Hedge fund executive Ken Griffin is expanding the office space for the Miami headquarters of his Citadel LLC operations after New York City Mayor Zohran Mamdani shot an online video outside of Griffin’s Manhattan residence highlighting a proposed “tax the rich” scheme.
In an interview with CNBC, Griffin stated that Mamdani’s video was the inspiration for him to focus on Miami instead of New York City.
“In reaction to New York, we filed the permit with the city of Miami,” he said. “We have added several hundred thousand square feet of new space in our new building. We will add far more jobs in Miami over the next decade as an immediate and direct consequence of the mayor’s poor decision here with respect to his posting of that video.”
Griffin said he needed to watch the Mamdani video twice because he couldn’t believe what he saw during the first viewing. He also accused the Democratic Socialist mayor of exposing him to physical harm.
“You know, he seems to have forgotten that the CEO of another American company was assassinated just blocks from where I live in New York,” he said, referring to the 2024 murder of UnitedHealthcare CEO Brian Thompson. “And to put any citizen in harm’s way is just inappropriate for one of our political leaders. I have no longstanding fights or issues or dynamics between Mamdani and me. To turn me into a political puppet was just in poor taste, really poor taste.”
Griffin noted the $6 billion investment his company was making in the creation of a new office tower in the city, adding, “We probably will go through with the building when it’s all said and done, but I got to tell you, it’s a real topic of debate.”
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