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Home»Politics»Billionaires of the world, unite!
Politics

Billionaires of the world, unite!

May 5, 2026No Comments12 Mins Read
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CEO of Vornado Realty Trust Steve Roth (right) scorned New York City Mayor Zohran Mamdani's efforts to tax the rich in a Tuesday earnings call.
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DAYS THE BUDGET IS LATE: 35

VORNADO CHIEF SLAMS MAMDANI: Billionaire real estate magnate Steve Roth is standing strong with fellow billionaire Ken Griffin in his spat with Mayor Zohran Mamdani.

Instead of being singled out and scorned in viral videos, Roth, CEO of Vornado Realty Trust, thinks the ultra-rich should be “praised and thanked,” and said calls to tax them more are akin to some racial slurs.

“I must say that I consider the phrase tax the rich — quote tax the rich — when spit out with anger and contempt by politicians both here and across the country, to be just as hateful as some disgusting racial slurs, and even the phrase ‘from the river to the sea,’” Roth said, referring to the controversial rallying cry used by pro-Palestinian activists, during a Tuesday earnings call.

Roth decried Mamdani’s social media video on the proposed pied-à-terre tax — in which the mayor used Griffin’s $238 million second-home as a backdrop — as “irresponsible and dangerous.” Griffin, CEO of the hedge fund Citadel, was offended by the video, and according to The Wall Street Journal, his chief operating officer suggested Citadel may pause its $6 billion plan to develop a Midtown office tower with Vornado and Rudin Management.

“We are all shocked that our young mayor would pull this stunt in front of Ken’s home and single him out for ridicule,” said Roth, who brought up the “blunder” unprompted before launching into a six-minute rant about the mayor.

On the planned office redevelopment at 350 Park Avenue, Roth said “it’s a good bet that we will go all in.” But he added that “this fence cannot be mended by a short, terse, insincere private apology.”

City Hall did not immediately return a request for comment. Mamdani ran on a pledge to raise taxes on corporations and the wealthiest New Yorkers, but Gov. Kathy Hochul has resisted that push — save for the pied-à-terre tax.

Griffin further blasted Mamdani at a conference Tuesday while voicing fears the video could spark political violence, noting the CEO of United Healthcare was “killed just a few blocks from my house.”

Roth on Tuesday stressed the significant contributions of the city’s wealthiest residents to its tax base and said these members of the so-called one-percent are “not enemies” and are “at the top of the great American economic pyramid for a reason.”

Roth, who donated generously to Mamdani’s opponent — former Gov. Andrew Cuomo — in last year’s election, went on to ponder: “Maybe we can draft Ken to become active and lead an effort to educate New York voters and to elect right-minded candidates.”

For now, he wants the city’s democratic socialist mayor — who, he allowed, is “young, smart and energetic” — to be friendlier to billionaires.

“What I beg my mayor to do is to begin every day being business-welcoming and business-friendly as his first priority,” Roth said. “That’s the only way to get the growth and financial wherewithal to accomplish his programs, some of which I must say are interesting and valid.” — Janaki Chadha

From the Capitol

New poll shows Rockland County Legislator Beth Davidson leading the race for the Democratic primary to replace Republican Rep. Mike Lawler.

CHECKING IN ON LAWLER LAND: The crowded and competitive Democratic primary to replace Republican Rep. Mike Lawler just got a pulse check — and the out-of-district military vet who’s wooed party insiders with her compelling biography has some ground to make up.

A new poll of likely Democratic primary voters commissioned by left-leaning underdog Effie Phillips-Staley shows Rockland County Legislator Beth Davidson leading the pack with 26 percent of the vote, an 11-point lead over Cait Conley, who served in the Army for 16 years and netted 15 percent of the vote. Still, 48 percent of those polled were undecided.

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The poll was shared with Playbook and first reported in left-leaning outlet Zeteo. It was conducted by the left-leaning firm Data for Progress from April 17 to 24, about a week after former Briarcliff Manor Mayor Peter Chatzky dropped out of the race. The survey has a margin of error of plus-or-minus 5 percentage points, and respondents were quizzed online and via text.

“This Democratic primary clown car keeps producing surprises, but Conley’s flameout might be the biggest yet,” Lawler’s campaign manager Ciro Riccardi said in a statement to Playbook.

But beyond NY-17, the poll also provided some interesting tea leaves for Democrats weighing where to land on one of the most contentious issues ahead of the midterms: the conflict in the Middle East. Even in this suburban, heavily-Jewish congressional district outside New York City, Israel is increasingly unpopular with Democratic voters.

