Sep 28, 2019 - Politics & Policy

Blackstone CEO Steve Schwarzman denies Trump claim about Bidens

Blackstone Group CEO Steve Schwarzman and President Trump

Blackstone CEO Steve Schwarzman (L) and President Trump (R). Photo: Chip Somodevilla/Getty Images

Trump adviser and Blackstone CEO Steve Schwarzman is disputing President Trump's claim, made during a private fundraiser, that they spoke about the Biden family, reports Bloomberg.

Why it matters: Trump's claims "could attract interest in light of the impeachment inquiry underway by House Democrats" — especially since it focuses on a conversation between Trump and Ukraine about investigating the Biden family, writes the Washington Post. Schwarzman has remained quiet about his conversations with Trump over the years.

What they're saying:

  • Trump and his personal lawyer Rudy Giuliani have been saying for months now that Hunter Biden allegedly received $1.5 billion for an investment fund from China, per the Post.
  • Schwarzman's spokesperson Jennifer Friedman says Schwarzman denies claims the conversation ever happened, and that he's never spoken about the Biden family with Trump.
  • Hunter Biden's lawyer, George Mesires, says his client didn't acquire any stake in a Chinese company until Oct. 2017, and it's valued at $430,000, per the Post.

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