The Billionaires Who Failed to Stop Zohran Mamdani, and How Much They Spent:
Over 20 billionaires donated to super PACs supporting Cuomo or in opposition to the ...
time.com/7331119/zohran-mamdani-billionaires-ackman-bloomberg/
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Billionaires Spend Millions to Defeat MamdaniMore than 20 billionaires funneled millions into super PACs opposing Zohran Mamdani in the 2025 NYC mayoral race.
- Zohran Mamdani won the New York City mayoral election despite substantial financial opposition from over 20 billionaires.
- At 34, Mamdani campaigns on rent freezes, free public transit, and universal childcare funded by tax hikes on millionaires.
- Prominent donors like Michael Bloomberg and Bill Ackman poured millions into super PACs supporting Cuomo and opposing Mamdani.
- Mamdani acknowledged that billionaire spending posed an existential threat to their control over New York's democracy.
Billionaires like Bill Ackman and Ronald Lauder have poured millions of dollars into this race because they say that we pose an existential threat.— Zohran Mamdani at an Oct. 13 rally.
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American politician, member of the New York State Assembly (2021–2025) and New York City Mayor-elect (born 1991)
ranking of the world's 500 richest people
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