# Fears mount that Mayor Zohran Mamdani’s policies will accelerate the Empire State's nation-leading loss of wealth.

*business · news · 2026-05-08 · New York Post*

## Key points

- Citadel's Ken Griffin and Apollo's Marc Rowan plan to expand operations outside New York City.
- Andrew Murstein launched 'Operation Boomerang' with $1 million to bring businesses back to NYC.
- Texas now surpasses New York in financial sector employment, with 519,000 versus 507,000 workers.
- Wall Street bonuses fell short of the 15% growth projected in Mamdani's 2026 city budget proposal.
- JPMorgan Chase has more employees in Texas than in New York for the first time.

**Companies:** Citadel, Apollo Global Management, JPMorgan Chase, Medallion Financial Corp
**Countries:** United States

[Read the full story on New York Post](https://nypost.com/2026/05/08/us-news/ny-leaders-desperately-try-to-stop-billionaire-bigs-from-fleeing-city-over-mamdani/)

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