Bill Ackman’s Support for Eric Adams Raises Eyebrows Over DEI Opposition

New York's affluent billionaires are unnerved by the possibility of Zohran Mamdani's ascendance to mayor. The idea of demanding wealthier individuals contribute their fair share in taxes to enhance social welfare is met with resistance from this elite circle, indifferent to the struggles of the marginalized. Unsurprisingly, billionaire Bill Ackman recently expressed his support for the reelection of austerity Mayor Eric Adams. Ackman declared, “Mayor Adams is prepared to engage vigorously against Mamdani's socialist agenda and anti-NYPD policies," portraying Mamdani's vision as detrimental to New York City. Moreover, Ackman's assertion of a grassroots movement seems disingenuous, as it likely represents a coalition of affluent interests. His previous calls for the dismissal of Harvard’s first Black president reveal deeper motives at play. Memorable figures endorsing Mamdani include Senator Bernie Sanders, illustrating bipartisan support for his platform, in stark contrast to Ackman’s financially motivated stance against diversity and equity initiatives.