How Kenneth Griffin became a billionaire

On this day, October 15 in the year 1968, one of the youngest billionaires in the hedge fund industry was born in Florida, United States. His name is Kenneth Cordele Griffin, the founder of Citadel Advisors. As of October, 2020, his net worth was $15 billion according to forbes.com.

Kenneth Griffin
Kenneth Griffin (Credit: forbes.com)

Kenneth Griffin was born and grew up in Boca Raton, Florida – a city known for its golf courses, park and beaches. He graduated from Harvard University with a degree in economics. As a high school student, he was selected as president of the school math club. As a college freshman, he installed a satellite in his dorm in order to receive up-to-date stock information. When he was only 19 years old, he collected $265,000 from friends and relatives to start his own fund.

In 1989, Kenneth Griffin started working for Chicago-based Glenwood Capital Investments of Frank Meyer who entrusted $1 million for him to invest. After one year, he earned an astounding 70% return. He went on to found Citadel Investment Group with the help of Frank Meyer. By the turn of the 21th century, Citadel was one of the top five hedge funds in the world.

Kenneth Griffin has here children. He married twice but he is now single after he divorced his second wife Anne Dias, founder of Aragon Global Management. Currently, Citadel manages over $34 billion in assets worldwide. He is an active member of the Chicago community and a generous donor to political candidates and organizations. He is also a passionate philanthropist having given large amount of money to hospitals and educational institutions including his alma mater Harvard University.

References
https://www.citadel.com/about-citadel/
https://www.forbes.com/profile/ken-griffin/
https://www.bloomberg.com/billionaires/profiles/kenneth-c-griffin/
http://www.chicagomag.com/Chicago-Magazine/June-2011/The-File-on-Citadels-Ken-Griffin/index.php?cparticle=1&siarticle=0#artanc

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