Efforts to Block Zohran Mamdani's Campaign
Billionaires have invested over $22 million in campaigns to defeat Democratic nominee Zohran Mamdani, a New York State Assemblyman running for New York City mayor.
Despite strong opposition, Mamdani remains ahead in the race. His campaign has attracted significant attention and funding from American billionaires, including Michael Bloomberg, Bill Ackman, and Richard Kurtz, who are working against him.
"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. "I am here to admit something, they are right."
- Bill Ackman, a billionaire hedge fund manager, has spent around $1.75 million to support groups opposing Mamdani.
- Ronald Lauder, heir to the Estée Lauder cosmetics fortune, has invested around $750,000 in the efforts to defeat Mamdani.
Author's summary: Billionaires spend $22 million to defeat Zohran Mamdani.
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