Vornado CEO Criticizes Mamdani’s ‘Tax the Rich’ Message, Urges Pro-Growth Policies

Steven Roth has urged the mayor to prioritize business climate, saying growth—not higher taxes—will best fund city ambitions and programs
Vornado CEO Criticizes Mamdani’s ‘Tax the Rich’ Message, Urges Pro-Growth Policies
Daryl and Steven Roth attend The 76th Annual Tony Awards at United Palace Theater in New York on June 11, 2023. Cindy Ord/Getty Images
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Vornado Realty Trust chief executive Steven Roth sharply criticized New York Mayor Zohran Mamdani over a viral video targeting Citadel CEO Ken Griffin, calling it “irresponsible and dangerous,” even as he signaled cautious support for the mayor’s broader leadership.

The remarks highlight rising tensions between city officials and major investors amid debate over proposed taxes on wealthy property owners and concerns about New York’s business climate.

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Nick Zaiac
Nick Zaiac
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