A substantial amount of $22 million has been raised to defeat Democratic nominee Zohran Mamdani in his bid for New York City mayor.
Despite this, New York State Assemblyman Zohran Mamdani remains a strong contender, ahead of Andrew Cuomo and Curtis Sliwa, amidst significant opposition from American elites.
Notable billionaires such as Michael Bloomberg, Bill Ackman, and Richard Kurtz are among those funding campaigns against Mamdani.
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.
According to Forbes, key contributions include $1.75 million from Bill Ackman, a billionaire hedge fund manager, and $750,000 from Ronald Lauder, heir to the Estée Lauder cosmetics fortune, to support groups opposing Mamdani.
Author's summary: Billionaires spend $22 million to defeat Zohran Mamdani.