As Zohran Mamdani declared victory within the New York Metropolis Democratic mayoral main on Tuesday evening, one needed to surprise: Has anybody checked on the finance bros?
On X, the Wall Avenue meltdown was already properly underway. “It seems that NYC is electing to commit suicide by Mayor,” wrote Jim Bianco, president of Bianco Analysis. “It’s formally scorching commie summer time,” added Dan Loeb, CEO of hedge fund Third Level and longtime Cuomo backer.
each NYC finance man on my important feed proper now pic.twitter.com/Z7anouAFio
— 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 (@EffMktHype) June 25, 2025
Loeb wasn’t alone. Billionaires like Michael Bloomberg and Invoice Ackman had backed Andrew Cuomo, nonetheless seen because the frontrunner even within the race’s closing days. “Invoice Ackman drafting his ideas on Mamdani rn,” one submit joked, alongside a picture of an essay-length textual content being written. “One other nice a part of Mamdani’s victory is that it means Michael Bloomberg just about lit over $8 million on hearth for no purpose lol,” one other X person wrote.
Invoice Ackman drafting his ideas on Mamdani rn pic.twitter.com/e7pCMMKKO4
— litquidity (@litcapital) June 25, 2025
The finance business’s response isn’t shocking. A Mamdani win in November’s basic election may carry what Wall Avenue dreads most: tax hikes and tighter laws threatening company and funding pursuits—fueling the acquainted cry of a rich exodus. “Rich New Yorkers transferring to Miami if Zohran wins,” one Instagram meme joked.
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Let’s not neglect the finance bro who did vote for Mamdani (starter pack features a Carhartt beanie and a duplicate of The Communist Manifesto). “NYC women with belief funds had been calling him ‘Zaddy Zohran’ and also you thought he was going to lose?” one person posted on X.
— Overheard on Wall Avenue (@OHWallStreet) June 24, 2025
One submit, acknowledging defeat, featured an AI-generated picture of fleece-clad finance bros scanning groceries at a city-run market: “Properly boys, onto the brand new bullpen.”
Properly boys, onto the brand new bullpen. pic.twitter.com/GUxzYaYZw6
— Overheard on Wall Avenue (@OHWallStreet) June 25, 2025
One other submit on X completely summed up the final temper: “Funding bankers reacting to NYC nominating a socialist for Mayor.” The accompanying caption? “we’d all be wonderful with quite a bit much less, proper?”
Funding bankers reacting to NYC nominating a socialist for Mayor pic.twitter.com/4SY66q4qTn
— litquidity (@litcapital) June 25, 2025
