The company grew rapidly, and within just 8 years, had $1 billion in investment capital and an army of over 100 employees. [77][95][96][97][83], In a 2012 interview with the Chicago Tribune, Griffin said that the rich actually have too little influence in politics. Griffin, founder and CEO of the Chicago-based hedge fund Citadel, has been assembling waterfront land on the exclusive island, as well as in Palm Beach. [76] The couple married in July 2003[18] and had three children. Last year the index fell 4.4 percent. The Renaissance Institutional Equities Fund returned 8.52 percent last year, the first time in six years it failed to produce a return in the double digits. He is also a huge art aficionado, having amassed an impressive contemporary art collection, including works by Jasper Johns, De Kooning and Jackson Pollock. Geffen has one of the most expensive private art collections in the world, estimated to be worth around $2.3 billion as of 2018 by Whitewalls, an art industry website. The Richest Person In Americas 50 Largest Cities, RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, Wednesday, March 1. Griffin, who runs. Griffin owns a 17-acre space, nearly empty lot on South Ocean Boulevard, also known as West Palms Billionaires Row. According to the New York Post, his neighbors there include notorious Wall Street bigwigs like Stephen A. Schwarzman, Paul Tudor Jones II, and Steven Schonfeld. The macro maven tops this years Rich List after his flagship Pure Alpha macro strategy posted a 14.6 percent gain, its best performance since 2011. Given that Griffin was already managing $1 million in assets before hed even graduated university, itll be little surprise to most to learn hes one of the worlds richest men. [77][83] She also claimed that Ken Griffin had no right to enter the Chicago penthouse. The condo was delivered as "raw space" so that Griffin could build it out to his liking. The area, which Curbed called where the 1% of the 1% summer, is one of the most expensive addresses in the county and even has its own helipad to help vacationers reach their mansions even faster. A year after graduating, Griffin founded Citadel Investment Group with the proceeds of his previous investments (which by then had managed to return a staggering $4.6 million). How to Protect Your Brand with Consistent Marketing Standards. The firm posted much stronger results in 2018 than in the previous year despite the widespread losses suffered by the equity markets. Chicago person spotted a 72-foot Princess Yacht appropriately named "Moar Theta" on Lake Michigan this weekend. Some companies then came out with Mayo called Ken's Mayo and Kenny's Mayo. [181][182] In court filings, Simonson said that he first befriended Mr. Griffin in 1982 as a computer salesman. [122], In 2017, he contributed $20 million to the campaign of Governor of Illinois Bruce Rauner. Your IP: He was Forbes youngest-ever self-made millionaire, 13. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. ", "Griffin divorce negotiations no surprise to experts", "Citadel's Griffin Outlines Terms of Prenuptial Agreement in Divorce Fight", "Citadel's Ken Griffin Settles Divorce Case", "Citadel founder's divorce battle over property gets uglier", "What Billionaires Really Spend Each Month", "Hedge Fund Billionaire Ken Griffin Settles Contentious Divorce", "Anne Griffin Seeks to Void Prenuptial Agreement With Ken Griffin", "Ken Griffin asks court to set trial date for divorce", "Billionaire's estranged wife allegedly demands 24/7 private jet", "Anne Dias Griffin reveals days leading to prenup", "Citadel's Kenneth Griffin settles divorce case", "Ken Griffin pays ex-wife $11.75 million for Park Tower penthouse", "Top 25 hedge fund managers earned $13bn in 2015 more than some nations", "Ken Griffin interview: Billionaire talks politics and money", "It's tougher to get a job at Citadel than to get into Harvard, says CEO Ken Griffin", "Ken Griffin, McDonald's among targets at Fight for $15's Chicago protests", "Trump's First 100 Days Get a Warm Embrace from Ken Griffin", "Chicago billionaire Ken Griffin named finance chair for Rick Scott's super PAC", "Hedge fund billionaire Ken Griffin slams Trump for Fed criticism", "Hedge-fund heavyweight Ken Griffin fears Trump knocks on Fed eroding faith in dollar", "Jay Powell Can Always Go Work For Ken Griffin If This Fed Chair Thing Doesn't Work Out", "Trump asks absent hedge fund billionaire Ken Griffin to stand at trade signing", "At White House ceremony, President Trump calls out for no-show Chicago billionaire Ken Griffin: 'Where the hell is he? In an interview with Bloomberg last year, Siegel elaborated on that thinking. Both were bought by hedge fund billionaire Ken Griffin. Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. [135], Citadel gave $800,000 to Janet Yellen for speaking fees. [8], Griffin grew up in Boca Raton, Florida, with some time in Texas, and Wisconsin. [66], Griffin is a member of the Fourth Presbyterian Church of Chicago, where he was married. Bruce Rauner's campaign record $20 million", "Ken Griffin gives big to help Susan Collins in Maine", "Coalition To Stop The Proposed Tax Hike Amendment", "One billionaire's 'Fair Tax' is another's 'catastrophic constitutional amendment' Griffin-Pritzker checkbook rumble rages on", "Billionaire Ken Griffin drops extra $26.7M against Pritzker's graduated-rate income tax amendment proposal. He is the wealthiest person in the entertainment industry, according to Business Insider. