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Bloomberg Invests $8M Against Mayoral Candidate, Stays Optimistic

12/22/2025

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Summary

Story summary

Michael Bloomberg, former mayor, invested $8 million to oppose Zohran Mamdani, mayoral candidate.
Bloomberg L.P., the firm he founded, remains optimistic about New York City's future.
Bloomberg is no longer CEO, but he remains the largest shareholder.
Bloomberg L.P. renewed a nearly 500,000-square-foot lease at 120 Park Avenue.
Two other leases totaling over 1.8 million square feet at different locations also run to 2040.

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Story summary

Michael Bloomberg, former mayor, invested $8 million to oppose Zohran Mamdani, mayoral candidate.
Bloomberg L.P., the firm he founded, remains optimistic about New York City's future.
Bloomberg is no longer CEO, but he remains the largest shareholder.
Bloomberg L.P. renewed a nearly 500,000-square-foot lease at 120 Park Avenue.
Two other leases totaling over 1.8 million square feet at different locations also run to 2040.