Schwarzman Holds Off Giving Money to DeSantis After Meeting Him

Steve Schwarzman will hold off donating money to Ron DeSantis for now, after a meeting with the expected presidential aspirant left him unconvinced of the Florida governor’s White House prospects.

Schwarzman, a Republican megadonor, went to Tallahassee in the last few weeks to visit the governor and assess his national standing, according to people briefed on the matter. The billionaire co-founder of Blackstone Inc. is currently withholding support for anyone within the GOP field, said the people.

The decision highlights the challenges DeSantis faces as big name donors grow increasingly concerned about whether he has the skills to supplant former ...