The post Here’s What Billionaires Are Saying After Mamdani’s Win appeared on BitcoinEthereumNews.com.

Topline Zohran Mamdani’s victory in the New York City mayoral race on Tuesday night was met with a muted response from billionaires and other business leaders in the city, many of whom had backed Former Gov. Andrew Cuomo for mayor. Zohran Mamdani speaks after winning the mayoral election. Copyright 2025 The Associated Press. All rights reserved. Key Facts Billionaire hedge fund manager Bill Ackman, who has been among Mamdani’s fiercest critics online, congratulated the Democratic candidate on his victory in an X post and wrote, “Now you have a big responsibility.” The Pershing Square Capital founder, who had poured $1.75 million into the race in an attempt to stop Mamdani, then added, “If I can help NYC, just let me know what I can do.” Hedge fund billionaire Daniel Loeb, who donated $775,000 to back Mamdani’s opponent, didn’t directly comment on the election result, but he appeared to mock Ackman’s post, tweeting: “Ladies, find a man who loves you the way Bill Ackman loves himself.” Crypto billionaire Mike Novogratz told Bloomberg that the business community needed to reach out to the progressive leader, saying: “He’s tapping into a message that’s real: that we’ve got a tale of two cities in the Dickensian sense…and can you address the affordability issue in creative ways without driving business out.” Many other prominent billionaires who backed Cuomo, like Mike Bloomberg and Airbnb co-founder Joseph Gebbia, haven’t yet publicly commented on the result of the election. What Did Mamdani Say About Billionaires In His Victory Speech? Mamdani said his election win was a “mandate for change.” He added: “​​For as long as we can remember, the working people of New York have been told by the wealthy and the well-connected that power does not belong in their hands…Tonight, against all odds, we have grasped it.…

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Filed under: News - @ November 5, 2025 3:30 pm