Billionaires Criticize Zohran Mamdani After NYC Democratic Mayoral Primary Win

Billionaire investors and business leaders have strongly criticized Democratic Socialist Zohran Mamdani following his surprising victory in the 2025 New York City Democratic mayoral primary. Hedge-fund billionaire Bill Ackman expressed grave concern over Mamdani's policies, predicting they would drive wealthy residents away and harm the city's tax base, and publicly called for a strong opponent to emerge backed by significant financial resources. Other prominent figures, including John Catsimatidis and Dan Loeb, have threatened economic repercussions or derided the election results, with Catsimatidis even threatening to relocate his grocery chain if Mamdani is elected. Meanwhile, billionaire crypto entrepreneur Cameron Winklevoss cast doubt on Mamdani's chances in the general election, suggesting the broader New York electorate may reject his platform. Tesla CEO Elon Musk also mocked Mamdani’s call to defund the police on social media. The wealthy establishment, including supporters of former Governor Andrew Cuomo and President Trump, have mobilized substantial funding and public statements to oppose Mamdani, signaling a contentious and high-stakes mayoral race ahead.