CEO of Citadel Leads the Way in Business
Ken Griffin is a hedge fund manager born in Daytona Beach, Florida on October 15, 1968. Griffin is perhaps most well-known as the Chief Executive Officer of Citadel, one of the world’s most influential companies. Griffin himself is quite powerful, with a net worth of $6.6 billion as of May 2015 and 2014 Salary of $1.3 billion. Forbes listed him as the 12th most powerful hedge fund manager in 2012. All of this backed by the powerhouse Citadel.
Griffin of insidermonkey founded Citadel LLC in 1990. The company has two branches: Citadel, a world-leading company in asset management; and Citadel Securities. The second branch is a leader in the pack of market making companies. They handle trading products such as equities, equity options, and interest rate swaps. As of the time of writing, Citadel has a listed $26 billion in assets under management (AUM). Their newly formed third branch, Citadel Technology, gives solutions for investment management technology. One could say that Griffin built the entire company around giving solutions to traders.
Citadel is a rare hedge fund in that it lasted over 20 years. Only two other companies can compare to this lengthy an existence in the market. Citadel employs over 1,400 people. Their performance has been noted and contribute to the company’s widespread success. Its daily operations handle university endowments, pensions, and sovereign wealth funds. Citadel has offices all over North America, Europe, and Asia. Their base of operations is in Chicago, the city where Griffin resides.
Griffin graduated from the prestigious Harvard University in 1989. He obtained a Bachelor’s Degree in economics. While at school, Griffin discovered a Forbes article about investment. This urged him to begin his own company in his freshman year at Harvard. He was managing over $1 million in little over two years. Griffin is a regular contributor to his alma mater, backed by his $150 million donation to Harvard in 2014. Griffin also made an $11 million contribution to the Fourth Presbyterian Church of Chicago, where he is an active member, in their fund-raising to build a new chapel. He extends his philanthropic hand throughout the Chicago area in various civil and cultural institutions.
Griffin is an active member of the community and in the business world. He sits on the Board of Directors at the Chicago Public Education Fund. He is also a member of the Economic Club of Chicago, G100, and the Civic Committee of the Commercial Club of Chicago. Griffin brings to these projects the same drive and determination that made Citadel the industry-leading powerhouse that it has become.
While founding a company that netted you a $1.3 billion salary is enough to rest your laurels upon, Griffin has his eyes set on constant contribution to the industry and community around him. He is an active member of the political arena and has an art collection featuring some of the rarest items on the planet. Griffin has three children and splits his time between Chicago and Florida, where he purchased property to the effect of $130 million. Citadel continues to grow under Griffin’s watchful guidance.