Pro-Mamdani super PAC takes hefty check from ultra-wealthy donor despite saying billionaires shouldn't exist
Mamdani said in June he does not believe we should 'have billionaires'
By Andrew Mark Miller Fox News
Published August 23, 2025 11:38am EDT
The heiress to the fortune of a billionaire hedge fund manager has made a substantial donation to a super PAC aligned with socialist New York City mayoral candidate Zohran Mamdani, a candidate who has said he does not believe billionaires should exist.
In what amounts to the largest contribution received this cycle, the Mamdani-aligned New Yorkers for Lower Costs PAC recently received $250,000 from philanthropist Elizabeth Simons, New York Post reported.
Simons is the daughter of Jamie Simons, the late billionaire hedge fund manager who founded the extremely successful hedge fund Renaissance Technologies, built up a personal fortune worth $31.4 billion over the course of his lifetime and used billions of that money for charity.
"I don’t think that we should have billionaires because, frankly, it is so much money in a moment of such inequality, and ultimately, what we need more of is equality across our city and across our state and across our country," Mamdani told NBC News in June.
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https://www.foxnews.com/politics/pro-mamdani-super-pac-takes-hefty-check-ultra-wealthy-donor-despite-billionaires-shouldnt-exist
