Not long ago, Mamdani stood in front of a New York home owned by Ken Griffith, and promised to put the squeeze on him for his part-time residence. Soon afterward, he complained about his budget. Hey Zohan — it’s about to get MUCH worse.
Ken Griffin, head of one of America’s biggest hedge funds, is a well-known conservative donor. That would be the reason Mandani made a point of featuring HIS NYC address in a recent eat-the-rich video and not one of the liberal billionaires that helped get him elected.
Here is the relevant line from Mamdani’s video:
“This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million,” Mamdani said in a video announcing the new tax. —FoxBusiness
CNBC’s Sara Eisen was asking Ken Griffin questions in an interview at the Milken Institute Global Conference. She asked ‘where does that leave us at 350 Park’?
Ken Griffin says he’s scaling down in NYC:
“What the mayor of New York has made clear to us, is that we need to double down on Miami.”pic.twitter.com/7nmLCadNFU
— Geiger Capital (@Geiger_Capital)May 5, 2026
Seeing as $350 Park is a six BILLION dollar building project in NYC, that has been under consideration, but is not yet underway, the aggressive tone of an eat-the-rich Communist mayor is an important consideration to weigh before undertaking it.
“We are about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in Midtown New York,” Beeson wrote in an April 23 memo to employees.
Source: Clash Daily
