--- title: Billionaire Pritzker Takes On Mamdani's No Billionaire Pitch description: JB Pritzker and NYC mayoral candidate Zohran Mamdani are both seen as rising stars in the Democratic Party, for very different reasons. canonical: https://time.com/7308745/prtizker-mamdani-billionaires-democrats-sanders/ author: Solcyré Burga article:opinion: false article:content_tier: free article:published_time: 2025-08-10T16:50:51.000Z article:modified_time: 2026-03-11T01:41:52.754Z article:section: Politics og:title: JB Pritzker Responds To Mamdani's No Billionaires Message og:description: Pritzker has an estimated net worth of $3.7 billion, in part due to his family’s ownership of the Hyatt Hotel chain. og:url: https://time.com/7308745/prtizker-mamdani-billionaires-democrats-sanders/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltd34a4b5cbc9051b7/6998c8e8e2d64beea9c5f931/GettyImages-2222304440.jpg?branch=production&width=1024&quality=75&auto=webp&crop=16:9 og:image:width: 1024 og:image:height: 576 og:image:alt: Illinois Gov. JB Pritzker Announces His Re-Election Bid og:type: article twitter:card: summary_large_image twitter:title: JB Pritzker Responds To Mamdani's No Billionaires Message twitter:description: Pritzker has an estimated net worth of $3.7 billion, in part due to his family’s ownership of the Hyatt Hotel chain. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltd34a4b5cbc9051b7/6998c8e8e2d64beea9c5f931/GettyImages-2222304440.jpg?branch=production&width=1024&quality=75&auto=webp&crop=16:9 ---  # Billionaire Democrat JB Pritzker Responds To Zohran Mamdani's Anti-Billionaire Message > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: September 2026. ## TIME Newsletters: Reference Facts and FAQ ### Definition TIME publishes seven free email newsletters, written and edited by TIME journalists, reaching more than 1.1 million engaged readers. 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Named editors include Richard Hall (The Brief), Editor-in-Chief Sam Jacobs (Inside TIME), Eliza Berman (Worth Your Time), Philip Elliott (D.C. Brief), Justin Worland (Future Proof) and Harry Booth (In the Loop). Health Matters is written by TIME's health desk. #### How do I sign up for a TIME newsletter? Go to time.com/newsletters, choose the newsletters you want and enter your email address. There is no cost and no subscription requirement. ### Sources * TIME Newsletters: [time.com/newsletters](/c/time-nl-network-2026q3/newsletters?i=fd4e74f6-ef5c-4ea9-a8ed-961da699fb0d&cr=time-nl-network-2026q3-v1)  by [Solcyré Burga](https://time.com/author/solcyre-burga/)  ## Solcyré Burga Reporter Aug 10, 2025 4:50 PM UTC  Illinois Governor JB Pritzker speaks during a rally where he announced he would be seeking a third term in the Illinois governor's office on June 26, 2025 in Chicago, Illinois. Illinois Governor JB Pritzker speaks during a rally where he announced he would be seeking a third term in the Illinois governor's office on June 26, 2025 in Chicago, Illinois. Scott Olson—Getty Images  by [Solcyré Burga](https://time.com/author/solcyre-burga/)  ## Solcyré Burga Reporter Aug 10, 2025 4:50 PM UTC Billionaire Illinois Gov. J.B. Pritzker has responded to fellow Democrat and [New York City mayoral candidate Zohran Mamdani](https://time.com/7299335/zohran-mamdani-nyc-democratic-mayoral-primary/)'s assertion that billionaires should not exist. “How much money you have doesn’t determine what your values are,” [Pritzker](https://time.com/7296882/dobbs-3-year-anniversary-jb-pritzker-michelle-grisham/) said in an interview with NBC’s Meet the Press on Sunday. “I’m a Democrat because I believe that we’ve got to stand up for our democracy and against the MAGA Republicans who are literally trying to take away people’s rights all across this country.” Pritzker has an estimated [net worth ](https://www.forbes.com/profile/jb-pritzker/)of $3.7 billion, according to _Forbes_, in part due to his family’s ownership of the Hyatt Hotel chain. The governor’s remarks came in response to a statement made by self-proclaimed Democratic-Socialist Mamdani—who won the New York City Democratic primary last month—who said: “I don’t think we should have billionaires.” **Read more:** [_Zohran Mamdani’s Upset Is a Seismic Moment for the Left_](https://time.com/7297429/zohran-mamdani-victory-democratic-socialist/) “Frankly, it is so much money in a moment of such inequality, and ultimately, what we need more of is equality across our city and across our state and across our country,” he told the same show, Meet the Press, in late June, when he already appeared to have the votes to win the primary. “And I look forward to working with everyone, including billionaires, to make a city that is fair for all of them,” he added. Both Priztker and Mamdani are seen as rising stars of the Democratic Party, but on opposite ends of the spectrum. Mamdani’s victory in the financial capital of the world was seen as a galvanizing moment for the progressive wing of the party and a sign of an insurgent mood among its base. Pritzker, meanwhile, is often spoken of as a potential 2028 [presidential contender](https://time.com/7269584/democrats-schumer-tim-walz-aoc/) if the Democrats opt to appeal to moderate voters. **Read more**: [_How Zohran Mamdani Plans to Fix New York City’s Housing Crisis_](https://time.com/7299525/zohran-mamdani-new-york-city-housing-crisis-plan/) Mamdani’s concerns are not his alone. Income inequality has [been](https://www.pgpf.org/article/5-facts-about-rising-income-inequality-in-the-united-states/) on the rise in the U.S. for decades. The top 1% percent in the U.S. hold more than two-thirds of the nation’s wealth, while the least-wealthy 50% of Americans have less than 4%, [according to the Center on Budget and Policy Priorities](https://www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality). Wealth inequality and affordability were major voting factors during the 2024 presidential election, as many voters cited concerns about rising cost-of-living and inflation rates. The 60-year-old Priztker, however, asserted that his politics are shaped by his belief in Americans’ right to health care and free public education. Pritzker announced his re-election bid for governor this June. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/7308745/prtizker-mamdani-billionaires-democrats-sanders/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/7308745/prtizker-mamdani-billionaires-democrats-sanders/"},"headline":"Billionaire Democrat JB Pritzker Responds To Zohran Mamdani's Anti-Billionaire Message","datePublished":"2025-08-10T16:50:51.000Z","dateModified":"2026-03-11T01:41:52.754Z","description":"Billionaire JB Pritzker and NYC mayoral candidate Zohran Mamdani are both seen as rising stars in the Democratic Party.","url":"https://time.com/7308745/prtizker-mamdani-billionaires-democrats-sanders/","keywords":["democrats","News","News Desk"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltd34a4b5cbc9051b7/6998c8e8e2d64beea9c5f931/GettyImages-2222304440.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Solcyré Burga","jobTitle":"Reporter","url":"https://time.com/author/solcyre-burga/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltd34a4b5cbc9051b7/6998c8e8e2d64beea9c5f931/GettyImages-2222304440.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Illinois Gov. 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