How rich is Ken Griffin?
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Ken Griffin Net Worth, Wiki & Biography in 2017
Kenneth C. Griffin was born on the 15th October 1968, in Daytona Beach, Florida, USA. He is a businessman, perhaps best known for being the founder and CEO of his own hedge fund company named Citadel LLC, one of the largest companies in the world. He is also recognized as a philanthropist. His career has been active since the early 1990s.
Have you ever wondered how rich is Ken Griffin? Forbes has estimated that Ken’s net worth is currently over $6.5 billion, as of early 2016. Obviously, all his wealth is being accumulated during his working life in the business industry.
Ken Griffin Net Worth $6.5 Million
Ken Griffin was raised in Boca Raton, Florida, where he attended Boca Raton Community High School. He then enrolled at Harvard University to study Economics, and became interested in business during this time, and soon after his career began while he was still there, starting a hedge fund based on convertible bond arbitrage, and in no time collected $265,000 from his friends and family. He then installed a satellite link to his dorm to acquire real-time market data. Expanding his business, Ken’s net worth reached $1 million by the time he graduated, following which, in 1989 Ken’s career was boosted by Frank C. Meyer who entrusted him $1 million of investments, and according to reports, Frank made a 70 % return on the investment.
In 1990, Ken started his second company, Citadel LLC a global investment firm, based in Chicago, Illinois which now has over $25 billion in capital, making it the main source of his net worth. To speak further of his accomplishments as a businessman, eight years after starting the Citadel, the company reached $1 billion in worth and had 100 employees. It continued to operate with success until 2008, when it was struck by the financial crisis. However, during the company’s golden years, Ken earned numerous recognitions and awards. In 2003 he was named in the Forbes 400 list as the youngest to reach a net worth of $560 million, and a year before that, he was included in CFO’s Magazine Global 100, as one of the most influential people in the business industry. Furthermore, Fortune magazine put him on the list as the eighth richest American under 40 in the self-made millionaire category, and in 2006 he was fifth on the list on the Forbes 400 list under 40 years of age.
Ken is also a board member of companies and education facilities such as G100, which is a network of 100 CEO’s whose main goal is solving global economic problems, and he is also a part of the Committee on Capital Markets Regulation.
Additional to all this, Ken is a major art collector, and he sits on the Board of Trustees for the Art Institute of Chicago, the Museum of Contemporary Art and the Whitney Museum of American Art, and is also on the board of trustees of the University of Chicago, as of 2014, which is expected to last for five years. Beside that, Ken is a vice-chairman of the Chicago Public Education Fund, and he has established his own foundation named “Citadel Group Foundation”.
Regarding his personal life, Ken Griffin was in a marriage with Anne Dias-Griffin, the founder of Aragon Global Management, from July 2004 to October 2015; they have three children. Ken’s current residence is in Chicago, Illinois, where he is a member of the Fourth Presbyterian Church.
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