Ken Griffin urges NYC business leaders to fight socialist mayor Mamdani
Fox Business • • business
Key Points:
- Billionaire Ken Griffin urged New York business leaders to oppose socialist Mayor Zohran Mamdani’s policies, warning that silence could jeopardize the city's economic future and lead to a talent exodus.
- Griffin criticized Mamdani’s proposals to raise taxes on wealthy New Yorkers and luxury properties, arguing such measures threaten the city’s competitiveness and long-term growth.
- Despite past public clashes, Mamdani recently reached out to Griffin to open dialogue, signaling a potential thaw in relations between the mayor and Wall Street’s billionaire class.
- Griffin referenced his experience relocating Citadel’s headquarters from Chicago to Miami due to unfavorable policies, cautioning that New York risks a similar economic impact if it alienates major employers and investors.
- He emphasized that Citadel’s commitment to New York will outlast Mamdani’s mayoral tenure and plans to engage further with the mayor to assess future policy directions.
