Citadel LLC, the American multinational hedge fund company, and CEO Ken Griffin are at the top of the news headlines with a record 16 billion US Dollars in profit in 2022. Since the company got founded in 1990, it has made a net gain of 65.9 billion US Dollars.
Griffin had made a prediction last year that the high inflation would force central banks around the world to tighten interest rates and was also concerned about the way the sanctions against Russia would impact the value of the dollar around the world.
Kenneth Griffin Bio
Kenneth Griffin is an entrepreneur, hedge fund manager, and investor from America. He is the founder, chief executive officer (CEO), and co-chief investment officer (co-CIO) of Citadel LLC, an American multinational hedge fund company.
He owns 80 percent of the company and is the owner of Citadel Securities, an American market-making firm. He is 54 years old.
Kenneth Griffin: Early Life And Background
Ken Griffin was born in Daytona Beach, Florida in 1968. He spent his boyhood in Boca Raton, Florida, Texas, and Wisconsin. He was born as the son of his father, a building supplies executive.
His father was also a project manager for General Electric, an American multinational conglomerate. He was the grandson of Genevieve Huebsch Gratz, his grandmother who had inherited an oil business, three farms, and a seed business.
Kenneth Griffin: Education
He completed his schooling in Boca Raton. He attended middle school in Boca Raton and high school in Boca Raton Community High School. In high school, he was the president of the math club.
As a high school student, he envisioned becoming a businessman or lawyer and advocated that the job market for computer programmers would have a fall in the coming years. During this time he ran EDCOM, a discount mail-order education software firm.
Ken Griffin pursued a bachelor’s degree in economics from Harvard University. He graduated in 1989.
Kenneth Griffin: Career
Ken Griffin’s first job was selling Franklin Mint collectibles. After graduation, he worked with Frank Meyer, the founder of Glenwood Capital Investments in Chicago. The latter allocated him 1 million US Dollars for trading and griffin made 70 percent in a single year.
In 1990 he launched Citadel LLC with a fund under the management of 4.6 million US Dollars, he was financially assisted by Meyer.
He launched Citadel Securities in the initial years of 2000.
Kenneth Griffin As A Philanthropist
Kenneth Griffin collaborated with Bill and Melinda Gates Foundation to promote charter schools in the U.S.
He made donations towards the fields such as education, poverty, arts, religion, and toward COVID -19.
His philanthropic activities and contributions include the 150 million US dollars donation to a financial aid program at Harvard University, 1 million us dollars to the Obama Foundation, 21.5 million US Dollars to the e Field Museum of Natural History, 125 million US Dollars to the Museum of Science and Industry, 15 million US Dollars to the Robin Hood Foundation, a charitable organization working to eradicate poverty in the New York City; 40 million US Dollars to the Museum of Modern Art in New York, 20 million US Dollars to the Norton Museum of Art, 43.2 million US Dollars to purchase an original copy of the U.S. Constitution, 11.5 million US Dollars to build a new chapel at the Fourth Presbyterian Church in Chicago, and 2.5 million US Dollars to support food services for children in Chicago Public Schools during the COVID-19 pandemic in 2020.
Citadel LLC
Citadel LLC is a multinational company from America focusing on the hedge fund industry. The company also provides financial services. It was founded 33 years ago in Chicago, Illinois, U.S., and is headquartered in the Southeast Financial Center in Miami, Florida, U.S.
Kenneth Griffin the founder is also the CEO and the co-CIO of the company. The other key people of the company are Pablo Salame, the co-CIO; Gerald A. Beeson, COO (Chief Operations Officer); and Ben Bernanke, the Senior Advisor.
As of May 2022, the company has more than 50 billion US Dollars worth of assets under management and more than 2,600 employees. Citadel LLC offers products such as market-making and alternative investments.
The funds managed by the company are from five different investment strategies such as commodities, credit, equities, fixed income, and quantitative strategies.
Kenneth Griffin In Politics:
Political Views And Contributions
Keneth Griffin’s political interests are invested in the Republican party. He supported Donald Trump, the former President of the United States of America.
Griffin jas made political contributions to candidates, parties, and organizations. He has also individually supported many candidates such as Sen. Kelly Ayotte, Sen. Susan Collins, Rep. Bruce Westerman, Sen. Dan Sullivan, and many others.
Must Read:- Four Relief Payments Of Up To $3,284 Coming To Americans By Spring
Kenneth Griffin: Personal Life
Kenneth Griffin has three children and he was married twice. His first wife was Katherine Weingartt, second wife was Anne Dias.
Kenneth Griffin: Net Worth
Kenneth Griffin has a net worth estimated at 32.2 billion US Dollars. He owns two private jets, a 9.5 million US Dollars worth 2001 Bombardier Global Express, and a 50 million US Dollars worth 2012 Bombardier Global 6000.
Griffin owns multiple personal residences worth more than 1 billion US Dollars.
Read More:- TurboTax: Everything You Need To Know!
