When Zohran Mamdani was declared the next mayor of New York City , it marked more than just a political victory, it also hinted at a dramatic shift in the city’s power dynamics.

The 34-year-old Democrat, known for his bold economic policies, had faced fierce opposition from some of the richest people in America. Though millions were spent to stop him, Mamdani won, and now, some of those same billionaires are changing their tune.

Why billionaires hate him?

One of the most attractive aspects of his campaign was the economic policy. His plans to freeze rents, offer free public buses, provide universal childcare, and raise taxes on the wealthiest 1% drew both applause and outrage.

He also vowed to restructure the city’s property tax system, shifting the burden away from working-class n

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