Jul 9, 2025, 2:23 PM
Jul 7, 2025, 12:00 AM

Wealthy New Yorkers support socialist Zohran Mamdani's mayoral campaign

Highlights
  • Zohran Mamdani emerged as a front-runner in the New York City mayoral race, attracting support from affluent backers.
  • His campaign promotes progressive policies aimed at reducing income inequality.
  • The unusual alliance between wealthy supporters and a socialist candidate reflects changing perspectives within the business community.
Story

In New York City, a surprising alliance has formed in support of mayoral candidate Zohran Mamdani, who has shocked the political landscape by becoming the front-runner in the Democratic primary against established figures like former Governor Andrew Cuomo. His bold platform includes proposals such as free public buses, universal childcare from six weeks old, and a freeze on controlled rents. This progressive agenda has garnered backing from a notable group of wealthier New Yorkers, including venture capitalists and corporate attorneys, who see him as a potential force to address the city's stark income inequality. Among them is 27-year-old James Hueston, a venture capitalist who openly supports the taxation of the rich to fund vital social programs, stating that he believes in paying his fair share for societal benefit. Voting data indicate that about one-third of the city's affluent residents chose Mamdani in the primary election. His campaign has attracted donations from a range of high-profile financiers and corporate leaders with many opting to remain anonymous due to concerns about backlash. While some billionaires vocally dissent against him, others, like Bradley Tusk, advocate for support of his campaign, emphasizing a need to improve living conditions across the city through Mamdani's proposals. This unusual support for a left-leaning candidate from high-income earners may stem from a recognition of the flaws within the capitalist system that often exacerbates inequality. Mamdani's immigrant background and Muslim identity have also resonated powerfully with some voters looking for change after the political fallout from Cuomo's tenure.

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