**The Intercept**
*November 6, 2025*
*Katherine Krueger*
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Chief among these converts is billionaire hedge fund mogul Bill Ackman, who famously contributed nearly $2 million of his own money to efforts to kill Mamdani’s candidacy. I read the Pershing Square Capital boss’s tweet on Tuesday night @Mamdani:
“Congrats on the win. Now you have a big responsibility. If I can help NYC, just let me know what I can do.”
Elsewhere in the world of high finance, JPMorgan Chase CEO Jamie Dimon, who previously called Mamdani “more a Marxist than a socialist” and slammed him as pushing “ideological mush that means nothing in the real world,” is also offering his help.
In an interview with CNN on Wednesday, Dimon urged Mamdani to call up the outgoing mayor of Detroit for advice because “that’s the way you learn,” which is more than a little bit condescending. The billionaire also said he left a message for Mamdani the day after the election and selflessly offered to meet with him:
“If I find it productive, I’ll continue to do it.”
Elsewhere, crypto billionaire Mike Novogratz urged his countrymen to reach out to Mamdani.
“Once he’s the mayor, we’ve got to be sure he’s successful in keeping New York a thriving community,” he told Bloomberg News on Wednesday. “That we’ve got a tale of two cities in the Dickensian sense, to a degree we haven’t seen since we’ve been alive, and can you address the affordability issue in creative ways without driving business out.”
The crypto industry might mourn the booster it had in the outgoing mayor, but something tells me “business” at large is going to be alright.
This isn’t to say everyone at the top has gracefully accepted the results. It remains to be seen how Mamdani will govern and how big business will respond.
*(Excerpt)*
Read more at [theintercept.com](https://theintercept.com).
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**Topics:** Society
**Keywords:**
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### Comments
**CondoleezzaProtege**
Of course they are. They are NOT on our side. I hope Mamdani taxes the living hell out of them. They deserve it.
**nonliberal (Russia is not my enemy.)**
So silly. $2 million is a drop. A drip.
**stanne**
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