The poll found 44 percent of Democratic voters sympathize more with Palestinians than Israelis, with 18 percent favoring the Jewish state. Twenty-three percent of respondents sympathized with both equally and 11 percent sympathized with neither.

And if that wasn’t surprising enough, Mamdani is so far not proving to be the political pain point for swing district Democrats that Republicans had hoped. In the hills of Rockland and Westchester counties, Mamdani has an 80 percent favorability rating with Democratic voters, with just 16 percent of respondents viewing him unfavorably, per the poll.

In the survey’s initial polling question on the primary, Phillips-Staley trailed behind Conley and Davidson at 8 percent. But after respondents were flooded with messaging on her opponents, Phillips-Staley’s support jumped to 31 points, just above .

The poll also tested negative messaging on Phillips-Staley, including the fact that she apparently “owns stocks in casino companies, defense contractors, and other industries that profit off the backs of working Americans,” according to one of the messages tested in the poll. — Jason Beeferman

NOT FONDA THIS IDEA: Actress and activist Jane Fonda is weighing into the politics of the Northeast Supply Enhancement pipeline.

The Williams Co. project, which was boosted by the Trump administration last month during a ceremonial groundbreaking event, would deliver fracked gas from Pennsylvania to New York City and Long Island. Despite rejecting water quality permits for the project in prior years, both New York and New Jersey awarded those permits last November, sparking ire from environmentalists. Advocacy groups sued both states over the about-face.

On Wednesday, the New Jersey Tidelands Resource Council will consider awarding a permit to the pipeline project. It is unclear what the project’s fate will be if the council does not approve the permit.

“You have the opportunity to exercise leadership on this issue that will resonate all over the United States,” Fonda wrote in a letter to Sherrill this week.

“If the pipeline is rejected by the Tidelands Resource Council, that rejection will be a giant victory for New Jersey’s environment and the world’s climate,” the letter later added.

A spokesperson for Sherrill declined to comment on the letter.

While Sherrill, like Hochul, supports an all-of-the-above approach to energy policy, Hochul has cited affordability concerns in her defense of the Department of Environmental Conservation’s decision to issue the water quality certification, arguing that she needs to “govern in reality” amid skyrocketing bills and the Trump administration’s antipathy to renewables.

Sherrill, while also focused on affordability, is in a tough spot as the pipeline would not deliver any energy to New Jersey. She has not weighed in on the project since taking office, but she criticized the pipeline while she was governor-elect for doing “nothing to lower electric bills for New Jersey residents.” — Mona Zhang

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FROM CITY HALL

Carl Wilson, the former chief of staff to Council District 3's Erik Bottcher, won the April special election to succeed Bottcher.

IT’S IN THE BAG: Carl Wilson was officially crowned the winner of a high-stakes City Council race today after ranked-choice tabulations put him more than 2,000 votes ahead of Lindsey Boylan, his closest competitor whose defeat is seen as a black eye for Mamdani.

Wilson’s victory was already all but certain after Election Day on April 28, as he trounced Boylan by a wide margin in early ballot returns.

But since no candidate secured a simple majority in the April 28 results, the city Board of Elections needed to run ranked-choice tallies.

Those tabulations, released by the board this afternoon, show Wilson won after three rounds of ranked choice tallying with 7,863 ballots, or 59.4 percent of the vote total.

That put him well ahead of Boylan, who netted 5,373 ballots, or 40.6 percent of the vote total, the ranked-choice tallies show. The other two candidates in the special election for the 3rd Council District, Layla Law-Gisiko and Leslie Boghosian Murphy, were eliminated in the third and second ranked-choice rounds, respectively.

“This victory belongs to all of us,” Wilson said in a statement after the release of the ranked-choice results. “From the start, this was a true grassroots effort powered by neighbors, volunteers, unions and supporters who showed up day after day. We build something real together, and these results reflect that.”

Last week’s special election was called because former Council Member Erik Bottcher, who used to count Wilson as his Council chief of staff, vacated his seat after being elected to the state Senate in February.

After initially being seen as a shoo-in for Wilson, the race was scrambled in mid-April when Mamdani endorsed Boylan, a onetime adviser to former Gov. Andrew Cuomo who became the first woman to accuse him of sexual misconduct in 2020 (Cuomo has denied the accusations). Mamdani’s move made the race the first true test of his endorsement power since his inauguration and created a proxy war between him and more moderate Democrats backing Wilson, including Council Speaker Julie Menin.

