Ken Griffin Criticizes NYC Mayor's Proposed Pied-à-Terre Tax
Billionaire investor Ken Griffin has publicly criticized New York City Mayor Zohran Mamdani over a proposed tax on luxury second homes, known as the pied-à-terre tax. The conflict escalated after Mamdani released a video outside Griffin's $238 million Manhattan penthouse to promote the tax, which targets properties worth over $5 million. Griffin, speaking at the Milken Institute Global Conference, expressed his discontent, suggesting the tax sends a message that New York is unwelcoming to success. He announced plans to expand his investment firm Citadel in Miami instead of New York, citing the mayor's actions as a factor in his decision. 
