New York’s financial elite have offered cautious support to Zohran Mamdani after the Muslim democratic socialist won the city’s mayoral election after a record voter turnout.
Many on Wall Street have viewed the 34-year-old Queens assemblyman with suspicion for his criticism of the moneyed class in a city where finance and real estate titans loom large, and for his pledges to impose additional income tax on salaries over $1mn.
But in the final weeks before the election, Mamdani intensified his courtship of New York’s business class, attending a series of meetings with chief executives as he sprinted towards what appeared to be an inevitable victory.
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