Here's your Forbes Daily Briefing for Thursday, June 26th. Today on Forbes, here's how much

New York City mayoral candidate, Zohran Mamdani, is worth. At a panel in Harlem in February,

New York State Assembly member Zohran Mamdani discussed a piece of proposed legislation that would strip Columbia University

of various tax breaks and redirect the revenue to fund the city's university system.

Mamdani is no stranger to Colombia. His father is a Harvard-educated, renowned professor there,

and he grew up in university-owned housing. According to an account in the student newspaper,

he told the crowd, quote, Colombia was our first landlord. Today, Mamdani, a democratic socialist,

proudly rejects the elite circles where he got his start. His mother, also Harvard educated,

is an award-winning film director.

Mamdani lives in a rent-stabilized apartment, owns no car, and lists just one major asset in his financial disclosure, several acres of land in his native Uganda that he acquired at least a decade

ago.

And his social media savvy outsider campaign to become New York's next mayor has carried

him to victory in the Democratic primary that was held on Tuesday, where he defeated the frontrunner,

former New York governor Andrew Cuomo, who had pitched himself as an experienced hand on the wheel

in a turbulent time. Mamdani and Cuomo's life stories share more parallels than one might think, given their

divergent political approaches.

Cuomo also had a privileged upbringing, as the son of a lawyer who eventually became

the governor of New York and as the one-time husband of a Kennedy.

Both men rent their apartments, though Cuomo pays almost four times as much for his two-bedroom

in Midtown Manhattan,

and neither one owns any property in the city. Both tried to sell themselves as the true

avatars of the working class, despite their upbringings, with Mamdani running on freezing rent

...