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Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

Fortune•Tuesday, October 28, 2025 at 6:40:03 PM
NegativeFinancial Markets
Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman
In a surprising turn of events, 26 billionaires and wealthy families are pouring over six figures into efforts to prevent Zohran Mamdani from becoming New York's next mayor, backing independent candidate Andrew Cuomo instead. This financial backing highlights the influence of money in politics and raises questions about the democratic process, as it seems that the voices of the wealthy are overshadowing those of the average voter. The implications of such spending could significantly shape the political landscape in New York, making it crucial for citizens to stay informed and engaged.
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