Business community responds to Mamdani’s mayoral election victory

Reactions from enterprise leaders following Zohran Mamdani’s election victory to develop into the 111th mayor of New York Metropolis ranged from optimism to unease.

Executives from completely different industries and political beliefs posted their responses to

Newly elected New York Mayor Zohran Mamdani holds a press convention on the Unisphere within the Queens borough of New York Metropolis on November 5, 2025. (Kylie Cooper/Reuters)

Pershing Sq. CEO Invoice Ackman

Pershing Sq. CEO Invoice Ackman, who has been extremely vital of Mamdani’s insurance policies, congratulated the newly elected mayor with X on Tuesday night.

“Now you might have a giant accountability. If I will help NYC, let me know what I can do,” he wrote.

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Partnership for New York Metropolis CEO Kathryn Wylde

Wylde, who has led the enterprise advocacy group since 2000, congratulated Mamdani and stated the group seems ahead to serving to him “obtain his affordability targets whereas protecting New York aggressive as a vacation spot for expertise and as a generator of jobs and financial exercise.”

Wylde stated the group endorses Mamdani’s “message of hope” and appears ahead to working with him to “lengthen the advantages and alternatives of our nice metropolis to all New Yorkers.”

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The group consists of CEOs of roughly 300 main corporations within the monetary, actual property, expertise, media and healthcare sectors. Members embrace executives from corporations similar to JPMorgan Chase, BlackRock, Goldman Sachs, Verizon and Pfizer.

Palantir CEO Alex Karp

Palantir Applied sciences CEO Alex Karp speaks on stage throughout Jacob Helberg on the Hill & Valley Discussion board 2025 on April 30, 2025 in Washington, DC (Jemal Gravin/Getty Photos for Jacob Helberg)

In an interview with CNBC, Karp commented on New York’s mayoral election, saying, “We’re most likely on the verge of an entire catastrophe. I used to be born in New York.”

He continued, saying, “If you happen to ask, ‘Do these items actually work?’ Everybody says: ‘After all I am not going to vote for that.’ As a substitute, they ask, ‘Does it work in principle?'”

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Barstool Sports activities founder Dave Portnoy

Barstool Sports activities founder Dave Portnoy beforehand known as Zohran Mamdani “nearer to a communist.” (Michael Hickey/Getty Photos)

“If that is what the individuals of New York need, then so be it. Thank God I do not stay there anymore,” Portnoy wrote on X.

Portnoy has beforehand criticized Mamdani, calling him “nearer to a communist” and elevating considerations about his platform and potential mayoralty.

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Andrew Yang, CEO of Noble Cell

Andrew Yang, the previous US presidential candidate and head of cellular community operator Noble Cell, wrote on