Fact-check analysisVerified as of July 8, 2025Curated by FactVerify
True

Reports indicate that Zohran Mamdani has under $2K in US banks.

Multiple reports based on Zohran Mamdani's latest state disclosures indicate he has declared having only about $2,000 in bank accounts in the US.

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Source: factverify.com

The reporting

What the Evidence Shows

The claim states that Zohran Mamdani has under $2,000 in US banks. According to the New York Post article,nypost.comnypost.com‘Nepo baby’ Zohran Mamdani claims to … Mamdani declared only $2,000 in the bank on his latest state financial disclosures. This figure is described as 'measly' despite his privileged background and a substantial annual salary of $131,000 as a state lawmaker.

The Dnyuz articlednyuz.comdnyuz.com‘Nepo baby’ Zohran Mamdani claims to … corroborates this information, noting that Mamdani claims to have less than $2,000 in the bank despite his salary and upbringing. Other sources (virtualjerusalem.comvirtualjerusalem.com‘Nepo baby’ Zohran Mamdani claims to … andmemeorandum.commemeorandum.com‘Nepo baby’ Zohran Mamdani claims to …) also reference this disclosure. While Mamdani owns other assets such as land in Uganda worth significantly more, the claim specifically concerns his liquid assets in US banks, which the disclosures confirm are around or under $2,000.

There is no contradictory information found in the search results disputing this figure. Therefore, the claim is accurate based on publicly available financial disclosures reported by multiple news outlets.

Primary trail

Verified Sources4

‘Nepo baby’ Zohran Mamdani claims to …

nypost.com
Open source

‘Nepo baby’ Zohran Mamdani claims to …

dnyuz.com
Open source

‘Nepo baby’ Zohran Mamdani claims to …

virtualjerusalem.com
Open source
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