Founder and CEO of the Citadel LLC., which includes investments and hedge funds, is Ken Griffin, but the word that best describes him is philanthropist. Mr. Ken Griffin has an entire portfolio of organizations and worthy causes that he supports, such as Chicago’s civic and cultural institutions. Charter Education and many other areas of education. He is a member of the Board of Trustees for the Art Institute of Chicago, the Whitney Museum, the University of Chicago and the Museum of Contemporary Art. He is a Republican and is not afraid to donate to those politicians. The total of all his donations so far is approximately $500 million.
Kenneth Griffin is an Expert at Investments and Hedge Funds
Last year, Mr. Ken Griffin on wsj donated $150 million to his alma mater Harvard University, and to date, that is the largest donation ever made to that institution. So, you might ask, how does Mr. Griffith find time to lead and manage the international investment firm that he started over 20 years ago?
The answer is that he makes the time and he does it very well. Citadel claims a net worth of $6.6 billion this year and Ken takes a yearly salary of $130 million. His expert management and consultation in hedge funds and other investments has gained him an incredible reputation worldwide.
Childhood, College and the Citadel
Ken Griffith was born on October 15, 1968, and he grew up in Daytona Beach, Florida, which is known as the World’s Most Famous Beach. This seems an unlikely place for a financial entrepreneur to grow up, but from the start he was dedicated to making money. He attended Harvard University and received a BA degree in Economics. While he was at the University, living in the dorms, he used his computer, TV satellite and fax machine to set up a small investment firm, so he could trade in his room.
This was a small venture, but that innovative concept led him to meet Frank C. Meyer, an investor and founder of Glenwood Capital LLC. Mr. Meyer was impressed by what he heard, and when Ken graduated in 1989, he invested $1 million into the beginnings of the Citadel, Kenneth’s dream company. The Citadel was founded in 1990, and with Ken Griffin’s Midas touch, it has prospered ever since.
The Citadel is Super Successful
With more than 1,350 members worldwide who work within the Citadel, Mr. Griffith has grabbed the coattails of his dream and is riding victoriously. These expert investment brokers are trading at the top of the market, and their advice follows right in line with the recommendations of Mr. Griffith.
Today, Mr. Griffith is #89 in Forbes list of the 400 richest people in America; he rose up from last year 11 places. Mr. Griffith has nowhere to go but higher and as the Citadel takes in more investors, Ken Griffith’s success continues. He is then able to donate more to his charities, politicians and other worthy funds.