We did the math on Ken Griffin's pied-à-terre tax bill
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2 Articles
We did the math on Ken Griffin's pied-à-terre tax bill
Ken Griffin has found himself at the center of Zohran Mamdani's campaign to tax the rich.Fabrice COFFRINI / AFP via Getty Images; Lev Radin/Pacific Press/LightRocket via Getty ImagesNew York City's pied-à-terre tax has officially passed.The new levy is set to impact several well known billionaires, including Ken Griffin.Here's how much the Citadel CEO, who has found himself in Mayor Zohran Mamdani's crosshairs, will owe.New York officials rolled…
Last month, New York City Mayor Zohran Mamdani filmed a video openly defying a newly proposed "pied-a-terre" tax—just a fancy name for a larger property tax, this time targeting the city's high-end homes. In the video, the mayor specifically mentioned "the penthouse apartment that hedge fund CEO Ken Griffin purchased for $238 million."
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