Billionaire hedge fund titan Bill Ackman has urged a “subdued” former Governor Andrew Cuomo to drop out of New York City’s mayoral race — as he officially backed Eric Adams’ bid for reelection.
Ackman, who doled out $500,000 to Cuomo’s failed Democratic primary campaign, acknowledged late Wednesday that Adams was the only one who could beat Democratic nominee Zohran Mamdani at the polls.
“In short, my takeaway is that Adams can win the upcoming election and that the Governor should step aside to maximize Adams’ probability of success,” he said in a lengthy X post.
“I say this while having a high regard for Andrew Cuomo and his contributions to New York State. But it was abundantly clear in his body language, his subdued energy and his proposals to beat Mamdani, that he is not up for the fight.”
Ackman said he made the call after meeting with both Adams and Cuomo at length earlier this week.
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