Billionaire Ken Griffin says NYC Mayor Zohran Mamdani "put me in ...
Billionaire Ken Griffin says being New York City Mayor Zohran Mamdani's poster boy for a tax-the-rich campaign put his life in danger.
www.cbsnews.comHere’s the latest I can verify for you based on the most recent reporting I can access:
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There has been a public feud between NYC Mayor Zohran Mamdani and hedge-fund billionaire Ken Griffin centered on tax policy and development in New York City. Reports indicate Mamdani publicly pressed for higher taxes on the ultra-wealthy (including a pied-à-terre tax concept) and used Griffin as a high-profile example, which Griffin says has put him in harm’s way and questioned the mayor’s tactics. These exchanges spiked around early May 2026, with Mamdani saying he had reached out to business leaders across the city and was awaiting responses from Griffin, among others.[3][4][5]
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Coverage from local and national outlets shows Griffin reacting negatively to Mamdani’s public statements and tax proposals, arguing the rhetoric jeopardizes business conditions and personal safety, while Mamdani’s camp defends the push as necessary revenue measures for city services and growth.[4][7]
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There were public back-and-forths in May 2026, including video publicity and media appearances, and some outlets reported Griffin calling for an apology or expressing concern about safety, while Mamdani continued to frame the policy dispute within broader city-finance goals and equity aims.[7][8][4]
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In late May 2026, Mamdani acknowledged not yet receiving a direct response from Griffin to his outreach, but he indicated ongoing efforts to engage with business leaders to advance his five-borough development agenda.[3]
If you’d like, I can:
- Summarize the key claims from each side with direct quotes.
- Track any new developments as they surface, and compile a timeline.
- Provide a brief explainer on what a pied-à-terre tax is and how similar proposals have fared in other cities.
Would you like me to pull in more sources or focus on a specific aspect of this dispute?
Note: The above reflects recent reporting on this topic from May 2026. If you want the exact sources and quotes, I can list them with citations.