Hedge fund billionaire Bill Ackman plans to fund the New York City mayoral campaign and believes his wealthy colleagues are ready to flood the election with money to defeat democratic socialism leader Zohran Mamdani.
Akman He said he was “very worried” because he believed the policy of the left-wing candidate would be disastrous, which would trigger the Exodus of the rich, which would endanger New York’s public services and thus its tax base.
“New York City under Mamdani will become more dangerous and economically unfeasible.” Posted Go to social media on Wednesday.
Arguing about him Your own support of President Trump Activist investors said he is openly appealing: Anyone who has the ability to cancel Mamdani in the Nov. 4 election should move forward and volunteer to volunteer.
“Funds will flow in”
“It is important that competitors can be offered to Mamdani’s competitors can be put together overnight (believe me, I’m text strings and WhatsApp groups), so a good alternative candidate doesn’t take any time,” he wrote.
“So if the right candidate will raise his or her hand tomorrow, funds will flow in.”
I woke up this morning and was very worried about New York City. I thought “New York City became a socialist who claimed to have refunded the police, their solution to lowering food prices was a city-owned supermarket, and he didn’t understand that freezing rent would only… – Bill Ackman (@billackman) June 26, 2025
Ackerman even claimed that Michael Bloomberg, former New York City mayor and billionaire founder of the same-name financial media company, will provide any aspiring candidate with his entire electoral agency to enable them to free up the campaign rather than organizing and raising funds.
It is unclear whether New Yorkers will respect such candidates. Elon Musk’s recent intervention in the Wisconsin Supreme Court election shows that the voting public is not always responding to billionaires, using their money to swing the game.
wealth Contacted with the Mamdani Sports for a response.
Taxation of the Rich Exodus
exist Political earthquakeThe charismatic outsider, 33, broke the state’s former governor Andrew Cuomo in the Democratic primary on Tuesday, after putting a laser-like focus on the daily cost-of-living crisis for New Yorkers.
Cuomo relies on name recognition and extensive political network Out of range His rivals nearly four times, the unknown state legislator pushed for rent freezes, subsidized city-owned supermarkets and free public transportation – all funded by local companies and taxes for the rich.
“If there are about 100 top taxpayers in my industry who choose to spend 183 days elsewhere, you can reduce New York State and city tax revenue by about $5-10 billion or more,” Ackman warned. “Think Ken Griffin leaving Chicago for Miami – in steroids.”
Mamdani, overcame his limited experience in government and Muslim faith, became an undisputed leader, overcame the attack with a convincing victory. Democratic socialists are currently a favorite of November’s opposition to unpopular incumbent Eric Adams and Guardian Angel founder Curtis Sliwa.
Chronic voter turnout may be a key advantage in mayoral campaign
New York mayoral campaign due to the city’s Long-term low turnout. For example, in 2017, Bill de Blasio and Only 14% of registered voters Come out and support him.
A large number of New Yorkers poured into the voting stand because they cared as much as Ackerman and could easily affect the results. If Cuomo can Keep enough fundraising activitiespolitical experts also pointed out that it is possible that he could run an independent like Adams, split the left vote and destroy the game.
However, Ackerman believes that all these factors will support the emergence of a middle candidate who wants to position himself on the national stage. He suggested that while Ackman seemed to show in earlier posts that he wouldn’t seek to run on his own, it might even be another businessman like Bloomberg.
“For aspiring politicians, there is no better way to get name recognition, build relationships with long-term donors and show themselves,” hedge fund manager wrote. “The risks/rewards of running for the mayor over the next 132 days are very compelling because the cost of time and energy is small and there is a lot of room for upward.”
