The wealthiest New Yorkers are desperately to rally support – and millions of dollars – for Andrew Cuomo to defeat the democratic socialist
Zohran Mamdani has had to overcome a lot during his campaign to be New York City’s next mayor.
His age, relative lack of experience and his self-stated democratic socialism could have held him back. Yet the 33-year-old, a relative unknown 12 months ago, sailed through all challenges as he became the favorite to win the election in November.
One thing still looms over Mamdani, however: New York City’s billionaire class, and the not-unrelated real estate lobby.
Mamdani has terrified some traditional big-money Democratic donors and powerful real-estate tycoons by promising to freeze rent prices and raise taxes – slightly – on the wealthiest 1% of New Yorkers.
