Billionaire Bill Ackman has committed to supporting a challenger against New York mayoral candidate Zohran Mamdani with hundreds of millions of dollars. Mamdani, a Democratic socialist, recently won the Democratic primary against Andrew Cuomo, causing significant shockwaves. Ackman expressed his fears about Mamdani's governance, emphasizing potential negative impacts on public safety and economic viability. He remarked that Mamdani’s rhetoric could fuel hate speech and violence, and he openly criticized the implications for New York City's future under Mamdani's leadership. Ackman is mobilizing significant financial resources to back a competitive candidate the 33-year-old Mamdani will face in the general election.
Billionaire Bill Ackman has pledged hundreds of millions to support a viable challenger to New York mayoral candidate Zohran Mamdani, underscoring his concerns for the city.
Ackman voiced serious concerns over Mamdani's proposed policies, stating a mayor who disrespects the NYPD will lead to ineffective policing and a rise in violence.
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