The Wall Street Journal

New York’s Financial Crowd Rushes to Build Anti-Mamdani War Chest

A new group plans to raise at least $20 million to stop the democratic socialist in the mayoral race

Zohran Mamdani’s victory in becoming New York City’s Democratic nominee for mayor sent shock waves through the city’s business establishment.
Zohran Mamdani’s victory in becoming New York City’s Democratic nominee for mayor sent shock waves through the city’s business establishment. Photo: Michael M. Santiago/Getty Images

Some of New York’s wealthiest financiers are scrambling to build out a network of outside groups that plan to go to war against Democratic nominee for mayor Zohran Mamdani as a last stand against the surging progressive candidate. 

They don’t all agree on a candidate. But in what could be the most expensive race in the city’s history, they all agree they want to defeat the out-of-nowhere democratic socialist with a dedicated following.

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