Billionaires have invested over $22 million in campaigns to defeat Democratic nominee Zohran Mamdani, a New York State Assemblyman running for New York City mayor.
Despite the strong opposition, Mamdani remains ahead in the race, surpassing 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 defeat Zohran Mamdani.