Zohran Mamdani, New York's Democratic Mayoral Pick, Says Billionaires Shouldn't Exist

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Last Updated:June 30, 2025, 16:26 IST

Despite this strong view, Mamdani stated that he is willing to work with everyone, including billionaires, to build a fairer New York

Zohran Mamdani, the Democratic candidate for New York City mayor, has said he does not believe billionaires should exist, explaining that extreme wealth in times of growing inequality is simply unfair.

Speaking on NBC’s Meet the Press, host Kristen Welker asked the 33-year-old politician whether he thought billionaires had a right to exist, pointing out his democratic socialist beliefs. In response, Mamdani made clear that, in his view, the problem lies in how much money is concentrated in so few hands.

“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 said.

Despite this strong view, Mamdani also stated that he is willing to work with everyone, including billionaires, to build a fairer New York. “And I look forward to working with everyone, including billionaires, to make a city that is fairer for all of them," he said.

Mamdani’s remarks come just days after his surprise victory in the Democratic primary, where he defeated former New York Governor Andrew Cuomo. His win shocked many in the political world, especially given Cuomo’s long-standing presence in New York politics.

The victory was seen by some as a major shift in the party’s direction, while critics, including US President Donald Trump, accused Mamdani of being a radical. The candidate defended his views, saying he is a democratic socialist—not a communist, as Trump claimed.

If elected in November, Mamdani would become the first Muslim and Indian American to serve as mayor of the United States’ largest city. Born in Uganda, he is the son of historian Mahmood Mamdani and filmmaker Mira Nair, known for her film ‘Salaam Bombay!’.

ALSO READ: ‘Go Back To Third World’: US Lawmaker’s Remark On Zohran Mamdani Eating With Hands Sparks Debate

(With inputs from agencies)

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