Efforts to Block Zohran Mamdani's Campaign
A significant amount of money, over $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, surpassing Andrew Cuomo and Curtis Sliwa in the race.
Opposition from American Billionaires
Mamdani's campaign has attracted opposition from several 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.
According to Forbes, Bill Ackman, a billionaire hedge fund manager, has spent approximately $1.75 million to support groups opposing Mamdani, while Ronald Lauder, heir to the Estée Lauder cosmetics fortune, has contributed around $750,000.
Author's summary: Billionaires spend $22 million to block Zohran Mamdani.