US EditionBillionaire Ken Griffin Blasts Mamdani’s ‘Personal Attack’—Says He’s Meeting With Gov. Hochul
Griffin said Mamdani’s use of his townhouse was a personal attack, as Citadel warned the tax could threaten 6,000 construction jobs and 15,000 permanent jobs.
- On April 15, New York City Mayor Zohran Mamdani filmed a video in front of billionaire Citadel CEO Ken Griffin's Manhattan penthouse to promote a pied-à-terre tax on luxury second homes, sparking sharp pushback from the hedge fund.
- Backed by Gov. Kathy Hochul, the proposed pied-à-terre tax targets properties worth more than $5 million to help close New York City's $5 billion deficit, which officials say requires new revenue sources.
- Citadel Chief Operating Officer Gerald Beeson warned in an internal memo that Mamdani's actions threaten a $6 billion redevelopment project at 350 Park Avenue, noting Citadel employees have paid nearly $2.3 billion in state and local taxes.
- Griffin, speaking at a conference in Oslo, criticized the mayor's approach as a "profound lack of judgment" and planned to meet with Hochul to discuss the state's fiscal direction and pro-business environment.
- This confrontation occurs as New York City faces a prospective $10.4 billion budget gap in 2027, with observers warning that targeting major employers could jeopardize the city's economic future and long-term tax base.
16 Articles
16 Articles
Ken Griffin slams Mamdani for singling him out as a 'profound lack of judgment,' ripping socialist bent
Citadel CEO Ken Griffin called New York City Mayor Zohran Mamdani’s viral video—which singled out Griffin and his Manhattan penthouse while announcing a new tax—a "personal attack" and a "profound lack of judgment."On April 15, Mamdani posted a video spotlighting Griffin's property to announce a new pied-à-terre tax. The move prompted the hedge fund CEO to threaten to pull a $6 billion development project from the city. The video features Mamdan…
Citadel’s Griffin to Meet With New York Governor After Mamdani Spat
Citadel’s Ken Griffin said he’s meeting with New York Governor Kathy Hochul on Thursday to talk about the future direction of America’s biggest city after a spat with Mayor Zohran Mamdani’s over his $238 million Manhattan penthouse.
Billionaire Ken Griffin to meet with Hochul to discuss New York’s ‘future direction’ after Mamdani feud
Ken Griffin, founder and CEO of the hedge fund and market trading firm Citadel, said on Tuesday he will meet with New York State Gov. Kathy Hochul on Thursday to talk about its "future direction."
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