Hedge fund manager Ken Griffin, founder of Citadel, says he is committing further to Miami after New York City Mayor Zohran Mamdani highlights Griffin in support of proposals to increase taxes on second homes. In an interview at the Milken Global Conference, Griffin says Mamdani’s comments have reinforced what he describes as the firm’s “bet in Miami,” adding that Citadel revised plans to enlarge an office project there. Bloomberg reports Griffin also declined to confirm whether Citadel will complete a separate Manhattan tower project at 350 Park Avenue, noting that internal discussion continues. The reports tie Mamdani’s public references—including a discussion of Griffin’s reported Central Park South penthouse—to Griffin’s decision to adjust Citadel’s Miami building plans. One account also says Griffin watched Mamdani’s video multiple times and criticized it as “creepy and weird,” while recalling his earlier move from Chicago. A Mamdani spokesperson says the mayor supports entrepreneurs but argues New York’s tax structure should be reformed so wealthy residents contribute more. Overall, the coverage centers on Griffin’s stated investment direction and Mamdani’s efforts to change second-home taxation in New York.
Ken Griffin says he will expand Citadel’s Miami plans after Zohran Mamdani tax push
Hedge fund manager Ken Griffin, founder of Citadel, says he is committing further to Miami after New York City Mayor Zohran Mamdani highlights Griffin in support of proposals to increase taxes on seco...
- Ken Griffin, founder of Citadel, says he is “doubling down” on Citadel’s Miami plans.
- Griffin links the decision to New York City Mayor Zohran Mamdani’s public discussion of second-home taxes and references to Griffin.
- Bloomberg reports Citadel revised its planned Miami office building to make it bigger.
- Griffin does not confirm whether Citadel will finish its Manhattan project at 350 Park Avenue, saying it remains under discussion.
- A Mamdani spokesperson says the mayor supports entrepreneurs but wants New York’s tax structure reformed to require greater contributions from wealthy residents.
New York City (NYC) Mayor Zohran Mamdani (D) doubled down on his "Tax the Rich" plan as hedge fund CEO Ken Griffin has expressed interest in furthering his Miami investments. The post Mamdani Doubles Down on NYC ‘Tax the Rich’ Plan as Hedge Fund CEO Ken Griffin Eyes Miami Investments appeared first on Breitbart.
3 months agoKen Griffin "Doubles Down On Miami" After Mamdani's "Creepy And Weird" Video Vilifying Him Ken Griffin said New York Mayor Zohran Mamdani’s push for higher taxes on second homes has reinforced Citadel’s commitment to Miami — and even led the firm to scale up its planned headquarters there, according to Bloomberg. Speaking Tuesday at the Milken Institute Global Conference, Griffin said Citadel decided to enlarge its Miami office project after Mamdani publicly referenced his $238 million Central Park South penthouse while promoting a new pied-à-terre tax proposal. “We went to Miami and revised our building plan to make it a bigger office building,” Griffin said. “What the mayor of New York has made clear to my partners, and principally my New York partners, is that we need to double down on our bet in Miami.” Bloomberg writes that Griffin said he watched Mamdani’s video three times and described it as “creepy and weird.” He added that the situation brought back memories of his departure from Chicago, where he previously criticized local leadership before moving Citadel and Citadel Securities to Florida. “Looking at what Mamdani did to me and more broadly is doing to the city of New York is triggering the trauma I went through in Chicago,” Griffin said. A spokesperson for Mamdani defended the mayor’s stance, saying he supports entrepreneurs but believes New York’s tax structure needs reform so wealthy residents contribute more. Citadel still has nearly 2,500 employees in New York City and is involved in a separate $6 billion office tower project at 350 Park Avenue. But Griffin suggested Miami has clearly won out. “What do we do at 350 is still a point of discussion internally, but what is no longer a point of discussion is when we moved from Chicago, there was a debate between New York and Miami,” Griffin said. “It’s unquestionably true that we made the right choice.” He also took aim at states he views as unfriendly to businesses. “We want to be in a state that embraces business, that embraces education, that embraces personal freedom and liberty and that embraces people having an opportunity to live the American dream,” Griffin said. “Not a dream of redistributive handouts that leave people dependent on government for their lives and their livelihoods.” We wrote two weeks ago: "New York City is a global icon and the uncomfortable truth is this: the people Mamdani is turning into political props are the same ones writing the checks. And they have options." And now it looks as though Ken Griffin is exercising those options... Tyler Durden Wed, 05/06/2026 - 13:25
3 months agoCitadel founder Ken Griffin says New York City Mayor Zohran Mamdani has proven that he made the right choice in moving from Chicago to Miami. “What the mayor of New York has made clear to my partners, and principally my New York partners, is that we need to double down on our bet in Miami," Griffin said during an interview at the Milken Global Conference. He also wouldn't say if he's going to finish building a new tower in Manhattan at 350 Park Avenue. (Source: Bloomberg)
3 months agoKen Griffin said he plans to make Citadel’s Miami tower even bigger after New York Mayor Zohran Mamdani name-checked the billionaire in his pledge to charge taxes on second homes.
3 months ago
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