“Shark Tank” star and famous investor Kevin O’Leary announced that he will halt all future investment activities in New York, calling it a “loser state” due to its political climate and legal persecution against former President Trump.
O'Leary is now turning his attention to states like Oklahoma, North Dakota, West Virginia, Florida and Texas for his future business ventures.
O'Leary's comment came on the heels of Judge Arthur Engoron's ruling in New York Attorney General Letitia James' fraud case against President Trump. O'Leary, who has been vocal about his investment philosophy, sees this as a turning point for his investment strategies and perhaps for the investment strategies of others.
During an interview with Fox Business, O'Leary expressed frustration with New York's anti-corporate and anti-investor policies.
“I can't go to New York, so I'm going to Oklahoma, North Dakota, West Virginia. Governor Stitt, Kevin Stitt. His staff has met with him. Governor Burgum, same thing. Those are the winning states. They're not doing things from “This kind,” stressing his decision to redirect billions of dollars in investments towards more business-friendly countries.
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JUST IN: ⚠️ Trump's persecution continues, and Shark Tank mogul Kevin O'Leary has finished investing in New York State..
“I would never invest in New York now! And I'm not the only one saying that!”
pic.twitter.com/rIvD5ygM7W https://t.co/KsFoybWAvH– Chuck Callesto (@ChuckCallesto) February 19, 2024
O'Leary first made the announcement on The Gateway Pundit during an exclusive interview with Jordan Konradson.
Speaking to The Gateway Pundit's Jordan Conradson, O'Leary expressed his frustration and urged companies to avoid states like New York, Massachusetts and New Jersey, all of which he classifies as “loser states” due to their policies, high taxes and poor governance. .
O'Leary focuses on states he considers “winners,” such as North Dakota, Oklahoma, West Virginia, Florida and Texas, whose appeal he attributes to superior governance and pro-business policies.
“I don't do business in New York because it's a losing state. It has bad politics, high taxes, poorly run, and it does that kind of thing. That's a losing state, Massachusetts is a losing state, New Jersey is a losing state. I do business in places like North Dakota Oklahoma, West Virginia, Florida and Texas. “These are the winning states,” O'Leary said.
“I, as an investor, don't want to reward poor management and crazy politics by investing in them. So, I'm just saying, I'm just one investor. We should throw our weight behind good management and winning countries and let people understand why they are living in losing countries because they appointed managers.” Bad people. And when it's election time, appoint good managers, so you won't be a losing state anymore. Because New York, with this decision, is now my first losing state. It was California, but they just won the first ticket. New York first, California second. He added that they are two very losing countries.
This announcement will be a big problem for New York, which has been struggling to retain its business community during the pandemic, closing all businesses and causing a mass exodus to states with more favorable tax and regulatory environments.
“I made an individual decision as an investor, and I'm very honest about it. I want to support winning states, winning governors, winning senators who understand the importance of all 11 S&P sectors and build an environment, a platform where we can go and risk capital in their state.” “And create jobs and have stable politics. New York is not one of those. It was the worst. It was number two, and now it's number one.”
“I think as investors I'm just one investor, but I only want to support those countries that have good policy. I don't care if they're red or blue. It has nothing to do with it.”
Read more below:
Exclusive: “New York Becomes No. 1 Losing State” – Kevin O’Leary Talks to The Gateway Pundit After New York Judge’s “Assault on Every Entrepreneur in America”
