Kenneth Cordele Griffin is an American hedge fund manager, business owner, and investor who was born on October 15, 1968. He is the organization’s founder, chief executive officer, co-chief investment officer, and 80% owner of global hedge fund Citadel LLC. One of the biggest market makers in the US, Citadel Securities, is another company he owns.
Griffin was listed as the 53rd richest person in the United States on the Forbes 400 list in 2022, with an estimated net worth of $27.2 billion.
Facts about Ken Griffin:
|Full Name||Kenneth Cordele Griffin|
|Birth Date||15 October 1968|
|Birth Place||Daytona Beach, Florida, United States|
|Nick Name||Not found|
|Father’s Name||Not found|
|Mother’s Name||Not found|
|Profession||Hedge fund manager, entrepreneur and investor|
|Wife/Husband/Boyfriend/Girlfriend (Name)||Not found|
|Net Worth||$28 million|
Ken Griffin’s Net worth:
American businessman Ken Griffin has a USD 28 billion net worth. Griffin is the CEO of Citadel, a hedge fund that manages more than $35 billion in assets.
The Chicago-based organization uses five main strategies: credit, commodities, stocks, fixed income and macro, and quantitative techniques. He also started the international market-making company Citadel Securities.
Ken Griffin Early Life
On October 15, 1968, Ken Griffin was born in Daytona Beach, Florida. Griffin ultimately earned a degree from Harvard University. He started trading while still in college, and by the time he graduated, he had made a million dollars.
Ken Griffin’s Career
In 1990, he then established Citadel LLC, his hedge fund organization. Throughout the 1990s and the beginning of the 2000s, the business enjoyed tremendous success, and Mr. Griffin began to frequently show up on Forbes and Fortune’s lists of the wealthiest Americans. Both his company and the majority of his investments suffered in 2008. In 2008, he lost over a billion dollars in net worth, while his fund lost $9 billion. Eventually, though, he was able to bounce back, and now he has more than $35 billion under management and is back to where he was before the recession.
Ken has been under fire and open hatred from some novice investors because of his electronic trading company, Citadel Securities. These criticisms can be linked to the alleged “meme stocks,” which gained enormous popularity at the beginning of 2020. On the trading platform Robinhood, many of these meme stocks, including AMC and GameStop, were being bought and traded.
Late in January 2020, while GameStop’s stock price skyrocketed, Robinhood briefly changed the trading restrictions on those meme stocks only to allow SELLing. The buy button was eliminated. Critics assert that Citadel pressured Robinhood to impose those trading limitations due to the pricing’s rapid fluctuations. Due to the restriction, investors could only sell when the price was declining, which resulted in some people suffering financial losses.
He works for a hedge fund and is a significant art collector as well. He invested $500 million in 2016 to buy two works of art, one by Jackson Pollack and the other by Willem de Kooning.
Ken Griffin’s Family Background
Griffin, a construction materials executive’s son, was born in 1968 in Daytona Beach, Florida. Also, Griffin’s father had a variety of professions, including managing projects for General Electric. So, Genevieve Huebsch Gratz, Griffin’s grandmother, received three farms, an oil company, and a seed company as inheritances.
Griffin was born in Wisconsin, spent some time in Texas, and was raised in Boca Raton, Florida.
Ken Griffin’s relationship status
Katherine Weingartt, his high school sweetheart, served as Griffin’s first wife. In 1996, the couple got a divorce So, Griffin and Anne Dias-Griffin met in March 2002 after a mutual acquaintance put them on a blind date.
She is a French-born Harvard Business School graduate who formerly worked at Goldman Sachs, Soros Fund Management, and Viking Global Investors before founding Chicago-based Aragon Global Management, a $55 million company. So, the couple has three kids after getting married in July 2003.
Griffin filed for divorce from his second wife in Cook County, Illinois, in July 2014, citing “irreconcilable disagreements.” So, the prenuptial agreement the couple signed outlined how their assets would be divided in the case of a divorce. Dias-So, Griffin agreed to a prenuptial agreement.
At the start of their marriage, Dias-Griffin received $22.5 million, and she also received an additional $1 million every year. So, she received $37 million in cash payments throughout the marriage and a 50% share of their three-story Chicago penthouse. So, she stated in court documents that the prenuptial agreement was coerced upon her. Also, she added that Ken Griffin didn’t have permission to access the penthouse in Chicago. So, he purportedly prohibited her entry into houses in Hawaii, Miami, Colorado, and New York. Dias-Griffin sought $1 million in child support payments each month in later court documents, including $300,000 for private jet flights, $160,000 for vacation rentals, and $60,000 for office space and personnel.
Griffin alleged that Dias-Griffin was attempting to pay for her “opulent lifestyle” with child support. She asked for $450,000 in the divorce to take their three kids on a 10-day trip to St. Barts during winter break. Griffin turned down her request but was willing to fork over $45,000 for a winter getaway. Just hours before a public trial over the prenuptial agreement was scheduled, the couple reached an out-of-court divorce arrangement in October 2015. Griffin purchased his wife’s interest in their Chicago penthouse for $11.75 million as part of their divorce settlement.  He and his ex-wife continue to share custody of their children.
Ken Griffin’s Background in Education
He attended Boca Raton Middle School before transferring to Boca Raton Community High School, where he served as the math club president. So, beginning in the fall of 1986, Griffin enrolled at Harvard College.
Ken Griffin’s net worth is?
He has a net worth of $28 million.
When did Ken Griffin hit the billion-dollar mark?
His investment portfolio made 43% in 1991 and 40% in 1992. Griffin established Citadel Securities, a market maker, in the early 2000s. So, Griffin, 34 years old at the time and with an estimated net worth of $650 million, was the youngest person on the Forbes 400.
Ken Griffin’s sources of income?
Griffin created Citadel Advisors, a hedge fund company, in 1990 and has made much of his fortune managing it. So, as of 2022, it was working on $51 billion in assets, according to a Bloomberg News story. Griffin’s investments in Citadel funds are presumably worth around $8.9 billion.
What action took Ken Griffin?
In 1990, Griffin established the Citadel hedge fund in Chicago. It became one of the most effective alternative investment vehicles for affluent individuals and organizations.