Blackstone CEO and co-founder Stephen Schwarzman on Friday publicly endorsed former President Donald Trump for president, citing concerns about rising antisemitism and President Joe Biden’s policies.

“The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency,” he said in a statement to Axios.

“I share the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction. For these reasons, I am planning to vote for change and support Donald Trump for President. In addition, I will be supporting Republican Senate candidates and other Republicans up and down the ticket.”

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