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

Efforts to Block Zohran Mamdani's Campaign

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, surpassing 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. I am here to admit something, they are right.

Key contributors to the opposition include Michael Bloomberg, Bill Ackman, and Richard Kurtz. According to Forbes, Bill Ackman has spent around $1.75 million, while Ronald Lauder has contributed approximately $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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