Read the story from Chris Sommerfeldt in POLITICO Pro. 

ACCESS DENIED: The city’s Department of Investigation released a report today outlining several ways its oversight of the Administration for Children’s Services is stymied by both state law and a state agency, leaving the municipal watchdog unable to properly probe some of the most sensitive work done in government.

The problem is twofold.

First, a provision in state law prohibits investigators from accessing ACS records of unfounded accusations of child abuse or maltreatment. A second provision ices out the department if a case is put into a deferral program that avoids a full-blown investigation of a caretaker.

Often, that is the very information investigators need to draw a conclusion in instances where children are harmed.

“If there is a history of unfounded investigations by ACS, we’re unable to go back and look and see: Were these investigations conducted properly? Was there some misconduct? Was there a home visit that a caseworker said they did but never actually did?” DOI’s newly installed commissioner, Nadia Shihata, said in an interview. “We can’t look into it because we can’t even access the records.”

The rules can have tragic consequences: In 2025, DOI was prohibited from accessing the full case history in 17 out of 18 child deaths it was notified of. In 2024, it was denied full records in 13 out of 16 child fatalities. And the year before that, the same thing happened in 19 out of 25 cases, according to the department.

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The state Office of Child and Family Services at times can present its own roadblocks. State law requires DOI to obtain authorization from that office before receiving nearly any type of record relating to children who have encountered ACS, placing a drag on inquiries. And DOI has found the state office often goes above and beyond what the statutes lay out, excessively delaying or limiting records in a way that limits DOI’s ability to investigate potential shortfalls in city service delivery.

“What we want to look into affects the most vulnerable children in the city,” said Shihata, who noted the department is supporting state legislation that would alter the rules and allow DOI more access. “It’s frustrating.”

The state countered that limitations on data sharing exist to protect the children involved but that it cooperates with DOI to the extent it can. Spokesperson Daniel Marans noted investigators are entitled to full records in criminal cases via law enforcement bodies and can obtain unredacted files with permission from the affected family.

“OCFS is deeply committed to the wellbeing of children and families and takes seriously its obligation under New York State law to protect the identities of children experiencing abuse and maltreatment or institutionalization,” Marans said in a statement. — Joe Anuta

FROM THE CAMPAIGN TRAIL

Darializa Avila Chevalier is challenging incumbent Rep. Adriano Espaillat for New York's 13th congressional district.

FIRST IN PLAYBOOK: Progressive organizer Darializa Avila Chevalier is homing in on Spanish-speaking voters as she vies to unseat Democratic Rep. Adriano Espaillat in next month’s primary.

Avila Chevalier’s campaign is going up with its first broadcast ad of the primary, backed by an initial buy of more than $165,000. The Spanish-language spot leans into an issue that Democrats have been using in primaries across the country to activate their base: Immigration and Customs Enforcement.

In the spot, Avila Chevalier touts her work to release people detained by ICE, and vows to abolish the agency in Congress. She also takes a swipe at Espaillat, whom she claims aided President Donald Trump by funding ICE — a reference to votes he took in line with many other Democrats approving DHS funding.

During the latest DHS funding standoff, Espaillat was adamant about not providing funding for immigration enforcement without guardrails.

Hispanic residents make up around half of Espaillat’s district, which covers parts of Manhattan and the Bronx, according to Census data. The five-term incumbent is chair of the Congressional Hispanic Caucus.

Avila Chevalier, who is backed by the city chapter of the Democratic Socialists of America, is running to Espaillat’s left and looking to harness the progressive energy that got Mamdani elected last year. The mayor has not endorsed in this race. — Madison Fernandez

IN OTHER NEWS

— ‘NOT MY BOSS’: Brooklyn police captain James Wilson has been transferred following a video capturing him trashing Mamdani at the scene of anti-immigration enforcement protests. (Gothamist)

— JUDGE OF CHARACTER: The opaque, party-controlled and patronage-driven system that selects and assigns New York City judges raises concerns about accountability and persistent abuses. (Hell Gate)

— GETTING SQUEEZED: New York’s budget woes are forcing upstate cities to implement government layoffs and service cuts as officials say state and federal funding are not meeting rising costs. (Syracuse.com)

Missed this morning’s New York Playbook? We forgive you. Read it here.

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