Billionaire Bill Ackman announced he is backing Andrew Cuomo in New York City’s mayoral race — in a dramatic about-face after he previously endorsed Mayor Eric Adams, claiming the former New York governor did not have the energy to defeat surging socialist Zohran Mamdani.
“Eric has been a charismatic and high-energy leader who has shown real empathy and provided critical moral and other support to NY communities in their time of need,” the hedge fund titan wrote in a late-night X post Thursday.
“All of that said, Eric should step aside and not run for reelection. Eric’s polls have deteriorated substantially since the primary, and it has become increasingly clear that he does not have a chance to beat @ZohranKMamdani.”
Just two months ago, Ackman had endorsed Adams and called on Cuomo to drop out of the race, claiming his “subdued energy” made it “abundantly clear” that the ex-governor “is not up for the fight” to take down Mamdani…