Billionaires expressed discontent following State Rep. Zohran Mamdani's unexpected victory in the New York City mayoral primary, where he defeated former Governor Andrew Cuomo. Wealthy donors were heavily invested in Cuomo's candidacy. Critics like Bill Ackman highlighted low voter turnout, arguing that allowing such a small electorate to dictate the city's future was troubling. Another billionaire, John Catsimatidis, voiced potential economic repercussions if Mamdani holds office, suggesting a mass exodus to states with different political climates. Tesla's Elon Musk mocked the candidate's statements, further emphasizing the divide between wealthy elites and progressive voters.
If we allow 9.1% of registered voters [to] determine the future of New York City, then we deserve the city that we are going to get.
New Yorkers are now welcomed to conservative Florida due to concerns about Mamdani's victory.
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