A heated feud has erupted between Citadel CEO Ken Griffin and New York City Mayor Zohran Mamdani after the mayor released a viral video outside Griffin's luxury penthouse, promoting a new tax on high-value second homes.
Griffin called the video 'creepy and weird,' accusing Mamdani of endangering him and making him a political target. In response, Griffin announced plans to 'double down' on Citadel's Miami expansion, suggesting New York's policies are hostile to success and warning of potential job and investment losses for the city. Prominent real estate figures and business leaders have also criticized Mamdani's approach, likening the 'tax the rich' rhetoric to hate speech and warning it could drive away economic contributors.
The controversy highlights growing tensions over wealth taxes and the future of business investment in New York City.
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