Kenneth Griffin is one of the most successful business leaders in the United States and is very much a self-made man. He is currently the CEO and founder of the super successful investment firm known as Citadel, which has an estimated $25 billion in global investments. Griffin is consistently ranked at or near the top of highest earning hedge fund managers. As of May 2015 his estimated worth was $6.6 billion.
Turtletrader Ken Griffin hails from Daytona Beach, Florida. He was a successful student and graduated from Harvard University in 1989 with his degree in economics. While at Harvard he developed a passion for investing that was soon paying him massive dividends. During his freshman year, he started to invest, and in his sophomore year he began his first hedge fund that focused primarily on convertible bond arbitrage. He soon had a satellite link to his dorm room installed so he could get real-time market data.
Success usually breeds more success; he opened up his second fund and between the two funds he was managing over $1 million in assets before he graduated from Harvard. After he graduated, Frank Meyer, a founder of Glenwood Capital gave Griffin $1 million to invest, and according to the New York Times Griffin was able to give him a whopping 70% return of his investment.
Griffin went on to found Citadel in 1990 with $4.6 million and by 1998 he was managing over a billion dollars in capital. His genius with financial markets is well-known and he is now considered a leading authority on financial markets.
He is also a celebrated philanthropist and has donated $500 million dollars to various organizations, including the largest gift ever made to Harvard University, a staggering $150 million.
The art world loves Ken Griffin, and he loves art. He is a prodigious collector and patron of the arts. He is reported to have spent $60 million for a Paul Cezanne painting, Curtain, Jug and Fruit Bowl. He is also a collector of the great artist Jasper Johns and donated $19 million dollars to the Art Institute of Chicago for an addition designed by the designer Renzo Piano to be built.
Greatness was destined to be Ken Griffin’s. Since his university days, he has shown over and over again that making money is his talent. Along with that talent, he has given to numerous charities and supported the arts. May the future continue to be a prosperous one for Griffin and for all the artists and charities he so diligently helps.