Kenneth C. Griffin is an American hedge fund manager, entrepreneur and investor.
He was born on October 15, 1968, in Daytona Beach, Florida, and attended Harvard University, where he majored in economics and graduated in 1989.
Griffin is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund with over $60 billion in assets under management.
He also founded Citadel Securities, a global market-making business.
Griffin is known for his philanthropy, having donated nearly $2 billion to various non-profit organizations, including the University of Chicago and Ann & Robert Lurie Children’s Hospital.
He is also an avid art collector, with a collection that includes works by Willem de Kooning, Jackson Pollock and Paul Cézanne among others.
In 2021, Griffin made headlines when he spent $43.2 million on a rare copy of the U.S. Constitution, outbidding ConstitutionDAO, a coalition of some 17,000 people, who had collectively promised more than $40 million to purchase it.
What is Kenneth Griffin’s net worth?
Griffin’s net worth is estimated to be $35 billion.
He is the founder, CEO and co-CIO of Citadel LLC, a hedge fund with over $60 billion in assets under management.
Griffin is also the founder of Citadel Securities, a global market-making business.
He has been included in Forbes’s list of the United States’ Most Generous Givers, having donated nearly $2 billion to various charitable causes, primarily in education, economic mobility and medical research.
How did Kenneth Griffin get so rich?
Griffin amassed his wealth through his successful career as a hedge fund manager, entrepreneur and investor.
He founded Citadel in 1990, and it has generated more than $28 billion in profits with an average annual return of 20% for his clients.
In addition to Citadel, Griffin also founded Citadel Securities, a global market-making business, which has contributed to his financial success.
Also, his investment style has been characterized by his ability to generate substantial returns for his clients.
Griffin has demonstrated a keen understanding of financial markets and has made strategic investment decisions that have contributed to his wealth.
On the flip side, he is an avid art collector and has made significant investments in art, including purchasing major artworks such as a Willem de Kooning painting for $300 million and a rare copy of the U.S. Constitution for $43.2 million.
Griffin’s success has also enabled him to engage in philanthropy, donating substantial amounts to various charitable causes, primarily in education, economic mobility and medical research.
His entrepreneurial acumen, investment expertise, and strategic decision-making have been instrumental in his accumulation of wealth, making him one of the richest individuals in the world.
What is Citadel LLC and what does it do?
Citadel LLC is an American multinational hedge fund and financial services company founded in 1990 by Kenneth Griffin.
The company has over $62 billion in assets under management as of December 2022 and more than 2,600 employees.
Citadel LLC is headquartered in Miami, Florida, and has offices throughout North America, Asia, and Europe.
Griffin is the founder, CEO, co-chief investment officer and 85% owner of the firm.
Citadel LLC is known for its hedge fund business, which invests in a wide range of assets, including equities, fixed income, commodities and currencies.
The company also has a market-making business, Citadel Securities, which provides liquidity across fixed income, equities, derivatives, ETFs, and FX markets.
Citadel Securities is a leading global quantitative trading and market-making firm that serves a wide range of clients, including leading institutions and broker-dealers.
Citadel LLC also has a technology affiliate, Citadel Technology, which offers investment management technology to a wide range of firms and funds.
How much money do you need to invest with Citadel?
According to Smart Asset, the minimum investment required to invest in one of Citadel’s funds is $10 million.
However, the minimum investment varies depending on the fund, and it can be as low as EUR 10,000 for some funds.
It is important to note that these minimum investment requirements are subject to change, and it is recommended to check with Citadel directly to confirm the minimum investment requirements for the fund you are interested in.