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Home World Whom Do the Billionaires Want for Mayor? Follow Their Money.

Whom Do the Billionaires Want for Mayor? Follow Their Money.

One thing some may hope to get is an expansion of charter schools in the city. Other billionaires financing super PACs in this primary include four investors who support charter schools, a favored cause of financiers skeptical of district public schools: Stanley Druckenmiller and Paul Tudor Jones, who donated $500,000 and $600,000, respectively, to the Adams super PAC; Kenneth Griffin, another hedge fund manager, who has donated $750,000 to both the Adams and Yang super PACs; and Pennsylvania investor Jeffrey Yass, who donated $500,000 to Mr. Yang’s super PAC.

As it happens, the president of Mr. Adams’s super PAC is Jenny Sedlis, who is on leave from a charter school advocacy group, Students First NY, and co-founded Success Academy, which has received direct financial support from Mr. Griffin.

Scott M. Stringer, the New York City comptroller, has been critical of some charter school practices, which helped earn him the endorsement of the United Federation of Teachers. NY4Kids, a teachers’ union-backed super PAC supporting Mr. Stringer, reported raising nearly $6 million, with about $4.2 million raised and spent for the mayor’s race, a spokesman said.

Mr. Stringer’s campaign has struggled following accusations that he made unwanted sexual advances decades ago, which he has denied. Cassie Prugh, the treasurer of the organization, said the group had focused on using their budget to make relatively early investments for Mr. Stringer.

Various corporate entities controlled by the Dolan family, which owns Madison Square Garden, have put roughly $6 million into another super PAC, the Coalition to Restore New York, which highlights the same quality of life issues that have been central to the campaigns of Mr. Yang, Mr. Adams and Kathryn Garcia, a former sanitation commissioner. The super PAC has asked mayoral candidates, as well as candidates for other city offices, how they would fight crime, reignite tourism and stop the “exodus” of New Yorkers from the city.


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