{"id":295,"date":"2026-06-22T21:41:46","date_gmt":"2026-06-22T21:41:46","guid":{"rendered":"https:\/\/businessrelocationdigest.com\/?p=295"},"modified":"2026-06-22T21:41:46","modified_gmt":"2026-06-22T21:41:46","slug":"speaker-julie-menin-is-quite-wealthy","status":"publish","type":"post","link":"https:\/\/businessrelocationdigest.com\/?p=295","title":{"rendered":"Speaker Julie Menin is quite wealthy"},"content":{"rendered":"
\n

New York City Mayor Zohran Mamdani still owns land in Uganda. New York City Public Advocate Jumaane Williams owned cryptocurrency. And New York City Council Speaker Julie Menin is still rich.\u00a0<\/p>\n

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New financial disclosures released by the city\u2019s Conflicts of Interest Board on Monday provide some new \u2013 though still quite limited \u2013 information about city elected officials\u2019 investments and other financial information.\u00a0<\/p>\n

The report does reveal that Menin is the beneficiary of two trusts, each with a value of $500,000 or more \u2013 something that hadn\u2019t been included in her disclosure for 2024. According to a spokesperson for the speaker\u2019s office, she\u2019d been instructed by the Office of General Counsel to \u201cfile an updated financial disclosure reflecting the reporting requirements around inheritance\u201d after the recent passing of her father. The amended filing also includes a variety of bonds from entities like the Metropolitan Transportation Authority, the Long Island Power Authority, the New York State Thruway Authority, the Port Authority of New York and New Jersey and the Triborough Bridge and Tunnel Authority. The reported value for each ranged from $5,000 to $55,000.\u00a0<\/p>\n

Menin also reported covering her own airfare and hotel fare for a trip she took to the Dominican Republic last summer with Catholic and Jewish faith leaders. She reported receiving one gift from that trip: Group dinners which District Council 37 Executive Director Henry Garrido paid a combined $100 for.<\/p>\n

Unlike Mayor Zohran Mamdani and some of her predecessors, Menin didn\u2019t release her personal tax return this year \u2013 a decision she said was based on the fact that there was no \u201cestablished precedent\u201d for speakers doing so. She\u2019s faced repeated scrutiny for her immense wealth, especially early in budget negotiations when the mayor pressured her to join his calls for Gov. Kathy Hochul to raise taxes on the rich. Beyond her late father\u2019s wealth, Menin\u2019s husband is the co-founder of a real estate development firm with business around the country.\u00a0<\/p>\n

The disclosure doesn\u2019t give a complete picture of her wealth. Elected officials are only required to disclose certain things like investments, gifts and stocks. The rules don\u2019t apply to officials\u2019 primary and secondary residences, the amount in their checking account, cars, or non-invested savings.\u00a0\u00a0<\/p>\n

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Mamdani\u2019s annual disclosure, also released on Monday, didn\u2019t hold much new insight. His report for 2025 largely matched that of 2024, though it noted an income bump in his rap career royalties (as previously reported in his tax return, he made $2,717 in foreign and domestic royalties last year) and confirmed that his 2025 mayoral transition committee paid for both his trip to the annual Somos conference in Puerto Rico and a trip to meet with President Donald Trump in Washington D.C.<\/p>\n

City Comptroller Mark Levine, who also hasn\u2019t released his tax return this year, disclosed in his latest COIB report a handful of investments including a retirement account worth between $100,000 and $250,000, as well as a mutual fund investment worth between $5,000 and $55,000, and an information technology exchange-traded fund worth between $1,000 and $5,000.<\/p>\n

New York City Public Advocate Jumaane Williams, who requested an extension on his taxes this year, reported a decline in his rental income on a Brooklyn home he owned following its foreclosure.\u00a0<\/p>\n

Williams, who was a vocal proponent of a proof-of-work cryptocurrency mining moratorium in 2022, also held between $1,000 and $5,000 in cryptocurrency, which first showed up on his COIB disclosure in 2024. A spokesperson said he chose to buy Ethereum because it is mined with a less environmentally demanding method, and he has since sold it.<\/p>\n

Read more Assembly incumbents get some financial support from leadership ahead of Democratic primaries<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

And other insights from Zohran Mamdani and other NYC elected officials\u2019 financial disclosures.<\/p>\n","protected":false},"author":1,"featured_media":294,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,20,92,45],"tags":[72,21,93,46],"class_list":["post-295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-julie-menin","category-new-york-city","category-politics","category-zohran-mamdani","tag-julie-menin","tag-new-york-city","tag-politics","tag-zohran-mamdani"],"yoast_head":"\nSpeaker Julie Menin is quite wealthy - Business Relocation Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/businessrelocationdigest.com\/?p=295\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speaker Julie Menin is quite wealthy - 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