments add to a growing chorus of Trump supporters and lawmakers in the Republican Party calling on him to begin facilitating a transition of power. Top Republican lawmakers, however, have so far resisted recognizing Biden as the next president.
“I’m a fan of good process,” Schwarzman said. “In my comments three days after the election, I was trying to be a voice of reason and express why it’s in the national interest to have all Americans believe the election is being resolved correctly.”
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