Zohran Mamdani’s historic political rise to prominence positioned him as New York City Mayor-elect and one of the leading voices of democratic socialism.
Notably, given the nature of his public role and campaign platform centered on economic justice, questions about his personal fortune, mostly the “Zohran Mamdani net worth” topic, are put under very strong public and media scrutiny.
According to the widely reported current estimate, the Zohran Mamdani net worth is around $200,000-$300,000 as of 2025, derived mainly from his required public financial disclosures.
What The Top Outlets Say About Zohran Mamdani Net Worth
Major financial news estimates from different outlets have been somewhat constant regarding the net worth of Zohran Mamdani. They are derived from his declared assets and sources of income. All point toward a pretty modest personal fortune for such a high-profile politician.
His Zohran Mamdani net worth is estimated to be between $200,000–$300,000 by Forbes.
His main assets come from land in Uganda, besides his New York State Assembly salary. This range is used by the general media consensus and contrasts with the multi-million dollar wealth of many other NYC political figures.
Primary Sources: The Financial Disclosures We Reviewed
To correctly estimate Zohran Mamdani’s net worth, search for the primary documents filed with state and city ethics and finance boards. These public records detail his financial situation.
State & City Financial Disclosures
As an Assembly member and mayoral candidate in New York State, Mamdani files annual financial disclosures that supply estimated ranges for the value of his assets and liabilities.
The most valuable asset declared in his filings for 2024, according to The Times of India, is four acres of undeveloped land in Uganda.
This was a gift from an uncle back in 2012 and is valued at as much as $250,000, according to The Times of India. This asset would heavily affect the final net worth calculation of Zohran Mamdani.
He also reported a small interest of less than $2,000 in a retirement plan from his earlier work with non-profits.
NYC Campaign Finance Board Filings
Campaign finance records track receipts and expenditures, but are not the equivalent of personal net worth. Nonetheless, they do reveal his political financial strength.
For his mayoral campaign, Mamdani raised about $4 million in private funds and got about $12.7 million or more in public matching funds. This successful grassroots funding illustrates considerable political capital apart from Zohran Mamdani’s net worth.
The New York City Campaign Finance Board’s summaries provide transparent information on contributions and disbursements. (Source: NYC Campaign Finance Board)
How We Calculate Zohran Mamdani Net Worth
The methodology in estimating the net worth of the politician heavily relies on the figures the politician discloses, using conservative valuation rules when only ranges are provided.
What We Include In The Calculation
The estimated Zohran Mamdani net worth is calculated by adding the publicly identifiable assets and subtracting any major known liabilities.
- Cash/Savings– Approximate liquid assets.
- Real Estate Equity– The estimated value of the Uganda land.
- Retirement/Investments– Small accounts and reported stock holdings.
- Earned Income– Income from annual salaries that, over time, increases net worth.
Valuation Rules
Since disclosures often use ranges, a conservative calculation often uses the midpoint of the range listed for an asset.
For example, if the value of land is listed between $150,000 and $250,000, $200,000 might be used as a median estimate. This way, the estimate for Zohran Mamdani’s net worth remains pegged to the figures disclosed.
Why Public Filings Can Under/Over-State Wealth
Remember, public filings are estimates and not bank statements. They can obviously understate one’s wealth by leaving out non-disclosable assets or family trusts. But they can also overstate value if the assets in question – like the Uganda land – are not liquid or basically readily vendible.
Detailed Breakdown – Salary, Assets, and Liabilities
The estimated net worth of Zohran Mamdani is the sum of his professional income and inherited or earned estate.
Salary And Earned Income
He receives a political salary that provides his only regular, personal income.
Assembly Salary
A member of the New York State Assembly, he receives an annual base salary of about $142,000, according to The Indian Express and Ballotpedia. This number has been the continued driving force behind his rising Zohran Mamdani net worth.
Music Royalties
Mamdani, who was a rapper and performed as Mr. Cardamom, has reported less than $1,000 income from music royalties each year. This is one small, additional contributor to his financial profile.