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Ken Griffin Yacht Griffin has luxurious yachts which He uses for recreation purposes. [118], Griffin has made political donations to conservative political candidates, parties, and organizations such as American Crossroads and the Republican Governors Association. Who cares? [67], Griffin oversaw a $2 million donation from Citadel and Citadel Securities to Weill Cornell Medicine to help to fund the development of new ways to protect people from COVID-19 and to identify new cases of the illness. According to the suit, Griffin struck a deal with a prominent Chicago investor in the late 1980s. DO IT. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [177], In 2020, Griffin purchased several properties on Star Island in Miami Beach for a total of $95 million. He is also an ambitious philanthropist, having given away more than $700 million to date. Last year the Brevan Howard Master Fund rose 14.2 percent, its strongest performance since 2009. Gavin Newsom (D) blocked the move. Griffin owns a 2001 Bombardier Global. Ken Griffin Palm Beach Griffin has purchased a $99 million Palm Beach estate to bring his total Palm Beach holdings up to $350 million. Yacht prices in Quebec. Advertisement . [29], In November 2020, according to Bloomberg News, Griffin's net worth surpassed $20 billion due to an increase the value of Citadel, of which Griffin's stake was worth $11.2 billion. Could you use a trading floor?, the NYT quoted Greene. JUST. Hes made financial contributions to both major parties, 7. [63][147] His portfolio is valued at close to $800 million and includes several paintings on the list of most expensive paintings. In 2017, Geffen announced a $150 million donation to the Los Angeles County Museum of Art its largest-ever gift to help build a new building that would be called the David Geffen Galleries.. Earlier this month, Griffin set a Miami record by purchasing a waterfront compound for $109 million. Greene also spent tens of millions on failed U.S. Senate and gubernatorial Demoractic primary runs in Florida. Shaw. [156], In 2019, Griffin purchased 3 Carlton Gardens, a Georgian mansion in London for $122 million. The 3.7-acre property, which boasts 8 bedrooms and occupies an enviable position on Palm Beach, represents the second-biggest property deal in the city to date. [9] The fund launched in time to profit from short positions on Black Monday (1987). Griffins interest in investing was piqued after reading a Forbes magazine article on the subject during his freshman year at Harvard. However, they rebounded with a 62% return in 2009. He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987.. [46][47], In 2014, he was elected to a five-year term on the University of Chicago's board of trustees. From Major Applewhite To Ken Whisenhunt, Many Former Head Coaches Have Worked Under Nick Saban At Alabama, Citadels $16 Billion Gain In 2022 Makes Ken Griffins Flagship The Top-Earning Hedge Fund Ever, Daily Dozen | Forbes: Billionaire Cheese King Prevails; Nuclear Fusion Breakthrough; Pickleball Investing Wave, Billionaire Ken Griffin Sues IRS Over Leak Exposing Taxes Paid By 25 Richest Americans, Elon Musks Twitter Buyout Was A Billion Dollar Windfall For These 13 Hedge Funds, One Of The Only Original U.S. Constitution Copies Still In Private Hands Is Up For Sale, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Ken Griffin, the billionaire founder of Citadel, recently made headlines after news emerged that he'd added a $99 million beach house in Florida to his already considerable property empire. [116][117], In a 2012 interview, Griffin said that people should be able to make unlimited contributions to politicians, but that these contributions should be public. [151][152], In 2017, Griffin reportedly purchased Andy Warhol's 1964 painting Orange Marilyn privately for around $200 million, In June 2020, Griffin purchased Boy and Dog in a Johnnypump (1982) by Jean-Michel Basquiat for over $100 million. By moving his primary residence from Chicago to Florida, the business magnate would benefit from a much lower tax rate. After enjoying a sustained period of growth, the company was again shaken when the 2008 financial crisis hit. [156][160][161], In 2013 and 2015, Griffin purchased homes in Aspen, Colorado for $10 million and $12.8 million respectively. The purchase broke the record for the most expensive sale in Chicago's history. He has not run D.E. Odeys bearishness has not wavered to the detriment of Odey European. Times Syndication Service. 2023 Forbes Media LLC. [180], In June 2006, Rush E. Simonson, claiming to be Griffin's mentor, filed a fraud case (2006-L-005997) against Griffin, alleging that he was entitled to a percentage of the profits of Citadel for creating a computer program upon which Citadel was founded. [125], In 2020, Griffin donated $20 million to the Coalition To Stop The Proposed Tax Hike Amendment, a group opposing the Illinois Fair Tax in its 2020 referendum. The 3.7-acre property, which boasts 8 bedrooms and occupies an enviable position on Palm Beach, represents the second-biggest property deal in the city to date. 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