Ken Griffin Ignores NYC Mayor Mamdani's Outreach After 'Tax the Rich' Video Dispute
New York City Mayor Zohran Mamdani has attempted to initiate dialogue with billionaire hedge fund manager Ken Griffin following a contentious social media video that targeted Griffin’s luxury Manhattan residence. The video, which promoted a proposed tax on secondary homes, drew sharp criticism from Griffin, who labeled the stunt creepy and announced plans to expand Citadel’s operations in Miami rather than New York City. Despite Mamdani’s efforts to connect through intermediaries for a sit-down discussion, Griffin has not responded. A spokesperson for Griffin emphasized the need for serious policy conversations over political theater, while noting Griffin’s continued care for New York. The incident has intensified concerns among business leaders about a potential exodus of wealth and corporations from the city due to Mamdani’s socialist policies. Griffin also threatened to cancel a significant $6 billion development project on Park Avenue. This standoff highlights the growing tension between the new mayor’s progressive agenda and the city’s financial elite, with experts warning of economic repercussions such as quiet quitting by high-earners.
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