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Bill Ackman donates $1mn to oppose Zohran Mamdani’s NY mayoral campaign

Financial Times•Wednesday, October 15, 2025 at 9:26:00 PM
NegativeFinancial Markets
Bill Ackman donates $1mn to oppose Zohran Mamdani’s NY mayoral campaign
Bill Ackman, the hedge fund billionaire, has made headlines by donating $1 million to oppose Zohran Mamdani's campaign for New York mayor. This move highlights the intense battle between traditional financial interests and the rising influence of democratic socialism in city politics. Ackman's significant contribution underscores the stakes involved in the election, as Mamdani, a frontrunner, represents a shift towards progressive policies that challenge the status quo. This clash not only reflects the broader national debate over economic inequality but also sets the stage for a pivotal moment in New York's political landscape.
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