Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Nick Lichtenberg

Escape from New York: Impending election of a democratic socialist mayor has the wealthy fleeing to the suburbs

Zohran Mamdani (Credit: Christian Monterrosa/Bloomberg via Getty Images)

The wealthy in New York City are on the move, spurred by what some are calling the “Mamdani effect”—a sudden surge of outward migration in anticipation of Zohran Mamdani, a democratic socialist, likely taking the reins as mayor this November.

As polls point ever more decisively to a Mamdani victory in the fast-approaching Nov. 4 election, Manhattan’s elite are quietly packing their bags and setting their sights on the rolling lawns and leafy streets of Westchester County as well as other suburban enclaves.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.