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Fortune
Fortune
Christiaan Hetzner

Bill Ackman’s ‘hundreds of millions of dollars’ in NYC mayoral race goes to Eric Adams—‘ready to go to battle, guns blazing’ against Zohran

Bill Ackman Eric Adams Zohran Mamdani Andrew Cuomo NYC Donald Trump Bernie Sanders Democratic Party
William "Bill" Ackman, founder and chief executive officer of Pershing Square Capital Management LP, listens during a Senate Special Committee on Aging hearing on Valeant Pharmaceuticals International Inc. in Washington, D.C., U.S., on Wednesday, April 27, 2016. (Credit: Andrew Harrer—Bloomberg via Getty Images)
  • Calling on former governor Andrew Cuomo to drop out, the billionaire hedge fund manager endorsed incumbent NYC mayor Eric Adams as the only credible alternative to Democratic primary winner Zohran Mamdani. Ackman triggered outrage when he said last week that he was in WhatsApp groups where wealthy donors planned to flood the election with money in order to keep the 33-year-old Democratic Socialist from winning office in November.

Fearing a victory by Zohran Mamdani in November’s New York City mayoral race, Bill Ackman threw the weight of his estimated $9.4 billion personal fortune behind incumbent Eric Adams, calling on Andrew Cuomo to drop out.

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