By Laura Nahmias | Bloomberg
Billionaire hedge fund supervisor Invoice Ackman has donated $250,000 to a brilliant PAC supporting former New York Governor Andrew Cuomo in New York Metropolis’s mayoral race.
Ackman’s contribution to the pro-Cuomo PAC “Fix the City, Inc.” was disclosed in marketing campaign filings and brings its complete fundraising to greater than $4.9 million in about six weeks. Cuomo has just lately obtained $100,000 from philanthropist and Walmart Inc. heiress Alice Walton, $250,000 from media magnate Barry Diller and $100,000 from dressmaker Michael Kors.
Ackman, a long-time donor to Democrats, has lately change into a number one cheerleader for Republican President Donald Trump, backing him on overseas coverage, tariffs and combating antisemitism. He additionally hosted a fundraiser in January for one more mayoral candidate Whitney Tilson, who as soon as ran hedge fund Kase Capital Administration and sits on the advisory board of Ackman’s Pershing Sq. Basis.
“We don’t want NYC to become San Francisco or G-d forbid Los Angeles and Whitney can help save us,” Ackman stated in a put up on X on the time.
Cuomo’s entry into the mayoral race in late February shook up the sphere — he’s at present polling in first place, whereas most surveys present Tilson close to the underside of these vying for the Democratic nomination for mayor within the June 24 contest.
In a Quinnipiac ballot performed final month, Cuomo obtained assist from 31% of voters, in contrast with simply 11% who stated they’d again incumbent Mayor Eric Adams. Adams has since introduced he won’t run within the Democratic main, and can search reelection on a 3rd get together line within the November common election.
Cuomo has drawn assist from rich people together with Ken Langone, Anthony Scaramucci and Marc Lasry, who see Cuomo as a sensible chief government targeted on public security. Cuomo was elected governor to a few phrases earlier than resigning in August 2021 amid allegations of sexual harassment, which he has denied.
Extra tales like this can be found on bloomberg.com
©2025 Bloomberg L.P.
Initially Printed: April 15, 2025 at 8:19 AM PDT
