Michael Bloomberg contributes million to anti-Mamdani super PACs, becoming the largest donor of the election cycle.
Michael Bloomberg has made significant contributions to political action committees opposing Zohran Mamdani, the Democratic nominee for mayor of New York City, in the lead-up to the November 4 general election. Earlier this week, Bloomberg donated a total of million to two super PACs aimed at bolstering Andrew Cuomo, the independent candidate and former governor. This makes Bloomberg the largest political donor in this election cycle, a role he has previously occupied during the Democratic primary.
The donations came to light on Wednesday when Bloomberg’s .5 million contribution to Fix the City, the most prominent super PAC in the current mayoral race, was reported. This organization actively campaigns against Mamdani while endorsing Cuomo, whom Bloomberg supported during his unsuccessful bid in the Democratic primary held earlier this summer. In addition, Bloomberg directed a larger sum, .5 million, to For Our City, a new super PAC funded by affluent business leaders that is also focused on opposing Mamdani.
Bloomberg’s financial commitment to pro-Cuomo causes this election cycle has reportedly reached an astonishing million, including million spent during the primary campaign. This investment emphasizes his intent to halt Mamdani’s momentum, as the candidate has generated increasing support, particularly among younger voters and progressives. Bloomberg, who amassed his wealth through his financial data and media corporation, has made a penchant for influencing political dynamics in New York, particularly through substantial financial backing for candidates aligned with his vision for the city.
Despite the influx of cash into Cuomo’s campaign, the latest polls suggest that Mamdani holds a considerable lead, often polling ahead by double digits. As the election draws near, super PACs supporting Cuomo are intensifying their efforts, deploying advertisements that paint Mamdani as a threat to the city’s current stability. A notable advertisement by Fix the City, released just before Bloomberg’s latest contributions, depicted chaotic scenes from New York City alongside ominous messages warning voters about Mamdani’s potential impact if elected.
The upcoming election is positioned as a pivotal moment for New York City, with candidates like Mamdani championing progressive tax reforms aimed at enhancing social safety nets for working-class residents. Bloomberg’s recent financial activities signal a fierce battle lying ahead as the general election approaches, driving the stakes higher amidst a backdrop of contrasting visions for the future of the city.
