Billionaire Ken Griffin, CEO of Citadel, has publicly criticized New York City Mayor Zohran Mamdani over a video that targeted him in connection with a proposed tax on second homes. Griffin claimed that the video put his life at risk and announced plans to expand his company's operations in Miami as a direct response.
Key Takeaways
Ken Griffin, CEO of Citadel, criticized New York City Mayor Zohran Mamdani for a video targeting him over a proposed tax on second homes. Griffin claimed the video put his life in danger and announced plans to expand operations in Miami. The mayor's office defended the tax as necessary for equitable reform.
- Ken Griffin accused NYC Mayor Zohran Mamdani of endangering him with a viral tax video
- Citadel is expanding its Miami office footprint by several hundred thousand square feet
- New York City proposed an annual fee on luxury properties worth over $5 million not used as primary residences
- The pied-à-terre tax aims to raise at least $500 million for the city, targeting wealthy property owners
In an interview on CNBC, Griffin stated that he was 'upset' by Mamdani's video, which was filmed outside his penthouse and called for higher taxes on the wealthy. He referenced the assassination of UnitedHealthcare CEO Brian Thompson near his residence, suggesting that Mamdani's actions were inappropriate and dangerous.
Mamdani's office defended the proposed pied-à-terre tax as a necessary measure to ensure that the wealthiest New Yorkers contribute their fair share. The tax would impose an annual fee on luxury properties worth over $5 million that are not used as primary residences, aiming to raise at least $500 million for the city.
Griffin announced during the Milken Institute Global Conference that Citadel has filed permits to expand its office space in Miami by several hundred thousand square feet. He indicated that this decision was influenced by Mamdani's actions and the broader debate over New York City's tax policies. The future of a $6 billion redevelopment project in Midtown Manhattan remains uncertain.
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