Friday, July 11, 2025

Billionaires mobilize in attempt to crush Mamdani’s mayoral bid: WSJ

from al Mayadeen English

New York’s financial and political elite are scrambling to halt the momentum of Zohran Mamdani, the democratic socialist who stunned the establishment by winning the Democratic primary for mayor. According to The Wall Street Journal, Wall Street donors, real estate magnates, and political veterans are pooling millions into independent expenditure groups designed to stop Mamdani's advance ahead of the general election.

A newly registered super PAC, New Yorkers for a Better Future Mayor 25, has already secured at least $20 million to fuel a multi-platform anti-Mamdani campaign. Backed by major figures including hedge fund manager Bill Ackman and former Mayor Rudy Giuliani, the effort marks the clearest sign yet of panic among New York’s donor class. 

“How do we stop this guy?” asked former NYPD officer and conservative commentator Bo Dietl, who is working with Giuliani to raise another $10 million. Giuliani has not made any public comment... 

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