Zip code 10023 has donated more money to 2021 mayoral candidates than any other NYC zip code – and a big chunk of these donations have gone to Ray McGuire, one of Wall Street’s highest-ranking Black executives in recent history, Patch first reported.
McGuire on a Zoom call. Photo by Pennsylvania2 via Wikimedia
Data from the city’s Campaign Finance Board reveals that the Upper West Side zip code has donated a total of $542,300 to mayoral candidates, and $307,310 of this total has gone to the former Citigroup executive, whose net worth has been estimated to be about $15 million.
In total, the UWS has donated $614,548 to McGuire – making him by far the most supported candidate in the neighborhood. The candidate with the second most donations is Scott Stringer, who’s received $239,571.
Data also reveals that McGuire has received more private donations than any other candidate city-wide.
Just three months after launching his campaign, McGuire announced he had raised $5 million. He’s received massive support from the business community, with a dedicated super PAC called New York for Ray and donations from various companies in the financial, real estate and entertainment industries.
The main issues highlighted on McGuire’s campaign website include rebuilding the economy, making the city safer, investing in youth, and creating equity and affordability.
Great, donations to the buy from the bankrupt Citi.
Real clued in there 100023. /s
Haven’t we learned yet about electing “business people” (as opposed to those with real government experience)? Bloomberg may have done a few good things, but he was an abject failure in many regards: his buddying with the real estate industry brought us the ultra-tall monstrosities on 57th Street, as well as a huge increase in income and wealth inequality. His tax breaks for the wealthy robbed City coffers of millions of dollars in revenue. And after promising a 1/3 decrease in homelessness, he presided over the largest INCREASE in homeless in history – from 38,000 to 51,000.
And then there was his outrageous illegal third term.
Mr. McGuire may be a very smart, capable, and nice person. But we need to stop electing “business people” to government positions. It never works out as well as we hope. (See “Donald Trump,” e.g., among others).