BlackRock CEO Larry Fink 'worried' about NYC under Mamdani, floats investing elsewhere under weaker conditions

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. New York leaders, including Mayor Zoran Mamdani and Governor Kathy Hochul, are facing a significant wealth exodus as Democratic tax policies escalate. Scott Singer, former Mayor of Boca Raton, Florida, highlights that high taxes in New York are causing job creators and capital to flee to states like Florida, where economic growth is valued over punitive taxation. ASPEN, COLORADO — BlackRock CEO Larry Fink expressed concern about the future of New York City under its democratic socialist Mayor Zohran Mamdani, suggesting he'd do business elsewhere under "weaker" conditions. "I'm worried about New York," Fink said Tuesday at the Aspen Institute's Ideas Festival. Fink, who told CNN host Fareed Zakaria that he hadn't spoken with Mamdani since he was only mayor-elect, cited what he called a "great statistic" showing that 47% of the taxes that go into New Y