A significant amount of $22 million has been raised to defeat Democratic nominee Zohran Mamdani, with 26 billionaires contributing to his opponent's campaign.
New York State Assemblyman Zohran Mamdani remains a strong contender in the New York City mayoral race, despite facing opposition from American elites.
"Billionaires like Bill Ackman and Ronald Lauder have poured millions of dollars into this race because they say we pose an existential threat," Mamdani told supporters. "I am here to admit something, they are right."
According to Forbes, notable contributions include $1.75 million from Bill Ackman and $750,000 from Ronald Lauder to support groups opposing Mamdani.
Author's summary: Billionaires spend $22 million to defeat Zohran Mamdani.