Back to today’s briefing

Story perspectives

Bill Ackman Fears Zohran Mamdani's Mayoral Bid Risks Wealthy Exodus

6/28/2025

34 6

Summary

Story summary

Bill Ackman is sounding the alarm over Zohran Mamdani's mayoral bid, warning it could push affluent New Yorkers away. However, Paul Krugman counters that Ackman's worries are overblown. Undeterred, Ackman and his wealthy allies are gearing up to pour significant resources into opposing Mamdani, seeing this election as a strategic chance to influence politics.

1 of 1

Story summary

Bill Ackman is sounding the alarm over Zohran Mamdani's mayoral bid, warning it could push affluent New Yorkers away. However, Paul Krugman counters that Ackman's worries are overblown. Undeterred, Ackman and his wealthy allies are gearing up to pour significant resources into opposing Mamdani, seeing this election as a strategic chance to influence politics.