American businessman, philanthropist, and politician; founder of Bloomberg L.P.; former 109th mayor of New York City
New York City Mayor Zohran Mamdani has reported modest increases in his music royalties, earning $1,643 in 2025. His income primarily comes from his salary as a state Assembly member, with additional earnings from his past music career. His tax filings reveal a total joint income of about $145,000, with a significant salary increase now that he is mayor.
The royal couple have used their New York stop to honor 9/11 victims, meet families, and participate in cultural and economic engagements. Tensions over the Iran war and private interactions with New York officials are shaping the visit.
King Charles III and Queen Camilla have attended the King's Trust gala at Christie’s in New York, raising funds for youth employment. The event featured a star-studded guest list, including Anna Wintour and Stella McCartney, and followed their visit to the 9/11 Memorial & Museum during a four-day US tour.
Giving USA 2026 reports 2025 philanthropy at a record $617 billion, up 3% in inflation-adjusted terms. Bequests and megagifts from a handful of ultra-wealthy donors drive the rise, with MacKenzie Scott contributing about a third of megagift dollars and Warren Buffett, Bill Gates and Michael Bloomberg among top benefactors. The stock market boom underpins broader giving across individuals, foundations, and corporations.
New York’s Democratic primaries have yielded three wins for Mayor Zohran Mamdani’s democratic socialist slate. Brad Lander, Darializa Avila Chevalier and Claire Valdez have defeated establishment-backed rivals in the 10th, 13th and 7th districts, signaling a stronger left-wing presence in Congress ahead of November.
JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents, signaling a shift in leadership as Marianne Lake retires. The board is advancing a male-dominated succession slate, with Erdoes and Piepszak retaining high-level roles and retention bonuses awarded to top bankers.
California Gov. Gavin Newsom has released a nearly $352 billion budget debt-free for the coming fiscal year, highlighting investments in child nutrition, healthcare access, and renewable energy while resisting broader tax hikes. The plan relies on reforms to healthcare providers, a sales tax on software and limits on corporate tax breaks, and it aims to shield low‑income residents from federal cuts as the state contends with national political pressures.