Bill Ackman Reportedly Donates $1 Million To Super PAC Opposing Zohran Mamdani’s NYC Mayoral Run - JPMorgan Chase (NYSE:JPM)

Core Points - Bill Ackman, a billionaire hedge fund investor, has made a significant donation of $1 million to a super PAC named Defend NYC, which opposes the mayoral campaign of Zohran Mamdani, a Democratic socialist [2][4] - Defend NYC has raised a total of $1.32 million from nine donors, with Ackman being the largest contributor, followed by Daniel Loeb who contributed $100,000 [2] - The PAC has launched a website, MeetZohran.com, to criticize Mamdani, labeling him as a "radical socialist" and inexperienced, although it has reported minimal expenditures aside from consulting and polling [3] Financial Contributions - Prior to this donation, Ackman contributed $500,000 to another super PAC, Fix the City, which supports Andrew Cuomo's mayoral campaign, making him one of the leading donors in the current race [4] - Former Mayor Michael Bloomberg is noted as the largest donor in the race, having donated $8.3 million to the same PAC before the primary elections [4] Political Context - Ackman's donation follows his public concerns regarding the influence of out-of-state money in the NYC mayoral race, particularly questioning the funding from wealthy Californians for a New York City candidate [5] - Jamie Dimon, CEO of JPMorgan Chase, has also expressed skepticism regarding Mamdani's candidacy, indicating broader concerns among influential financial figures [6]