Efforts to Block Zohran Mamdani's Candidacy
A substantial amount of $22 million has been raised to oppose Zohran Mamdani, the Democratic nominee.
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.
Opposition from Billionaires
Mamdani's campaign has attracted opposition from prominent American billionaires, including Michael Bloomberg, Bill Ackman, and Richard Kurtz.
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.
According to Forbes, Bill Ackman, a billionaire hedge fund manager, has spent approximately $1.75 million to support groups opposing Mamdani, while Ronald Lauder, heir to the Estée Lauder cosmetics fortune, has contributed around $750,000.
Author's summary: Billionaires spend $22 million to defeat Zohran Mamdani.
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