Ken Griffin is the CEO and founder of Citadel, a renowned global alternative management firm with, as of March 2015, about $25 billion in investment capital. The American hedge manager was born in 1968 in Daytona Beach, Florida.
After reading a Forbes’ finance magazine article during his freshman year at Harvard University, he started to invest. During the subsequent year at Harvard, he began a hedge fund focused on convertible bond arbitrage that was capitalized with $265, 000 from family and friends. Griffin founded Citadel in 1990. Due to his outstanding leadership SKILLS, Citadel had grown to a team of more than 100 employees and one billion US dollars in investment capital by 1998.A
In 2002, the authoritative CFO Magazine featured him among the one hundred most influential people in the finance world. His hard work and exceptional contribution to the society has also been acknowledged by the Forbes as well. As Citadel CEO, Griffin has appeared many times in the Forbes’ Forbes 400. In 2004, the influential magazine ranked Griffin as the eighth richest American under forty in the category of self-made individuals. In 2006, Forbes featured him as the fifth youngest of the seven members below 40 years of age listed on the Forbes 400. By 2007, Griffin had an estimated $3 billion and by 2014 $5.5, according to Forbes.
Kenneth Griffin is truly a successful investor. But that is not all that defines him. Griffin engages in various productive activities. He is an active art buyer and has devoted a lot of his precious time to the collection and patronage of art. In 1999, Griffin paid a record price of $60 million for Paul Cezanne’s painting curtains and other collections.
Apart from art collection, Griffin is actively involved in improving service delivery in many organizations by aggressively serving on various boards. He is currently serving on the Committee on Capital Markets Regulation and as a member of the G100, which is a popular network of 100 CEOs that focuses on creating strategies for improving the global economy. He was elected in 2014 to serve a five –year term on the University of Chicago’s Board of Trustees. Griffin is a member of many other organizations such as the Economic Club of Chicago, the Chicago Public Education Fund, and the Civic Committee of the Commercial Club of Chicago.
Also, Kenneth Griffin is a well-thought-of philanthropist. According to Chicago Tribune, by November 2014, he had donated approximately $500 million to support various causes. In October 2006, Griffin and others contributed both emotionally and financially to the opening of Woodlawn, a new charter school in Chicago. Through Citadel Group Foundation, he has made a significant contribution to the Art Institute of Chicago, Museum of Contemporary Art, and Robin Hood Foundation. In 2014, he donated $150 million to his Alma mater, Harvard University, to support needy undergraduate students. This donation caught the attention of the media and the university because it was the largest single gift in the history of Harvard University. The success of Griffin can only be associated with hard work.