Real Assets – Uganda Land
The most valuable and most scrutinized asset that contributes to Zohran Mamdani’s net worth is land in Uganda.
Mamdani owns four acres of open land in Jinja, near Lake Victoria, Uganda.
This asset was gifted in 2012, according to the Times of India. While high valuation up to $250,000 reflects its potential, the lack of liquidity means the cash value of Zohran Mamdani Net Worth is lower.
Investments and Liabilities
Mamdani’s financial statements indicate a limited investment portfolio with very low personal indebtedness.
He declared small investments in a dissolved social enterprise and in a small retirement interest.
Mamdani resides in a rent-stabilized apartment in Queens and pays close to $2,300 per month. He has few liabilities since there are no reported mortgages or large loans against him, says the Times of India, citing this as a reason his net worth is so high.
Read Also: How Alina Habba’s Net Worth Grew After She Took Donald Trump’s Case
Political And Personal Context: Zohran Mamdani Background
The interest in Zohran Mamdani’s net worth is linked to his unique background and political identity.
Zohran Mamdani Parents
Zohran’s parents are the acclaimed filmmaker Mira Nair, hailing from India, and Mahmood Mamdani, an acclaimed academic from Uganda and professor at Columbia University.
Zohran Mamdani Ethnicity
He was born in Kampala, Uganda, and is of Indian descent, his heritage being from the Khoja Twelver Shia community of Gujarat. According to The Indian Express, he checks both “Asian” and “Black or African American” on official forms that ask for his ethnicity.
Zohran Mamdani Religion
He is a practising Muslim.
Zohran Mamdani Wife and Family
Zohran Mamdani’s wife is Rama Duwaji, a Syrian-American artist and illustrator. They married in February 2025. Since the relevant disclosures predate their marriage, her assets were not included in the public filings that inform the Zohran Mamdani net worth estimate.
Zohran Mamdan- Policies and Wealth
His political platform lies at the core of the debate on Zohran Mamdani’s net worth. Zohran Mamdani’s policies revolve around economic justice, raising the taxes of high-income earners and large corporations to help pay for universal services like free public buses and affordable housing.
The Guardian
The modest net worth he reported is in line with his political message of fighting inequality and his opposition to the city’s real estate and corporate power brokers.
Campaign Finance and Legal Scrutiny
Though separate from Zohran Mamdani’s net worth, campaign finance filings did attract legal scrutiny.
Disclosure Discrepancies and Allegations
The campaign faced accusations of illegal foreign contributions and received criminal referrals for the same. Coolidge Reagan Foundation said the campaign accepted contributions from donors outside the U.S.
The spokesperson for the campaign said they would return any donations not in line with the rules of the NYC Campaign Finance Board. Some of these small donations, considered to fall under campaign finance rules, even bring about legal issues.
Current Best Estimate and Caveats
So, the Zohran Mamdani net worth stands between $200,000 and $300,000 according to 2025.
This public financial disclosure is actually consistent with $142,000 annual Assembly salary. We will continue updating this article when new financial disclosures are filed.
Read Also: How Ben Crump’s Net Worth and Influence Grew From the Legal Field to Television!
Frequently Asked Questions (FAQs):
We collected answers to the most popular questions about the Zohran Mamdani net worth and his public life. Additionally, we explain information about his financial transparency and family background.
Zohran Mamdani’s net worth is far below so many prominent politicians and ex-mayors in New York, who are most often millionaires. His financial situation is dominated by his salary and a single nonliquid asset; thus, he is considered to have somewhat modest wealth for a person holding the office.
No. These four acres of Ugandan land, which is a huge chunk of the estimated Zohran Mamdani net worth, are unused real estate. Of course, it’s an asset, but is not liquid, meaning he can’t turn them into cash until sold. His liquid assets (cash/investments) are a much smaller portion of his total wealth.
His largest and most important source of personal income is his annual salary for being a member of the New York State Assembly, which is roughly $142,000. He also reports very small amounts from music royalties, but the Assembly salary is the main driver of his personal income and increases Zohran Mamdani net worth.
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