Zohran Mamdani, the presumptive Democratic nominee for mayor in New York City, said that he doesn't believe billionaires should exist.

Asked directly whether billionaires should have a right to exist, Mamdani, who identifies himself as a democratic socialist, told NBC News' "Meet the Press," "I don't think that we should have billionaires because, 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."