US Billionaires Spend Millions to Block Zohran Mamdani
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 strong opposition, Mamdani remains a strong contender, ahead of Andrew Cuomo and Curtis Sliwa. His campaign has attracted opposition from notable 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. 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 spend $22 million to defeat Zohran Mamdani.
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