$22 million raised to block Zohran Mamdani - Meet 26 billionaires bankrolling his defeat - US News | The Financial Express

Opposition to Zohran Mamdani's Mayoral Campaign

A total of $22 million has been raised to block Zohran Mamdani's mayoral campaign, with 26 billionaires contributing to his defeat.

Despite the strong opposition, New York State Assemblyman Zohran Mamdani remains a leading candidate in the race for New York City mayor.

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.

Notable billionaires opposing Mamdani include Michael Bloomberg, Bill Ackman, and Richard Kurtz. According to Forbes, Ackman has spent around $1.75 million, while Ronald Lauder has contributed around $750,000.

Author's summary: Billionaires spend $22 million to defeat Zohran Mamdani.

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The Financial Express The Financial Express — 2025-10-27

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