Bill Ackman Backs Adams for New York Mayor

Ackman said he wants someone with ‘enormous energy’ to take on Democratic socialist candidate Zohran Mamdani.

New York City Mayor Eric Adams speaks during a press conference at City Hall in New York City, on June 26, 2025. Michael M. Santiago /Getty Images

New York City Mayor Eric Adams can pull off a victory in the November election if former Gov. Andrew Cuomo withdraws, said billionaire hedge fund manager Bill Ackman in a July 3 post on social media platform X.

“The only candidates with a credible chance to beat [Zohran Mamdani] are Cuomo and Adams,” Ackman said. Mamdani is the Democratic mayoral candidate.