Billionaire Investors Sound Alarm, Urge Retreat from NYC Amid Political Turmoil

Billionaire investor Kevin O’Leary and real estate mogul Grant Cardone have issued stark warnings to businesses, advising them to flee New York City.

This exodus plea follows Judge Arthur Engoron’s controversial ruling, which penalized former President Donald Trump with a hefty fine and barred him from conducting business in the state.

Cardone emphasized the potential risks posed by Engoron’s decision, cautioning against investments in NYC and urging entrepreneurs to consider alternative markets like Florida, Texas, and Arizona. The verdict, labeled as politically motivated, threatens to destabilize the city’s real estate sector, prompting concerns among investors about future uncertainties.