Hedge fund founder hits back at Mamdani's 'creepy' wealth tax video
Griffin said the video put him in harm’s way and called the tax proposal discriminatory after Mamdani used his penthouse as an example.
- On Tuesday at the Milken Institute Global Conference in Beverly Hills, California, Citadel CEO Ken Griffin called Mayor Zohran Mamdani's tax promotional video "creepy and weird."
- The pied-à-terre tax targets residential properties valued above $5 million where owners maintain primary residences outside New York City, aiming to generate about $500 million annually for the city's budget.
- Griffin warned the video posed security risks, citing the fatal shooting of UnitedHealthcare CEO Brian Thompson blocks from his residence and calling the mayor's actions "frightening."
- Mamdani's press secretary Joe Calvello responded that the mayor wants all New Yorkers to succeed, insisting the current tax system remains "fundamentally broken" and requires meaningful reform.
- Griffin, whose firm paid $2.3 billion in taxes over five years, said he would "double down" on Miami expansion, while plans for a massive Midtown Manhattan redevelopment remain uncertain.
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Chicago knows what happens when Ken Griffin turns on a city, now Mamdani may find out – FOX News
"For Chicago, the result has been a steady erosion of one of its most prominent corporate anchors — shrinking office space, relocating employees and the departure of a billionaire who once poured hundreds of millions into the city’s institutions and politics. It also meant fewer high-paying finance jobs downtown and the disappearance of a major civic and cultural benefactor."
‘He put me in harm’s way’: Ken Griffin responds to Mamdani’s viral video of his $239 million NYC penthouse
Last month, New York City Mayor Zohran Mamdani celebrated Tax Day by making good on a campaign promise. “When I ran for mayor, I said I was going to tax the rich,” Mamdani said in a viral video posted to social media. “Today, we’re taxing the rich.” Mamdani went on to describe New York’s proposed pied-á-terre tax, a collaboration with Gov. Kathy Hochul. The tax specifically targets the owners of residential properties in New York City worth more…
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