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Wed, 06 May 2026

Wed, 06 May 2026 Hedge fund founder hits back at Mamdani's 'creepy' wealth tax video

Ken Griffin said Mamdani's video, filmed outside his apartment, raised safety concerns.

* Billionaire Ken Griffin has criticized New York Mayor Zohran Mamdani's "tax the rich" plan, saying it makes the city unwelcoming to success.
* Griffin said he would focus on growing his business interests in Miami rather than Manhattan due to Mamdani's proposal.
* Griffin called a video made by Mamdani outside his NYC penthouse "creepy and weird", warning of security risks after a nearby shooting.
* Mamdani's press secretary responded that the mayor wants all New Yorkers to succeed, including business owners like Griffin, but the current tax system is broken and unsustainable.
* The proposed pied-à-terre tax would raise at least $500m by taxing properties worth over $5m in NYC.
* Griffin bought his NYC penthouse for $238m in 2019, making it the most expensive property purchased in the US.