Billionaire Ken Griffin, CEO of Citadel, has reiterated his commitment to relocating more operations to Miami, especially following recent tensions with New York City Mayor Zohran Mamdani.
Ken Griffin Criticizes NYC’s New Tax Proposal
During the 2026 Milken Institute Conference, Griffin emphasized the strategic choice to move his business from Chicago to Miami over New York. He stated, “It’s unquestionably true that we made the right choice.” This declaration comes in response to a viral Tax Day video from Mamdani that targeted Griffin’s upscale Manhattan residence while promoting a new pied-à-terre tax.
Mamdani’s Tax Policy and Economic Concerns
Mamdani’s video, which Griffin labeled “creepy and weird,” has sparked a debate about New York’s business environment. Griffin encouraged his associates to invest in cities that promote freedom and prosperity, such as Miami.
- Griffin mentioned a growing trend of leadership moving from states like California to Florida and Texas.
- He criticized New York’s approach to success, citing a lack of support for business leaders.
Mayor Mamdani’s Stance on Tax Reform
In a statement to Fox News Digital, Mamdani expressed his desire for all New Yorkers, including successful entrepreneurs like Griffin, to succeed. He acknowledged the need for meaningful tax reform, stating the current system disproportionately benefits the wealthy while burdening working-class citizens.
Despite the criticism, Mamdani has expressed gratitude towards Griffin for his philanthropic efforts, including donations to New York’s police department. This relationship, however, remains complex, as Mamdani continues to advocate for changes that may impact Griffin and others in the wealth bracket.
Griffin’s call for freedom and opportunity underscores a larger conversation about the direction of urban economics and the future of business leadership in the United States.
