Ken Griffin belongs to the top league of the best-paid hedge-fund managers not just in America, but in the whole world. Born in Daytona, Florida in 1968, he is the founder and Chief Executive Officer of Citadel, a global known investment firm. With its investments being estimated at $25 billion, the firm belongs to the world’s biggest alternative management firms. Its group of hedge funds are ranked among the biggest and most successful in the world. In the year 2012, Griffin was identified by Forbes as one of the highest-earning hedge fund managers and also belonging to the Forbes 400 list.
As of May 2015, he had an estimated net worth of 6.6 billion and is well remembered for having donated $150 million in 2014 to his former alma mater, Harvard University to aid its students. His donation made history as being the biggest ever donation to be made to the institution by an individual by then. Totaled, his donations to the various organizations and charities have not been less than $500 million.
Ken Griffin on citadel can be described as a hedge fund manager who gets better with time. In 1986 while still a freshman at Harvard, he became interested in investing financially after reading an article on the Forbes Magazine. During the same year, he made his initial investment and by the time he was on his second year, he had started a hedge fund that focused on convertible arbitrage and that was capitalized by family and friends with around $265,000.
So as to get the best signals from the market, he went ahead and installed a satellite link to his dorm and the investment played a very critical role in ensuring that he did not get affected by the 1987 stock market crash. Owing to his early success, he was able to launch his second fund and within the two funds, he was managing not less than $1 million. In 1989, he graduated from Harvard with an Economics degree.
Soon after his graduation, he was identified by an investor who gave him $1 million to invest. To the investor’s surprise, he managed to make more than seventy percent return on the investment. In 1990, he founded Citadel with $4.6 million and eight years later, the company had managed to grow into $1 billion with around 100 employees.
After almost twenty years in the industry, he has received numerous accolades and awards and has made numerous appearances in Forbes 400, notably in 2003 when he was worth $650 million. When he was thirty-four years, he appeared on the list as being the youngest self-made individual. When he was thirty-five, Fortune Magazine ranked him as the eighth richest individual in the under-forty years category.
On top of Griffin receiving awards, his company has also received awards such as the best in the Top Ten Great Workplaces in the Financial Category and he was credited with implementing a work culture that was collaborative and by providing perks to employees. Griffin is also a well-known art enthusiast who buys the most rare pieces.