Zohran Mamdani, who ran his campaign on tackling the cost of living through policies like city-run groceries, free public transit, and universal childcare, was declared the next mayor of the U.S.’ largest city on Tuesday. And some of the billionaires who previously opposed him are changing their tune.

The Associated Press declared Mamdani’s win at 9:35 p.m. Eastern Time Tuesday, just over half an hour after polls closed. Taking the stage at his campaign’s watch party , the 34-year-old Democrat celebrated his win while taking aim at the wealthy donors who had bankrolled his opponent, independent candidate and former New York governor Andrew Cuomo.

“Tens of millions of dollars have been spent to redefine reality and to convince our neighbors that this new age is something that shoul

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