US Billionaires Fund Campaign Against Zohran Mamdani
Billionaires have invested over $22 million to defeat Democratic nominee Zohran Mamdani in the New York City mayor race.
Despite strong opposition, New York State Assemblyman Zohran Mamdani remains a strong contender, ahead of Andrew Cuomo and Curtis Sliwa.
His campaign has drawn opposition from American billionaires, including Michael Bloomberg, Bill Ackman, and Richard Kurtz.
“Billionaires like Bill Ackman and Ronald Lauder have poured millions of dollars into this race because they say we pose an existential threat,” Mamdani told supporters. “I am here to admit something, they are right.”
- Bill Ackman, a billionaire hedge fund manager, has spent around $1.75 million to support groups opposing Mamdani.
- Ronald Lauder, heir to the Estée Lauder cosmetics fortune, has invested around $750,000.
Author's summary: Billionaires pour $22 million to defeat Zohran Mamdani.
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