NYC Mayoral Primary Upset: Billionaire Backlash Against Mamdani's Win. Democratic Socialist Zohran Mamdani's stunning primary victory over Andrew Cuomo sparks outrage among wealthy donors, who criticize voters' choices. Mamdani's win, despite low overall voter turnout, highlights a class divide in NYC politics
Zohran Mamdani's NYC Mayoral Victory: Democratic Socialist Celebrates with Supporters in Long Island City. Photo of State Rep. Mamdani (D-NY) addressing supporters on election night, June 24, 2025, at The Greats of Craft LIC, Queens. (Getty Images)
Billionaire John Catsimatidis slams Andrew Cuomo's failed mayoral bid, suggesting his low profile mimicked President Biden's strategy. Catsimatidis doubts a Cuomo third-party run, but predicts Mayor Eric Adams could win with Donald Trump's support to improve New York City's safety. This follows criticism from other wealthy donors after Democratic Socialist Zohran Mamdani's upset victory
Gristedes grocery chain owner John Catsimatidis threatens to leave New York City if mayoral candidate Zohran Mamdani wins. Mamdani's platform includes opening city-run grocery stores in all five boroughs, prompting this reaction from the billionaire businessman. This potential business exodus follows Mamdani's upset primary victory over Andrew Cuomo
Billionaire Bill Ackman Criticizes Mamdani's NYC Primary Win: Wealthy Donors React to Upset
Pershing Square's Bill Ackman, a major Cuomo donor and Trump supporter, slammed Zohran Mamdani's surprising victory in the NYC Democratic mayoral primary. Analyzing New York Times data, Ackman highlighted Mamdani's strong performance in high-income districts ($100,000+) while contrasting it with Cuomo's win in lower-income areas (under $50,000). He also criticized the low voter turnout, noting Mamdani's win with less than 10% of registered voters. This reaction reflects the broader concerns of wealthy donors following the unexpected upset
Billionaire Bill Ackman criticized Zohran Mamdani's NYC mayoral primary victory, highlighting the low voter turnout. He pointed out that Mamdani's win was secured by less than 10% of registered voters, tweeting, "If 9.1% of registered voters determine NYC's future, we deserve the city we get
Billionaire Dan Loeb slams NYC mayoral primary results: Hedge fund manager and Andrew Cuomo backer, Dan Loeb of Third Point, called Mamdani's win a "hot commie summer," and labeled Governor Hochul a "clueless, unqualified buffoon" for praising Mamdani's "formidable" campaign. This follows criticism from other wealthy donors after Democratic Socialist Zohran Mamdani's upset victory over Cuomo
Elon Musk reacted to a tweet supporting Zohran Mamdani's "defund the police" stance with a laughing emoji, implying skepticism about the statement's effectiveness. This follows criticism from billionaires like Bill Ackman and John Catsimatidis after Mamdani's surprising New York City mayoral primary victory
Record-Breaking $25 Million Super PAC Backed Cuomo's NYC Mayoral Bid. Billionaire Michael Bloomberg contributed $8.3 million to "Fix the City," the largest super PAC ever in NYC mayoral history. This massive fundraising effort highlights the significant financial influence in the recent election
Following his concession speech, Andrew Cuomo hinted at a potential independent run in the NYC mayoral general election. This comes as incumbent Mayor Eric Adams, also running as an independent, faces a challenge from Democratic Socialist Zohran Mamdani's surprising primary victory
Zohran Mamdani, a 33-year-old New York State Assemblyman, wins NYC Democratic Mayoral Primary in Upset Victory over Andrew Cuomo. Mamdani secured the most votes using ranked-choice voting, defeating former Governor Cuomo (36.4% of the vote) and Comptroller Brad Lander. His win signifies a major rebuke of the Democratic establishment, which largely supported Cuomo despite his past scandal, and comes amidst a period of significant Democratic Party challenges. The result is viewed as a rejection of the party's leadership following the 2024 presidential election and subsequent losses
Zohran Mamdani Wins NYC Democratic Mayoral Primary: Upset Victory Over Andrew Cuomo Sparks Billionaire Backlash. Mamdani's win, despite low voter turnout, has drawn criticism from wealthy donors who backed Cuomo
Source: Original Article