Zohran Mamdani will be New York City’s next mayor - a result that stunned some of the city’s most powerful business figures. Zohran Mamdani defeated both former Governor Andrew Cuomo and Republican Curtis Sliwa, securing a win called by the Associated Press less than an hour after polls closed. According to Business Insider , a cluster of billionaires poured millions into last-minute efforts to stop the Democratic socialist assemblyman, who has openly said that “billionaires shouldn’t exist.”

The billionaire-backed groups - Fix the City, For Our City, Put NYC First, Defend NYC, and Anyone But Mamdani - all burned through millions since the June primary. Their goal was clear: keep Mamdani out of City Hall.

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