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Zohran Mamdani Net Worth: Democrat Zohran Mamdani has been elected the next Mayor of New York City, defeating Republican Curtis Sliwa and independent candidate Andrew Cuomo, who had entered the race after losing to Mamdani in the Democratic primary. At 34, Mamdani is also the youngest person to lead the city in more than a century. A Mayor With One of the Smallest Net Worths in Modern NYC Politics According to Forbes, Mamdani has an estimated net worth of around $200,000 (Rs 1.71 crore) as of 2025. That figure is significantly lower than that of his opponent Andrew Cuomo, whose fortune is pegged at around $10 million, Forbes reported. Most of Mamdani’s declared assets come from Uganda, where he was born in 1991. His financial disclosures list four acres of land in Jinja, near Lake Victoria, valued between $150,000 and $250,000. Also Read: Zohran Mamdani Makes History as NYC's First Muslim and South Asian Mayor Rent-Stabilised Home, No Car, Subway Commute Back in New York, Mamdani’s lifestyle mirrors his modest finances. As reported by Forbes, he lives in a rent-stabilised apartment in Astoria, paying around $2,250 a month. He does not own a car and travels by subway, often seen carrying his own bag. His current income comes from his role as a state assembly member, which pays $142,000 a year. In 2024, he also disclosed $1,000 in royalties from his short rap career under the name “Mr Cardamom”. Family Background With Academic and Artistic Roots Mamdani is the son of Columbia University professor Mahmood Mamdani and award-winning filmmaker Mira Nair, best known for films such as Monsoon Wedding and Salaam Bombay!. Nair previously owned a Chelsea condo that was sold in 2019 for $1.45 million. The family lives in Columbia-owned housing on the Upper West Side, where similar apartments are listed at around $6,000 a month. What Changes After Taking Office Once sworn in, Mamdani’s salary will rise to $260,000 a year and he will move into Gracie Mansion, the official residence of the New York City mayor. Since he got married earlier this year to a Syrian-born artist after the financial disclosure deadline, any joint assets will appear only in his next filing.
