May 24 (Reuters) - Blackstone CEO Stephen

Schwarzman will support Donald Trump as the former president

looks to return to the White House, Axios reported on Friday.

Schwarzman, one of the biggest political donors on Wall

Street, plans to donate to Trump and various Republican Senate

candidates, the report said, citing a statement from the CEO.

Long viewed as a Trump ally, Schwarzman had said in 2022 he

would not back the former president, saying it was time for the

Republican party to turn to a new generation of leaders. He did

not back any candidate in the primaries.

But concerns about economic, immigration and foreign

policies under President Joe Biden, along with "the dramatic

rise of antisemitism" in the country, drove his decision to

endorse Trump, Schwarzman said in the statement, cited by the

report.

Blackstone did not immediately respond to a Reuters request

for comment.