Billionaires have raised over $22 million to defeat Democratic nominee Zohran Mamdani in the New York City mayor's race.
Despite strong opposition, New York State Assemblyman Zohran Mamdani remains a strong contender, ahead of 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,"
According to Forbes, Bill Ackman has spent around $1.75 million, while Ronald Lauder has contributed around $750,000 to support groups opposing Mamdani.
Author's summary: Billionaires spend millions to defeat Zohran Mamdani.