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Well-Known Angler
Ken Griffin vows to 'double down' on Miami move, says NYC 'doesn't welcome success'
Billionaire Ken Griffin reaffirmed Citadel's move to Miami at the Milken Conference, citing his feud with NYC Mayor Zohran Mamdani over tax policy changes.
Billionaire and Citadel CEO Ken Griffin repeated his company's intentions to "double down" on moving to Miami in the wake of his feud with New York City Mayor Zohran Mamdani.
"When we moved from Chicago, there was a debate between New York and Miami," Griffin said at the 2026 Milken Institute Conference on Tuesday. "It's unquestionably true that we made the right choice. I'll leave it at that."
Griffin was responding to Mamdani's viral Tax Day video, which singled out Griffin's Manhattan penthouse while announcing a new pied-à-terre tax.
"Now what the mayor of New York has made clear to my partners, and principally my New York partners, is that we need to double down on our bet in Miami because we want to be in a state that embraces business, embraces education, embraces personal freedom and liberty," he said. "And that embraces people having an opportunity to live the American dream, a dream of earned success, not a dream of distributive handouts that leave people dependent on government for their lives and their livelihoods in a way that takes away their dignity and honor."
"We've seen a mass exodus of business leadership from California to Texas and Florida. Mamdani's making it very clear. New York doesn't welcome success," Griffin added.
Please, please take it all to Miami! Smart for you and all of your employees.
Employees would see an automatic "pay raise" of let's say 10% to almost 15% just on reduced taxes alone!!!