Billionaires Pour $40M Into Effort to Block Zohran Mamdanis Mayoral Bid

Billionaires are spending big to stop Zohran Mamdanis NYC mayoral bid

Super PACs that support Andrew Cuomo and oppose Zohran Mamdani for New York City mayor have raised over $40 million.

Bill Ackman, Ronald Lauder, William Lauder, Barry Diller and Dan Loeb have all made large donations, as well as several non-New Yorkers like Steve Wynn and Alice Walton.

Mamdani, a self-described Democratic socialist, is running on a platform that includes rent freezes and free buses, paid for in part by an additional 2% tax on New Yorkers who make more than $1 million a year.

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