{"id":37804,"date":"2025-11-05T13:01:27","date_gmt":"2025-11-05T13:01:27","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/business-leaders-from-bill-ackman-to-andrew-yang-react-to-mamdanis-nyc-mayoral-race-win\/"},"modified":"2025-11-05T13:01:27","modified_gmt":"2025-11-05T13:01:27","slug":"business-leaders-from-bill-ackman-to-andrew-yang-react-to-mamdanis-nyc-mayoral-race-win","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/business-leaders-from-bill-ackman-to-andrew-yang-react-to-mamdanis-nyc-mayoral-race-win\/","title":{"rendered":"Business leaders from Bill Ackman to Andrew Yang react to Mamdani&#8217;s NYC mayoral race win"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/690b02a2c007ca8c273846ec?format=jpeg\" alt=\"Bill Ackman\"\/><figcaption>Business leaders, including Bill Ackman, congratulated Mamdani on his election win.<\/p>\n<p>Patrick T. Fallon \/ AFP via Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>New York City elected Zohran Mamdani, a democratic socialist, as its next mayor.<\/li>\n<li>Business leaders including Bill Ackman and Andrew Yang have congratulated Mamdani on his win.<\/li>\n<li>Some high-profile figures, like Elon Musk, came out against Mamdani.<\/li>\n<\/ul>\n<p>Zohran Mamdani is the next mayor of New York City, and the congratulations have started to roll in from some business leaders.<\/p>\n<p>Mamdani&#039;s progressive agenda, which includes freezing rent, establishing city-owned grocery stores, free child-care, and taxing New York&#039;s millionaires a flat 2% tax, has put some on Wall Street on edge. The 34-year-old mayor-elect has also said he doesn&#039;t believe billionaires should exist.<\/p>\n<p>Some high-profile business leaders came out against Mamdani prior to election night, throwing their support behind former Democratic Gov. Andrew Cuomo.<\/p>\n<p>Billionaires like Bill Ackman, Mike Bloomberg, and Airbnb cofounder Joe Gebbia poured millions into pro-Cuomo groups. On Monday, Tesla CEO Elon Musk urged in a post on X to &quot;VOTE CUOMO!&quot;<\/p>\n<p>Wall Street, however, isn&#039;t unanimously anti-Mamdani. An analysis by Business Insider previously found that back-office workers on Wall Street overwhelmingly donated to the democratic socialist.<\/p>\n<p>Yasser Salem, a former McKinsey executive and Mamdani&#039;s &quot;CEO whisperer,&quot; told Business Insider that some executives are open to a few of Mamdani&#039;s proposals, including free childcare, which could alleviate some of their employees&#039; financial burdens.<\/p>\n<p>Here&#039;s what business leaders are saying about New York City&#039;s mayor-elect:<\/p>\n<p>Bill Ackman<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68f918c6c007ca8c27376e71?format=jpeg\" alt=\"Bill Ackman\"\/><figcaption>\n<p>Patrick T. Fallon \/ AFP via Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>Bill Ackman, the CEO of Pershing Square Capital Management, poured $1.25 million into pro-Cuomo and anti-Mamdani groups since June, giving $1 million to Defend NYC and $250,000 to Fix the City. That&#039;s on top of the $500,000 he gave to Fix the City before the primary.<\/p>\n<p>On Tuesday night, Ackman wrote on X: &quot;Congrats on the win. Now you have a big responsibility. If I can help NYC, just let me know what I can do.&quot;<\/p>\n<p>Ackman has been a vocal opponent of Mamdani and publicly encouraged Sliwa to drop out of the race.<\/p>\n<p>Mamdani singled out Ackman on the stump, naming him among the billionaires who oppose his candidacy. He has also mocked the hedge fund manager for his &quot;1000-word tweets.&quot;<\/p>\n<p>Ackman is worth $8.44 billion, per Bloomberg.<\/p>\n<p>James Whelan<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/690b0912599d46a4ccc17f90?format=jpeg\" alt=\"New York City skyline with sun coming up between buildings\"\/><figcaption>New York&#039;s increasingly expensive real estate is a major focus for the mayor-elect.<\/p>\n<p>Gary Hershorn\/Getty Images<\/p>\n<\/figcaption><\/figure>\n<p>In a statement on Tuesday night, James Whelan, the president of the Real Estate Board of New York, said: &quot;We congratulate Mayor-elect Mamdani on his victory.&quot;<\/p>\n<p>He added: &quot;REBNY is prepared to work with the next mayor to address the issue of housing affordability and other challenges facing our city.&quot;<\/p>\n<p>Among his proposals, Mamdani plans to address the city&#039;s housing crisis by tripling its production of publicly subsidized, rent-stabilized homes, at 200,000 new units over the next 10 years.<\/p>\n<p>The plan would benefit households that make less than $70,000 a year, and it wouldcost the city $100 billion over the next decade.<\/p>\n<p>He also plans to freeze rent for the city&#039;s one million rent-stabilized units.<\/p>\n<p>Andrew Yang<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/690b33b2c007ca8c27384811?format=jpeg\" alt=\"Andrew Yang\"\/><figcaption>\n<p>Jordan Strauss\/AP<\/p>\n<\/figcaption><\/figure>\n<p>Andrew Yang, the former presidential candidate and the CEO of Noble Mobile, wrote in a post on X on Tuesday night: &quot;Zohran Mamdani is the mayor-elect of New York City &#8211; and the hard part almost certainly lies ahead.&quot;<\/p>\n<p>In an edition of his newsletter published at the end of June, Yang said he predicted a &quot;walkover&quot; for Mamdani in the November election. He added that he met the mayor-elect before his campaign, and wrote: &quot;I found him to be a good person who wants good things for people. He&#039;s a sincere and talented messenger. He is positive and not the least bit hateful or corrupt.&quot;<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business leaders, including Bill Ackman, congratulated Mamdani on his election win. Patrick T. Fallon \/ AFP via Getty Images New York City elected Zohran Mamdani, a democratic socialist, as its next mayor. Business leaders including Bill Ackman and Andrew Yang have congratulated Mamdani on his win. Some high-profile figures, like Elon Musk, came out against [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-37804","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/37804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=37804"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/37804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/37805"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=37804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=37804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=37804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}