JUST IN: Zohran Mamdani reports under $2K in U.S. banks, no investments—only major asset is land in Uganda worth up to $250K.

In a political landscape where wealth and influence often go hand in hand, New York Assemblyman Zohran Mamdani has just released a financial disclosure that is turning heads — not for excess, but for its surprising modesty.

According to official filings, the Democratic Socialist lawmaker has less than $2,000 across all U.S. bank accounts, no stock market investments, and virtually no domestic assets to his name. The only notable property he lists? Land in Uganda, his country of birth, estimated to be worth between $100,000 and $250,000.

In a time where financial transparency is a growing concern among voters, Mamdani’s disclosure paints a picture that stands in sharp contrast to many of his political peers — some of whom hold diversified portfolios, real estate empires, and offshore accounts. Instead, Mamdani appears to live with a level of financial austerity that aligns tightly with the progressive, anti-capitalist values he promotes.

But that hasn’t stopped questions from swirling.

“Where’s the money?”

Some critics are asking whether the minimal reported finances reflect a deliberate strategy, an unconventional lifestyle, or something more nuanced. With an annual base salary of over $140,000 as a New York State Assemblyman, many are wondering: where is it all going?

Supporters argue Mamdani’s disclosure is actually a badge of integrity — a demonstration that he’s not in politics for personal gain, but to challenge a system he believes is built to benefit the wealthy and powerful. “This is what it looks like when someone is truly not for sale,” one progressive commenter wrote on social media.

On the other hand, skeptics say the situation raises more questions than answers. “Either he’s living paycheck to paycheck, which could reflect poorly on his ability to manage finances — or he’s keeping money elsewhere, which would raise transparency concerns,” one conservative analyst suggested.

The Uganda land: What’s the story?

Perhaps the most interesting detail in Mamdani’s filing is the undeveloped land in Uganda, valued up to a quarter of a million dollars. While land ownership abroad is not unusual for immigrants with strong ties to their home countries, the inclusion of this asset has prompted speculation.

The land could be inherited, purchased before his rise to office, or held in family trust. But its existence — especially in the absence of American-based holdings — has prompted a swirl of commentary online.

“How can someone claim to fight against the elite, but hold foreign land worth six figures?” one critic posted.

Still, others see it differently: “He’s not hiding condos in Manhattan or stocks in tech companies. It’s land in Uganda. That doesn’t scream corruption — it screams roots,” one supporter responded.

Political implications

This disclosure is likely to impact Mamdani’s public image — for better or worse.

To his progressive base, this is proof of authenticity. To his critics, it’s a potential red flag. But in either case, it’s bound to stir debate as the 2025 election cycle heats up.

Whether this report enhances his credibility or invites further scrutiny, one thing is certain: Zohran Mamdani is not your typical American politician.

In a world where political figures are often defined by their wealth, investments, and corporate ties, Mamdani is carving out a radically different image — one that could either deepen support among working-class voters or invite criticism from those who expect leaders to demonstrate financial stability and strategic planning.

For now, the numbers are clear: under $2,000 in the bank, no U.S. investments, and one solitary plot of land in Uganda.

The story is far from over — but the message, for now, is loud and clear.