Here’s How Much Zohran Mamdani Is Worth

Key Concepts:

• Zoran Mamdani: New York City mayoral candidate.
• Net Worth: The value of an individual's assets minus liabilities.
• Financial Disclosures: Documents revealing an individual's financial holdings.
• Rent-Stabilized Apartment: A type of apartment in NYC with regulated rent increases.
• Democratic Primary: An election to choose the Democratic party's nominee.

Zoran Mamdani's Background and Early Life:

• Born in 1991 in Kampala, Uganda.
• Mother is an Indian-American filmmaker known for films like Mississippi Masala, Salaam Bombay (nominated for an Academy Award), and Monsoon Wedding (won the Golden Lion at the Venice Film Festival).
• Father, Mahmud Mamdani, is a professor at Columbia University.
• Moved to New York City at age 7.
• Attended Bank Street (private school) and Bronx High School of Science (public school).
• Graduated from Bowdoin College in 2014.

Career and Political Beginnings:

• Worked on his mother's film sets and on political campaigns and community organizing efforts.
• Became a naturalized US citizen in 2018.
• Elected to a state assembly seat in 2020, defeating a five-term incumbent.
• The state assembly job pays $142,000 annually.

Financial Status and Assets:

• Lives in a $2,250 a month rent-stabilized apartment and does not own a car.
• Owns 4 acres of land in Jinja, Uganda (acquired in 2012), valued between $150,000 and $250,000, bordering Lake Victoria and containing the source of the Nile River.
• New York City disclosures do not require listing cash accounts.
• Married a Syrian-born artist in 2023, after the financial disclosures were due, so her assets are not yet reflected in his filings.

Mayoral Campaign and Comparison to Opponent:

• Ran a social media savvy outsider campaign for New York City mayor.
• Defeated former New York Governor Andrew Cuomo in the Democratic primary.
• Andrew Cuomo pitched himself as an experienced hand.
• Forbes estimates Mamdani's net worth to be around $200,000.
• Forbes estimates Cuomo's net worth to be $10 million, 50 times more than Mamdani.

Conclusion:

Zoran Mamdani, despite his family's artistic success and his own political achievements, has a relatively modest net worth compared to his mayoral opponent, Andrew Cuomo. His primary asset is land in Uganda, and his campaign is characterized by his "outsider" status and social media presence. The full details of his financial situation may not be entirely clear due to disclosure limitations and his recent marriage.