SAN FRANCISCO, Calif.—Mayor London Breed has conceded the race for mayor to philanthropist and Levi Strauss & Co. heir Daniel Lurie on Nov. 7.

Lurie earned 56.2 percent, or 119,440 votes after 14 rounds of ranked-choice voting, surpassing the incumbent Breed, who had 93,079 votes, according to a Nov. 7 update from the city’s Department of Elections.

The results are preliminary, and the Department of Elections will not issue certified results before Dec. 3.

Breed pledged a smooth transition as Lurie takes over the role. She conceded to Lurie in a Nov. 7 post on social media platform X.

“Being Mayor of San Francisco has been the greatest honor of my lifetime. I’m beyond grateful to our residents for the opportunity to serve the City that raised me,” Breed wrote. “Over the coming weeks, my staff and I will work to ensure a smooth transition as he takes on the honor of serving as Mayor of San Francisco.”

Breed won election as mayor in June 2018 to serve out the remainder of Mayor Ed Lee’s term. She was reelected in 2019 to a full term.

Breed said that she had called Lurie to congratulate him.

Lurie entered his first race for public office last year, spending nearly $9 million of his own money on the campaign, saying that, as a political outsider, he needed to introduce himself to voters.

“I’m deeply grateful to my incredible family, campaign team, and every San Franciscan who voted for accountability, service, and change,” Lurie said in a Nov. 8 statement. “No matter who you supported in this election, we stand united in the fight for San Francisco’s future and a safer, more affordable city for all.”

Lurie is an heir to the Levi Strauss & Co. fortune through his mother, Mimi Haas, who married Peter Haas, a longtime Levi’s CEO and great-grandnephew of Levi Strauss. Lurie’s father, Brian Lurie, is a rabbi and former executive director of the San Francisco Jewish Community Federation.

He also is the founder of the nonprofit Tipping Point Community, which says it has invested $440 million since 2005 in programs to help “Bay Area residents on a path out of poverty.”

Board of Supervisors Speaker Aaron Peskin, and former interim mayor and supervisor Mark Farrell were eliminated at round 13 and round 12 respectively.

The Associated Press contributed to this report.