A significant amount of $22 million has been raised to defeat Democratic nominee Zohran Mamdani, with 26 billionaires contributing to his opposition.
Despite this, New York State Assemblyman Zohran Mamdani remains a strong contender in the New York City mayoral race, outpacing 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 at an October 13 rally. “I am here to admit something, they are right.”
Notable contributions include Bill Ackman's $1.75 million and Ronald Lauder's $750,000 to support groups opposing Mamdani.
Author's summary: Billionaires fund opposition to Zohran Mamdani's campaign.