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Home Depot cofounder Ken Langone: ‘New York is on the verge of making a monumental mistake’

October 29, 2025
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Home Depot cofounder Ken Langone: ‘New York is on the verge of making a monumental mistake’
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Home Depot co-founder Ken Langone
Langone made the comments at Goldman Sachs’ 10,000 Small Businesses Summit.

John Lamparski/Getty Images

  • Ken Langone appeared to take a jab at NYC mayoral frontrunner Zohran Mamdani on Wednesday.
  • He said New York risks a “monumental mistake,” and is one of many billionaires who oppose Mamdani.
  • Langone also had one pointed word of advice for people who have issues with America overall.

Home Depot cofounder Ken Langone doesn’t seem to be looking forward to next Tuesday.

Langone took a not-so-subtle shot at New York City mayoral frontrunner Zohran Mamdani while speaking at Goldman Sachs’ 10,000 Small Businesses Conference in Washington, DC, on Wednesday.”New York is on the verge of making a monumental mistake,” Langone, a Long Island native, said when asked about capitalism.Many business leaders and billionaires have expressed concerns about Mamdani’s likely victory in the November 4 election, and some have poured hundreds of thousands into trying to stop him from moving into Gracie Mansion. (There is, however, a contingent of Wall Street employees throwing their money behind Mamdani.)

The 90-year-old called himself “an unabashed, devout lover of capitalism” minutes after his comments about New York; Mamdani describes himself as a Democratic Socialist. Langone is worth $9.3 billion, according to Forbes; Mamdani has previously said that billionaires shouldn’t exist. Representatives for Mamdani did not respond to Business Insider’s request for comment.Though Langone criticized New York City’s potential electoral decision next week, he had choice words for those who take issue with the country overall.”I have a simple recommendation for anyone who has problems with America,” Langone said. “Why don’t you leave?” He added that he’s “sick and tired of people bitching and complaining.”

Langone is a prominent conservative donor and said that he’s “sold on Trump” in an interview over the summer. He has, however, criticized some tariffs and had previously rolled back some of his support for the president after the Capitol riot on January 6, 2021.

Read the original article on Business Insider

The post Home Depot cofounder Ken Langone: ‘New York is on the verge of making a monumental mistake’ appeared first on Business Insider.

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