Here is your Forbes daily briefing for Tuesday, November 4th.

Today on Forbes, here are the two billionaires supporting Zoran Mamdani.

Today is Election Day, and voters in New York City will be choosing a new mayor.

Last week, Forbes combed through campaign finance records to find the billionaires spending

to stop Zoran Mamdani, a self-described Democratic socialist who says billionaires should not

exist from becoming mayor of America's largest city.

That analysis identified 26 billionaires or billionaire families who had poured over $22 million in total into the race

trying to stop the New York State Assemblyman who's leading in the polls. Since then,

Mike Bloomberg has donated another $1.5 million to a group backing Mamdani's rival, former New York

Governor Andrew Cuomo. More surprising is the fact that as of October 27th, there are at least two billionaires

pulling for Mamdani.

The first is Elizabeth Simons, the daughter of the late hedge fund billionaire Jim Simons,

who shares a $32.5 billion fortune with her stepmother, Marilyn, and two siblings.

She cut a check for $250,000 to New Yorkers for lower costs,

the main independent group backing Mom Dani's campaign in August.

Elizabeth's donation comes as part of a long family history of political giving.

Her late father, Jim Simons, who started his career as a codebreaker and a math professor

before founding hedge fund Renaissance Technologies in 1982,

was an investment legend known for automated quantitative models

and his exclusive medallion fund,

which averaged 30% returns annually after fees.

He was worth an estimated $31.4 billion when he died in April 2024, and was a major

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