Billionaires are spending big to stop Zohran Mamdani's NYC mayoral bid
Published Thu, Oct 30 202512:26 PM EDTUpdated Thu, Oct 30 20251:25 PM EDT
Robert Frank CNBC October 31, 2025
Key Points
- 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.
Mamdani NYC mayor bid: Billionaires spend big to boost Cuomo
All except Walton are of Jewish descent and in the elite class that pushed to punish workers, jobseekers, students, college applicants, etc. who expressed opposition to the Gaza genocide. |
