"After failing to defeat the Democratic socialist state assemblyman's campaign during the June primary, several big-name billionaires have continued to pour money into outside groups aimed at stopping Mamdani and boosting his main rival, former Gov. Andrew Cuomo. Those groups include Fix the City, a pro-Cuomo group, along with Defend NYC and For Our City, which are both anti-Mamdani groups. Each committee has raised millions since the primary."
"Polling has shown Mamdani leading Cuomo, along with the Republican candidate, Curtis Sliwa. The incumbent mayor, Eric Adams, dropped his third-party bid in September and endorsed Cuomo on Thursday. Despite Mamdani's outreach to the business community, many of the city's business titans have remained supportive of Cuomo and spoken out against many of Mamdani's progressive policies. Here are the billionaires who've spent more than $100,000 in the mayoral race since the June primary."
Zohran Mamdani leads in New York City mayoral polls and faces substantial opposition funded by wealthy donors. He has said billionaires should not exist and proposed raising taxes by 2% for individuals earning over $1 million. Several big-name billionaires continued to pour millions into outside groups after the June primary, targeting Mamdani and boosting former Governor Andrew Cuomo. Pro-Cuomo and anti-Mamdani committees include Fix the City, Defend NYC, and For Our City, each raising millions. Incumbent Mayor Eric Adams dropped a third-party bid and endorsed Cuomo. Many city business leaders have criticized Mamdani's progressive policies.
Read at Business Insider
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