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Wall Street Billionaires Brace for Mamdani After NYC Mayoral Win

Zohran Mamdani, a self-described democratic socialist, won with about one million votes, signaling increased working-class support and a shift against traditional political parties.

Summary by NewsNation
(NewsNation) — Billionaires on Wall Street are coming to terms with Mayor-elect Zohran Mamdani's victory in New York City after spending millions trying to block his run, all while dealing with a shutdown-induced data blackout. Mamdani — a self-described democratic socialist who criticized wealth hoarding, promised to hike taxes on high earners and pushed for rent freezes — defeated Republican Curtis Sliwa and independent Andrew Cuomo with 50.6%…

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stationgossip.com broke the news in on Wednesday, November 5, 2025.
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