New York's Billionaires Are Bending the Knee to Zohran Mamdani
In a stunning reversal, some of New York City's wealthiest and most influential billionaires have come crawling back to support the city's new Muslim mayor, Zohran Mamdani. This shift in allegiances comes after a fierce battle during the recent mayoral election, where Mamdani faced intense scrutiny for his identity and perceived ties to extremist ideologies.
Despite the formidable opposition from high-net-worth individuals who had pledged tens of millions against him, Mamdani emerged victorious, thanks in part to the efforts of billionaire hedge fund mogul Bill Ackman. Just hours after polls closed on Tuesday night, Ackman took to Twitter to congratulate Mamdani on his win and offered his assistance in governing the city.
However, not all high-profile billionaires have been as willing to extend an olive branch. JPMorgan Chase CEO Jamie Dimon, who had previously described Mamdani as a Marxist, remained mum on the issue, instead urging the mayor-elect to seek advice from outgoing Detroit Mayor Mike Duggan.
Meanwhile, crypto billionaire Mike Novogratz expressed support for Mamdani's efforts to address New York City's affordability crisis, suggesting that his success could have far-reaching implications for the industry as a whole.
The news has sent shockwaves through the business community, with some questioning whether this sudden about-face is genuine or merely a strategic move. One thing is certain, however: the billionaire class has finally taken notice of Zohran Mamdani's ascent to power in New York City.
As for how Mamdani will govern and respond to the big-business elite, only time will tell. For now, it seems that even the most formidable foes are willing to put aside their differences and offer their assistance – a stark reminder that politics is often about pragmatism rather than principle.
In a stunning reversal, some of New York City's wealthiest and most influential billionaires have come crawling back to support the city's new Muslim mayor, Zohran Mamdani. This shift in allegiances comes after a fierce battle during the recent mayoral election, where Mamdani faced intense scrutiny for his identity and perceived ties to extremist ideologies.
Despite the formidable opposition from high-net-worth individuals who had pledged tens of millions against him, Mamdani emerged victorious, thanks in part to the efforts of billionaire hedge fund mogul Bill Ackman. Just hours after polls closed on Tuesday night, Ackman took to Twitter to congratulate Mamdani on his win and offered his assistance in governing the city.
However, not all high-profile billionaires have been as willing to extend an olive branch. JPMorgan Chase CEO Jamie Dimon, who had previously described Mamdani as a Marxist, remained mum on the issue, instead urging the mayor-elect to seek advice from outgoing Detroit Mayor Mike Duggan.
Meanwhile, crypto billionaire Mike Novogratz expressed support for Mamdani's efforts to address New York City's affordability crisis, suggesting that his success could have far-reaching implications for the industry as a whole.
The news has sent shockwaves through the business community, with some questioning whether this sudden about-face is genuine or merely a strategic move. One thing is certain, however: the billionaire class has finally taken notice of Zohran Mamdani's ascent to power in New York City.
As for how Mamdani will govern and respond to the big-business elite, only time will tell. For now, it seems that even the most formidable foes are willing to put aside their differences and offer their assistance – a stark reminder that politics is often about pragmatism rather than principle.
so these billionaires just suddenly become friends with this muslim guy after he won the election like what changed his minds? 
did bill ackman have some kind of secret deal with zohran mamdani that we don't know about? 
and why is jpmorgan chase trying to play it cool on this one, meanwhile dimon was literally calling him a marxist just yesterday 
what's going on behind the scenes in new york city politics?
Bill Ackman's move to support him seems like a win-win for both parties - he gets to curry favor with the new mayor and Mamdani gets a major boost in terms of credibility 
. But Jamie Dimon playing it cool on Twitter? that's just clever 
... meanwhile, Mike Novogratz is all about the token support and trying to spin this as good news for the industry 
but jpm org ches ceo jamie dimon is still hating lol and mike novogratz is all about affordability crisis tho that would b awesome if ny city solved dat problem!! now we just gotta see how mamdani governs n wht the bilionaires r really after 
They're just trying to curry favor and gain access to Mamdani's inner circle without actually putting their money where their mouth is. 
but jpmorgan chase CEO jamie dimon being all cryptic and stuff 
. Either way, it's all a bit suspicious to me 
.
its so cool to see them coming together and supporting him he deserves it after everything he went through during the election 
can't wait to see how this all plays out in the future 
rich people just wanna stay in the game, Mamdani's got the power now & they wanna get in on the action 
. I'm not sure if it's genuine or just a strategic move, but it's definitely interesting how the business community is taking notice of him now 
. Maybe this means we'll see some real change in NYC with Mamdani at the helm? 
mike novogratz tho is a interesting case - maybe he's seein opportunities in affordability crisis