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Billionaires buying Gracie Mansion

Americans for Tax Fairness Action Fund | NYC Campaign Finance Board
Americans for Tax Fairness Action Fund | NYC Campaign Finance Board

Almost all the billionaire cash is backing independent candidate Andrew Cuomo (98%), with 58 of the 62 billionaire spenders giving a total of $18.4 million to Cuomo-aligned super political action committees (super PACs). Democratic hopeful Zohran Mamdani has received the support of just two billionaire spenders, who together have contributed $270,000 to outside PACs pushing his candidacy…. As of October 1st, New York City is the primary residence to 111 billionaires, according to Forbes, with lots more owning second homes or business property in the Big Apple. Collectively these 111 billionaires are worth $717 billion, over six times the city’s annual budget.

Posted in: News on 10/31/2025 | Link to this post on IFP |
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