Blackstone Group's Schwarzman Among Biggest June Midterm Donors
- Bold-faced names cut checks before critical November elections
- Hedge-fund manager S. Donald Sussman gave Democrats $3 million
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Mega donors including Blackstone Group LP’s Stephen Schwarzman flooded political committees with tens of millions of dollars in June ahead of November’s U.S. midterm elections.
The $5 million that Schwarzman, Blackstone’s billionaire chairman and chief executive officer, gave to the Senate Leadership Fund, a super political action committee that supports Republican candidates, was among the month’s largest contributions. The fund also received $1 million from Houston Texans NFL team owner Robert McNair. It reported raising $7.7 million in June, and had $19.5 million in the bank.