Brief by Shorts91 Newsdesk / 02:03pm on 07 Nov 2025,Friday India Global
Democrat socialist Zohran Mamdani won New York City's mayoral election despite 26 billionaires spending over $22 million against him. His progressive platform includes city-run grocery outlets, free public transport, and universal childcare. Michael Bloomberg led opposition with $8.3 million supporting opponent Andrew Cuomo, while Bill Ackman donated $1.75 million and William Lauder contributed $2.6 million. Other notable donors included Netflix co-founder Reed Hastings, casino magnate Steve Wynn, and oil baron John Hess. Sixteen billionaire donors are NYC residents. Following Mamdani's victory, critics like Ackman and JPMorgan CEO Jamie Dimon, who called Mamdani "more Marxist than socialist," extended support offers. Mamdani takes office January 1, 2026. (PC: New York Times)
