Billionaires have invested over $22 million to defeat Democratic nominee Zohran Mamdani in the New York City mayoral race.
Despite strong opposition, New York State Assemblyman Zohran Mamdani remains a leading candidate, ahead of Andrew Cuomo and Curtis Sliwa.
“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.”
According to Forbes, notable contributions include Bill Ackman's $1.75 million and Ronald Lauder's $750,000 to support groups opposing Mamdani.
Author's summary: Billionaires spend $22 million to block Zohran Mamdani.