Zeteo | Top Susan Collins Donor Rakes in Millions From Maine Workers by Andrew Perez
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Stephen Schwarzman, the billionaire CEO of Blackstone, has become the top individual donor to Republican Senator Susan Collins’s re‑election effort, giving $2 million to her primary super‑PAC, Pine Tree Results, and an additional $5 million to the GOP‑aligned Senate Leadership Fund that will spend heavily to keep Collins in office. Blackstone manages roughly $480 million of Maine’s public‑employee retirement assets and, over the past 15 years, has collected about $49 million in fees from those investments—figures that likely understate the true cost because they omit typical profit‑sharing charges. This financial relationship highlights how the firm profits from Maine’s workers while its founder financially backs political campaigns aimed at preserving Republican control of the Senate.
Read more: https://zeteo.com/p/susan-collins-donor-schwarzman-blackstone-maine-workers
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