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After Capitol Riots, Billionaire’s ‘Scholars’ Confront Their Benefactor More than 160 participants in a master’s program funded by the Blackstone founder Stephen Schwarzman have urged him to stop donating to election objectors. He has declined. Stephen A. Schwarzman, above, at the 2016 opening ceremony for his namesake program at Tsinghua University in Beijing, left. Some participants sent a letter to him saying he was harming the program’s reputation.Credit.Getty Images Feb. 18, 2021 The private equity billionaire Stephen A. Schwarzman has spent many years financing educational programs, from his old high school to the Ivy League. But the Blackstone chief executive’s largess hasn’t always bought good will: There was swift opposition to his proposal to put his name on Abington Senior High School in Pennsylvania, and his close ties to former President Donald J. Trump contributed to opposition to having his name on a campus center he funded at Yale.

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