Part of Zohran Mamdani’s campaign centers around the belief that billionaires shouldn’t exist. Now, those ultra-wealthy earners are aiming to stop the mayoral candidate, in part, by boosting the profile of former New York Governor Andrew Cuomo, Mamdani’s opponent for this cycle.
Part of Mamdani’s bid has been to tax the ultra-rich and wealthy corporations, which include an additional 2% tax on New Yorkers earning more than $1 million a year. Despite these multi-million dollar oppositions, Mamdani is maintaining a lead in the mayoral race.
Some of the groups opposing Mamdani include “Fix the City” (pro-Cuomo committee) and “Defend NYC” (a group made to oppose Mamdani). Fix the City has raised $7.3 million since the primary, Defend NYC has raised almost $2.5 million, according to Business Insider.
Now, roughly 26 billionaires and rich families from around the U.S. have spent at least six figures to support Cuomo, according to an analysis from Forbes. They estimate the total amount equates to over $22 million to back opposition campaigns, including from billionaires Bill Ackman and former New York City Mayor Michael Bloomberg.
Below are the billionaires who have donated over $100,000 with their net worths, per Forbes.
Fortune has reached out to Mamdani’s team for comment.
Donors opposing Mamdani
NameAmount DonatedGroup(s) SupportedNet WorthMichael Bloomberg$8.3 millionFix the City$110 billionJoseph Gebbia$3 millionFix the City · Defend NYC · Put NYC First$7.9 billionLauder family$2.6 millionFix the City · Sensible City$25.9 billionBill Ackman$1.75 millionFix the City · Defend NYC$9.2 billionTisch family$1.2 millionFix the City$10.1 billionJohn Hess & family$1 millionFix the City$2.4 billionDaniel Loeb$775,000Fix the City · Defend NYC · NYers for a Better Future$3.8 billionBarry Diller$500,000Fix the City$5.1 billionSteve Wynn$500,000Fix the City$3.9 billionMarcella Guarino Hymowitz$400,000Fix the City · Put NYC First$2 billionDavid Walentas$350,000Fix the City · Empower NYC$2.3 billionReed Hastings$250,000Fix the City$6.5 billionJohn Fish$250,000Fix the City$2.3 billionDavid Lichtenstein$250,000Fix the City · NYers for a Better Future$2 billionAlice Walton$200,000Fix the City$115 billionDeborah Simon$200,000Fix the City$11.6 billionJerry Speyer$150,000Fix the City$2.2 billionStephanie Coleman$150,000Fix the City$7.1 billion (family)Durst family$110,000Fix the City$8.1 billionFisher family$110,000Fix the City$1.6 billionDaniel Och$100,000Fix the City · Sensible City$4.2 billionKen Langone$100,000Fix the City$9.4 billionJames & Kathryn Murdoch$100,000Fix the City$23.4 billion (family)Bruce & Suzie Kovner$100,000Fix the City$9 billionRichard Kurtz$100,000Anyone But Mamdani$1 billionElghanayan family$100,000Fix the City$2.2 billion
