"Apparently the public is not that interested in really older people," Schwarzman said in a Bloomberg Television interview on Tuesday in Paris, citing polls that show a majority of voters didn't want Joe Biden to run for reelection because of his age. "When you have that kind of situation, usually something else happens."

In the 2016 race, few had expected Donald Trump would become the president as there were others who were leading in the contest prior to him, he said in the interview on the sidelines of the International Private Equity Market conference.

Schwarzman, 76, is among mega Republican donors seeking an alternative to Trump for the elections next year and hedging their bets as most candidates trail the former president in polls. The co-founder of the PE firm has donated to South Carolina Senator Tim Scott while temporarily holding off contributions to Florida Governor Ron DeSantis, Bloomberg News has reported.