Apollo CEO FINNALY Responds To Mayor Mamdani After RELOCATING HQ To Austin Texas!

Wall Street Giant APOLLO Chooses Texas Over New York — 1,000 Jobs Could Leave NYC One of Wall Street's most powerful investment firms has made a decision that could reshape the future of New York's financial industry. Apollo Global Management, a firm overseeing nearly $900 billion in assets, has officially chosen Austin, Texas for its second headquarters. Why? According to Apollo, New York no longer has a monopoly on talent—and most of the company's future growth will happen somewhere else. Now, as Mayor Zohran Mamdani pushes higher taxes on corporations and high-income earners, many are asking whether New York is driving away the very businesses that helped build its economy. This isn't just a story about one investment firm. It's about whether Wall Street is beginning one of the biggest geographic shifts in its history. 📉 The numbers behind the story: • Apollo Global Management oversees approximately $900 billion in assets • The company's new Austin headquarters is expected to eventually employ around 1,000 people • Apollo stated that most of its future growth will occur outside New York at its second headquarters • More than 150 financial firms managing nearly $1 trillion in combined assets relocated their headquarters out of New York between 2020 and 2023 • Texas now employs more people in the financial sector than New York, reflecting a broader shift in the industry 💬 Join the conversation Do you think Apollo made the right decision by expanding to Texas? Or will New York remain the financial capital of America despite more firms moving operations elsewhere? Share your thoughts in the comments below. 👍 Like this video if you enjoy in-depth reporting on business, Wall Street, economics, and public policy. 📌 Subscribe for more stories about Apollo Global Management, Marc Rowan, Zohran Mamdani, Wall Street, New York City, Austin, Texas, business relocations, corporate news, and the changing American economy. 🔔 Turn on notifications so you never miss an update.