Hedge fund executive Ken Griffin announced he is meeting with New York Gov. Kathy Hochul on Thursday after New York City Mayor Zohran Mamdani singled him out while advocating for a new tax on luxury real estate.
Reuters reports Griffin, the founder and CEO of Citadel LLC, was angry over Mamdani’s citing him in an online video advocating for a new tax on second homes worth over $5 million. Hochul proposed the tax, and Mandani shot his video outside of the Central Park South property where Griffin paid $238 million for a penthouse, a record-breaking price for a US residence.
“I think the willingness of a mayor of New York to make this a policy debate a personal attack, just demonstrated a profound lack of judgment,” Griffin said during a Norges Bank Investment Management conference in Oslo.
Griffin stated his meeting with Hochul will discuss the city’s future direction while questioning the socialist agenda pushed by Mamdani.
“Is New York going to put their fiscal house in order and run itself from a position of strong government that’s pro-business?” he said. “Why do Americans think we can do socialism?”
Mamdani has not backed down for using Griffin and his city residence.
“In a political environment where there is always an attempt to describe any increase in taxes as if it would be one that would apply to all, we wanted to make very clear that this applies to a very select group of properties,” he said to reporters on Friday.
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