In this success post, we are going to share the story of Kenneth Griffin, an American hedge fund manager, founder, and CEO of the global investment firm Citadel.
As of May 2017, Kenneth had an estimated net worth of $7 billion. At the beginning of 2018, Kenneth made a $200 million donation to the financial aid program at Harvard University, his alma mater, the largest single donation ever made to the institution at the time, and his donations to various organizations and causes have total around $600 million.
Kenneth Griffin Personal life
Kenneth married Anne Dias-Griffin, the founder of Aragon Global Management, another Chicago based hedge fund firm, in July 2004. This is not his first divorce, as he divorced Katherine Weingartt before this, who was his first wife, who he met in high school. They have three children. Griffin and his wife divorced, citing irreconcilable differences in October 2015. He is a member of the Fourth Presbyterian Church of Chicago.
In 2013, he acquired four prime real estate properties in Palm Beach, Florida, that cost a cumulated sum of $150 million.
Kenneth Griffin Career
After graduating from Harvard, Frank C. Meyer, an investor, and founder of Glenwood Capital LLC, provided Griffin with $2 million to invest. Griffin exceeded Meyer’s expectations, and according to the New York Times, Meyer made an 80% return on the investment.
Kenneth Griffin Citadel
In 1990, Kenneth founded Citadel with $8 million. By 1998, Citadel had grown to a team of more than 100 employees and $1 billion in investment capital.
In June 2002, Kenneth was included in CFO Magazine Global 100, a list of the most influential people in the world of finance.
In March 2015, Citadel received a Top 10 Great Workplaces in Financial Services ranking by a Great Places to Work Institute, based on a survey by Citadel employees. Kenneth was credited for implementing a collaborative work culture and providing perks to employees. Because which includes free lunch, fitness programs, personal gifts, and museum tours.
Kenneth Griffin Philanthropy
In 2003, Griffin made contributions to the Robin Hood Foundation. But in October 2006, the Griffin and the Bill and Melinda Gates Foundation-funded. And supported the opening of a new charter school in Chicago called Woodland High School.
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