Despite $22 Million Opposition from 26 Billionaires, Democratic Socialist Zohran Mamdani Wins New York Mayoral Race

Nov 07, 2025 07:21 pm CST

Democratic socialist Zohran Mamdani has been elected New York's next mayor despite facing over $22 million in opposition funding from America's wealthiest individuals. Campaigning on progressive policies including free public transport and universal childcare, Mamdani overcame financial resistance from 26 billionaires including Michael Bloomberg and Bill Ackman, who have since extended offers of cooperation following his victory. Mamdani will take office in January 2026.