NYC socialist who opposes billionaires takes cash from hedge fund heiress

The heiress to the fortune of a billionaire hedge fund supervisor has made a considerable donation to an excellent PAC aligned with socialist New York Metropolis mayoral candidate Zohran Mamdani, a candidate who has stated he doesn’t consider billionaires ought to exist.

In what quantities to the most important contribution acquired this cycle, the Mamdani-aligned New Yorkers for Decrease Prices PAC not too long ago acquired $250,000 from philanthropist Elizabeth Simons, the New York Put up reported.

Simons is the daughter of Jamie Simons, the late billionaire hedge fund supervisor who based the profitable hedge fund Renaissance Applied sciences who constructed up a private fortune price $31.4 billion over the course of his lifetime and donated billions of that cash to charity.

“I don’t suppose that we must always have billionaires as a result of, frankly, it’s so a lot cash in a second of such inequality, and, in the end, what we’d like extra of is equality throughout our metropolis and throughout our state and throughout our nation,” Mamdani informed NBC Information in June. 

MEET MAMDANI’S RADICAL ADVISORY CIRCLE THAT INCLUDES COMMUNIST ACTIVIST, ANTI-ISRAEL ADVOCATES

Information of Mamdani’s billionaire help prompted criticism on social media, together with from Mamdani’s opponent, former New York Gov. Andrew Cuomo. 

“Congrats to you, @ZohranKMamdani for finishing the holy trinity of hypocrisy: Eat the wealthy → Money their PAC checks,” Cuomo posted on X. “Freeze the lease → Wealthy man in inexpensive housing you don’t want. Defund the police → Armed guards worldwide… from the marketing campaign path to Uganda. You might be what you faux to struggle.”

Fox Information Digital reached out to the Mamdani marketing campaign and New Yorkers for Decrease Prices PAC, which operates independently of the marketing campaign, asking if the funds could be returned or denounced however didn’t obtain a response from both social gathering.

MEET THE FORMER SOROS FOUNDATION EXEC CONNECTING OBAMA WORLD WITH MAMDANI CAMPAIGN

Railing towards billionaires has been a typical incidence over the course of Mamdani’s marketing campaign as he has tried to place himself as a candidate who champions affordability and price of dwelling for New York Metropolis’s working class.

“We’re reaching New Yorkers who’ve been ignored by institution politicians and crushed by the billionaire class,” Mamdani posted on X in March. “Our grassroots momentum will carry us over the end line in June.”

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Mamdani has additionally criticized Cuomo for taking cash from billionaires, posting on X in June, “We dwell in the costliest metropolis in america. Cuomo’s billionaire donors need it that approach. However we now have an agenda to make life inexpensive.”