Democratic socialist assemblyman Zohran Mamdani is set to become the Democratic nominee for New York City mayor, anticipated to defeat former Governor Andrew Cuomo in the primary. Despite a substantial influx of funds from billionaires aiming to support Cuomo and impede Mamdani’s campaign, the financial backing did not succeed. Bloomberg and other notable figures endorsed Cuomo but Mamdani’s policies on rent and taxes resonated positively with a significant portion of voters, indicating a shift toward progressive ideologies in the city’s political landscape.
High-profile billionaires poured millions of dollars into the New York City mayoral election. On Tuesday, they lost their first battle.
Most of them donated to Fix the City, an outside nonprofit group... that spent money on pro-Cuomo and anti-Mamdani ads.
Zohran Mamdani is projected to become the Democratic nominee for mayor of New York City, defeating former Gov. Andrew Cuomo.
Cuomo had enjoyed the support of big names in business and finance as he sought to fend off Mamdani, a Democratic socialist.
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