𝐀𝐏𝐎𝐋𝐋𝐎 𝐄𝐘𝐄𝐒 𝐓𝐇𝐄 𝐄𝐗𝐈𝐓 𝐀𝐒 𝐌𝐀𝐌𝐃𝐀𝐍𝐈 𝐃𝐄𝐂𝐋𝐀𝐑𝐄𝐒 𝐖𝐀𝐑 𝐎𝐍 𝐖𝐀𝐋𝐋 𝐒𝐓𝐑𝐄𝐄𝐓 Apollo Global Management — a $𝟗𝟎𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 asset manager — is plotting a second U.S. headquarters in the Sunbelt as New York’s democratic socialist mayor pushes to soak big business with tax hikes to plug a $𝟓.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐮𝐝𝐠𝐞𝐭 𝐡𝐨𝐥𝐞. Leaders have already polled partners and managing directors on where they’d rather relocate their families and bonuses: 𝐓𝐞𝐱𝐚𝐬 𝐨𝐫 𝐅𝐥𝐨𝐫𝐢𝐝𝐚. Both have zero state income tax. Steve Fulop, president and CEO of the Partnership for New York City, framed it bluntly: “𝘛𝘩𝘦 𝘳𝘦𝘢𝘭𝘪𝘵𝘺 𝘪𝘴 𝘵𝘩𝘢𝘵 𝘺𝘰𝘶 𝘤𝘢𝘯’𝘵 𝘱𝘳𝘰𝘱𝘰𝘴𝘦 𝘣𝘶𝘥𝘨𝘦𝘵 𝘢𝘧𝘵𝘦𝘳 𝘣𝘶𝘥𝘨𝘦𝘵 𝘵𝘩𝘢𝘵 𝘷𝘪𝘭𝘪𝘧𝘪𝘦𝘴 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦𝘯 𝘣𝘦 𝘴𝘶𝘳𝘱𝘳𝘪𝘴𝘦𝘥 𝘸𝘩𝘦𝘯 𝘵𝘩𝘦𝘺 𝘥𝘦𝘤𝘪𝘥𝘦 𝘵𝘰 𝘨𝘰 𝘴𝘰𝘮𝘦𝘸𝘩𝘦𝘳𝘦 𝘦𝘭𝘴𝘦.” Apollo isn’t just opening a satellite office. According to a statement from the firm, 𝐦𝐨𝐬𝐭 𝐟𝐮𝐭𝐮𝐫𝐞 𝐡𝐢𝐫𝐢𝐧𝐠 𝐰𝐢𝐥𝐥 𝐡𝐚𝐩𝐩𝐞𝐧 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐞𝐜𝐨𝐧𝐝 𝐡𝐮𝐛 — not Manhattan. That’s not hedging. That’s a company telling New York it’s already lost the next generation of jobs. Florida has already poached heavyweights like 𝐂𝐢𝐭𝐚𝐝𝐞𝐥 𝐚𝐧𝐝 𝐄𝐥𝐥𝐢𝐨𝐭𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭. Goldman Sachs and JPMorgan are building out in Texas. The pattern is unmistakable — and Mamdani is accelerating it. He’s pushed Governor Hochul and the state legislature to hike corporate taxes and raise rates on the wealthy. When Albany didn’t move fast enough, he threatened homeowners with a 𝟗.𝟓% 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐭𝐚𝐱 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 — a plan that arrived dead on arrival because even the City Council wouldn’t back it. Meanwhile, Hizzoner was coy last week about how his administration plans to deliver on $𝟏.𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐩𝐫𝐨𝐦𝐢𝐬𝐞𝐝 𝐬𝐚𝐯𝐢𝐧𝐠𝐬, telling New Yorkers they might have to wait until the executive budget drops in late April to see anything concrete. Translation: he has no plan. Fulop’s closer was the sharpest line in the piece: “𝘛𝘩𝘦 𝘤𝘳𝘰𝘸𝘥 𝘵𝘩𝘢𝘵 𝘬𝘦𝘦𝘱𝘴 𝘥𝘢𝘳𝘪𝘯𝘨 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘵𝘰 𝘭𝘦𝘢𝘷𝘦 𝘴𝘩𝘰𝘶𝘭𝘥 𝘵𝘳𝘦𝘢𝘵 𝘵𝘩𝘪𝘴 𝘢𝘴 𝘢 𝘧𝘭𝘢𝘴𝘩𝘪𝘯𝘨 𝘸𝘢𝘳𝘯𝘪𝘯𝘨 𝘴𝘪𝘨𝘯. 𝘞𝘩𝘦𝘯 𝘫𝘰𝘣𝘴 𝘨𝘰, 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘨𝘰𝘦𝘴 𝘢𝘴 𝘸𝘦𝘭𝘭 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘢𝘧𝘧𝘰𝘳𝘥𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘱𝘳𝘰𝘣𝘭𝘦𝘮 𝘨𝘦𝘵𝘴 𝘸𝘰𝘳𝘴𝘦.” 𝐘𝐨𝐮 𝐜𝐚𝐧’𝐭 𝐭𝐚𝐱 𝐰𝐡𝐚𝐭 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐥𝐞𝐟𝐭. nypost.com/2026/03/29/us-…
