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\u2018The Big Money Show\u2019 panel breaks down President Donald Trump\u2019s and New York City Mayor Zohran Mamdani\u2019s speeches marking America\u2019s 250th birthday and comments on the rise of far-left politics.<\/p>\n
Citadel founder and CEO Ken Griffin took direct aim at rising socialist sentiment in America, telling progressive politicians to “read a damn history book” while warning that high taxes and poor public services are driving Wall Street out of blue states.<\/p>\n
Speaking at a Goldman Sachs symposium, the billionaire hedge fund manager detailed how he believes \u00a0fiscal mismanagement in cities like New York is accelerating a financial migration toward business-friendly hubs in Florida and Texas, according to audio obtained exclusively by Fortune.<\/p>\n
“I believe Citadel will be a principal player in financial services for far longer than [New York City Mayor Zohran Mamdani] will be mayor,” Griffin said according to Fortune. “We intend to be here for decades. And he will be here for a few years.”<\/p>\n
“How have we ended up with so many 20- and 30-year-olds who actually think socialism is the path to prosperity?” Griffin asked, while noting World Bank data showing that when China shifted toward free-market policies, it lifted roughly 800 million people out of poverty over a 40-year period.<\/p>\n
A BILLIONAIRE’S BACKING \u2013 AND LIFELONG LOVE OF SOCCER \u2013 HELPED BRING MAURICIO POCHETTINO TO TEAM U.S.A.<\/p>\n
“It\u2019s the greatest success story in the history of humanity,” he continued, saying that “whether it\u2019s Bernie Sanders, whether it\u2019s Mamdani,” to “read a damn history book for once and then tell us how to run our country.”<\/p>\n
Citadel CEO and founder Ken Griffin at the Semafor World Economy Summit meetings in Washington, DC, on Tuesday, April 14, 2026. (Getty Images)<\/p>\n
Griffin’s comments come after similar remarks he made at the World Economic Forum in Davos, Switzerland, earlier this year. The CEO has also publicly criticized Mamdani over taxes, wealth distribution, and the city’s business climate, as well as a viral advertisement that called out Griffin’s New York City penthouse.<\/p>\n
Shortly after the pandemic, Citadel relocated its headquarters to Miami, where the firm is constructing a 1.7 million-square-foot office tower in the city’s downtown financial district.<\/p>\n
During the Goldman Sachs symposium, Griffin also questioned the corporate hype surrounding artificial intelligence, arguing that companies often confuse genuine technological advances with marketing buzzwords.<\/p>\n
FOX Business Madison Alworth reports on Citadel CEO Ken Griffin reaffirming plans to move his firm to Miami from New York City, driven by a desire for a state that embraces business on ‘Varney & Co.’<\/p>\n
At a dinner with top CEOs “about two years ago,” Griffin said many executives were enthusiastic about artificial intelligence, but he was skeptical.<\/p>\n
“I couldn\u2019t help myself. I\u2019m like, \u2018Let\u2019s go around the table and share stories about how AI is transforming your business,\u2019 \u2026 not one involved AI.”<\/p>\n
“There is a technological revolution happening, of which AI is a component of the story,” he told Goldman Sachs executive Ashok Varadhan Mahajan, “but it\u2019s just a piece.”<\/p>\n
Griffin also warned that a Chinese blockade of Taiwan would trigger an immediate economic shock in the United States by cutting off access to Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, and shrinking the U.S. economy by an estimated 8% within six months.<\/p>\n
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Maria Bartiromo and Gordon Chang discuss China’s discovery of security vulnerabilities in Anthropic’s Claude AI model. This flaw allows sensitive data transfer without user approval.<\/p>\n
“As an American I get frustrated by this,” he said. “Simply put, we go into a Great Depression in the blink of an eye. Unlike any we\u2019ve seen before\u2026 everything freezes.”<\/p>\n
Citadel did not immediately respond to Fox News Digital\u2019s request for comment.<\/p>\n
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#Griffin #tells #socialists #read #damn #history #book #Wall #Street #flees<\/p>\n","protected":false},"excerpt":{"rendered":"
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