New York Metropolis Mayor Zohran Mamdani spotlighted Citadel CEO Ken Griffin’s Manhattan penthouse in a viral video saying a brand new pied-à-terre tax. (Credit score: NORGES BANK INVESTMENT MANAGEMENT)
Billionaire and Citadel CEO Ken Griffin repeated his firm’s intentions to “double down” on shifting to Miami within the wake of his feud with New York Metropolis Mayor Zohran Mamdani.
“Once we moved from Chicago, there was a debate between New York and Miami,” Griffin mentioned on the 2026 Milken Institute Convention on Tuesday. “It is unquestionably true that we made the appropriate alternative. I am going to depart it at that.”
Griffin was responding to Mamdani’s viral Tax Day video, which singled out Griffin’s Manhattan penthouse whereas saying a brand new pied-à-terre tax.
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Citadel CEO Ken Griffin supported extra of his enterprise companions shifting to Miami from New York Metropolis. (Kayla Bartkowski/Getty Pictures / Getty Pictures)
He referred to the video as “creepy and peculiar” and urged his New York enterprise companions to proceed to put money into freer cities like Miami.
“Now what the mayor of New York has made clear to my companions, and principally my New York companions, is that we have to double down on our wager in Miami as a result of we need to be in a state that embraces enterprise, embraces schooling, embraces private freedom and liberty,” he mentioned. “And that embraces folks having a possibility to dwell the American dream, a dream of earned success, not a dream of distributive handouts that depart folks depending on authorities for his or her lives and their livelihoods in a means that takes away their dignity and honor.”
“We have seen a mass exodus of enterprise management from California to Texas and Florida. Mamdani’s making it very clear. New York does not welcome success,” Griffin added.
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On April 15 (Tax Day), NYC Mayor Zohran Mamdani posted a video outdoors Ken Griffin’s Manhattan penthouse selling a brand new “tax-the-rich” coverage. (Spencer Platt/Aaron Schwartz/Bloomberg/Getty Pictures / Getty Pictures)
An announcement to Fox Information Digital learn, “Mayor Mamdani needs all New Yorkers to succeed. That features enterprise house owners and entrepreneurs who create good-paying jobs and make this metropolis the financial engine of America. It additionally contains Ken Griffin, who’s a significant employer in our Metropolis and a strong determine in our financial system.”
The assertion continued, “That doesn’t negate the actual fact, nevertheless, that our tax system is basically damaged. It rewards excessive wealth whereas working individuals are pushed to the brink. The established order is unsustainable and unjust. If we would like this metropolis to turn out to be a spot that working folks can afford, we want significant tax reform that features the wealthiest New Yorkers contributing their fair proportion.”
O’LEARY SLAMS NYC TAX PLAN AS ‘SHEER BLIND STUPIDITY,’ DEFENDS WEALTHY INVESTORS
Regardless of calling out Griffin in his video, Mamdani personally thanked Griffin for his donation to the New York Police Division final week.
New York Metropolis Mayor Zohran Mamdani has beforehand criticized billionaires, together with Ken Griffin, whom he not too long ago thanked for supporting police. (Spencer Platt/Getty Pictures / Getty Pictures)
“I need to thank everybody who’s right here with us within the Corridor of Heroes at this time, with particular due to Police Commissioner [Jessica] Tisch and NYPD management,” Mamdani mentioned at One Police Plaza, talking earlier than division brass and households of slain officers.
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“I additionally need to thank Ken Griffin for funding a memorial wall that may open later this yr,” he added.
