Billionaire Bill Ackman is calling for a new candidate to challenge Democratic socialist and New York City mayoral hopeful Zohran Mamdani, who defeated Andrew Cuomo in the primary, and has pledged to fund their campaign.
Ackman, whose net worth is estimated at $9.3 billion, posted a nearly 1,500-word message on X Wednesday evening, expressing that he is "gravely concerned" about the future of New York City after "an avowed socialist" who supports defunding the police, opening city-run supermarkets, and freezing rent won the Democratic primary. Mamdani also promised free childcare, baby baskets for newborns and a $30 minimum wage for New Yorkers.
