Zohran Mamdani’s net worth: No car, no mansion… What is the net worth of Indian-American Muslim NYC Mayor Zohran Mamdani? Has a Bollywood connection too

Zohran Mamdani, a 34-year-old India(BHARAT)n-origin democratic socialist politician, achieved a remarkable win in the highly contested New York City mayoral race, becoming the first South Asian and Muslim to be elected to the role of mayor of the largest city in the United States. Zohran Mamdani also has ties to India(BHARAT), identifies as a democratic socialist, and has ancestry related to both India(BHARAT) and Africa. He ran against former Governor Andrew Cuomo and Republican nominee Curtis Sliwa.

Speaking about his personal life, Zohran Mamdani’s mother, Mira Nair, is a renowned filmmaker. Meanwhile, his father is the academic Mahmood Mamdani.  She directed several popular Hindi films, including Monsoon Wedding and Salaam Bombay. Mamdani speaks fluent Hindi and even ran portions of his campaign in Hindi to engage India(BHARAT)n-origin voters in the community.

As per Forbes, Zohran Mamdani’s overall net worth is around $200,000 (or roughly Rs 1.77 crore). When Zohran Mamdani takes office as mayor of New York City on January 1, 2026, his pay will be nearly double, rising to approximately $260,000 as New York City mayor from $142,000 as a state legislator.

In addition, moving into Gracie Mansion, the official mayoral residence, will allow him to save on housing costs. Combined, these changes might even increase his net worth, which is currently based primarily on land ownership in Uganda, his birthplace.

Mamdani reported in his 2023 financial disclosures as a state assemblyman that he purchased four acres of land in Jinja, Uganda, in 2012. The property, located next to Lake Victoria along the source of the Nile River, is worth between $150,000 and $250,000, based on his disclosures.

In New York, Mamdani enjoys a lifestyle that is fairly modest when compared to his net worth. He does not own a luxury mansion. Forbes reports that he lives in a rent-controlled apartment in Astoria for about $2,250 per month (approximately Rs 2 lakh). He does not own a car. He takes the subway to work and to attend campaign events; he is often seen toting his own bag.