Ken Griffin Urges NYC Leaders to Fight $5 Million Home Tax as Talks With Mamdani Open
Updated
Updated · Fox News · Jun 21
Ken Griffin Urges NYC Leaders to Fight $5 Million Home Tax as Talks With Mamdani Open
3 articles · Updated · Fox News · Jun 21
Summary
Ken Griffin told New York business leaders to “find their voice and fight for their city,” warning silence could drive talent, employers and investors out of the city.
The clash centers on Mayor Zohran Mamdani’s plans to raise taxes on wealthy New Yorkers and second homes worth more than $5 million, alongside business concerns about crime and competitiveness.
Griffin, whose net worth Bloomberg estimates at $48.3 billion, said companies should judge the dispute through New York’s long-term future and added he expects to speak with Mamdani in coming months.
That outreach marks a cautious thaw after months of public sparring, including Mamdani’s criticism of Griffin’s Manhattan penthouse and Griffin’s attacks on the mayor’s tax-the-rich agenda.
The standoff has revived comparisons with Chicago, where Griffin moved Citadel’s headquarters to Miami in 2022 after years of criticizing taxes, crime and public policy.