Illinois Governor J.B. Pritzker, a billionaire, has responded to fellow Democrat Zohran Mamdani’s statement that billionaires should not exist.
Pritzker stated in a Sunday interview on NBC’s Meet the Press that a person’s wealth does not define their values. He explained his Democratic affiliation stems from his commitment to defending democracy against MAGA Republicans who are attempting to curtail rights nationwide.
Forbes estimates Pritzker’s net worth at $3.7 billion, largely due to his family’s ownership stake in the Hyatt Hotel chain.
The governor’s comments were a direct response to Mamdani, a self-described Democratic-Socialist who recently won the New York City Democratic primary, and his assertion that billionaires shouldn’t exist.
Mamdani, speaking on Meet the Press in late June, stated that such vast wealth is inappropriate given current levels of inequality. He added that what is needed is greater equality across the city, state, and country.
He added that he is looking forward to collaborating with all people, including billionaires, to build a more equitable city.
Pritzker and Mamdani are both considered rising stars within the Democratic Party, though they represent different ideological wings. Mamdani’s primary victory in New York City was viewed as a significant moment for the progressive wing and a sign of grassroots enthusiasm. Pritzker is often mentioned as a potential presidential candidate in 2028, particularly if the Democrats seek to appeal to more moderate voters.
Mamdani’s concerns about wealth inequality are widely shared. Income inequality in the U.S. has been increasing for decades. The wealthiest 1% of Americans control over two-thirds of the nation’s wealth, while the bottom 50% possess less than 4%. Wealth inequality and affordability were key voting issues in the 2024 presidential election, with many voters expressing concerns about rising living costs and inflation.
Pritzker, 60, maintains that his political beliefs are rooted in his support for Americans’ rights to healthcare and free public education.
Pritzker announced his campaign for re-election as governor this past June.
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