Story perspectives

Mayor Proposes Luxury Property Tax, Griffin Calls Personal Attack

5/3/2026

Summary

Story summary

Mayor Zohran Mamdani thanked billionaire Ken Griffin for funding a police memorial wall and thanked Police Commissioner Jessica Tisch.
Mayor Zohran Mamdani proposed a tax on luxury properties over $5 million, citing billionaire Ken Griffin’s $238 million penthouse and a $180 000 racial wealth gap as justification.
Billionaire Ken Griffin called the tax a personal attack at the 2026 Conference in Oslo, saying he could reconsider a Midtown Manhattan development.

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Story summary

Mayor Zohran Mamdani thanked billionaire Ken Griffin for funding a police memorial wall and thanked Police Commissioner Jessica Tisch.
Mayor Zohran Mamdani proposed a tax on luxury properties over $5 million, citing billionaire Ken Griffin’s $238 million penthouse and a $180 000 racial wealth gap as justification.
Billionaire Ken Griffin called the tax a personal attack at the 2026 Conference in Oslo, saying he could reconsider a Midtown Manhattan development.