Business executive and finance bigwig Ken Griffin was born in 1968, at Daytona Beach, Florida. He later attended the prestigious Harvard University where his passion for business started manifesting. It is while in the second year that he began investing. He drew his inspiration from insights in the Forbes magazine articles. He began with a hedge fund focused on convertible bond arbitrage. He also got assistance when raising the capital for the hedge fund from family and friends. Later on, after graduating, Kenneth was given a total of $1 million by Meyer C. Frank, the founder of Glenwood Capital, for investment. Meyer’s faith in Griffin paid off handsomely since he made handsome returns on investment. It is according to the New York Times. The achievement laid a foundation for a take-off in Kenneth’s career.
Having realized his potential, Griffin decided to start a company, Citadel on turtletrader.com. It is a global investment firm with an estimated value of $25 billion. The company’s group of hedge funds is ranked among the largest and most successful hedge funds in the world today, and Griffin is among the highest earning managers. This is according to the Forbes magazine.
As of May 2015, Kenneth Griffin was estimated to be worth $6.6 billion. He is not only a business executive, but a philanthropist who has widely donated funds channeled at enhancing other people’s lives. A good example is when he gave $150 million to aid financially constrained students at Harvard University, and for research and development. In total, he has given over $500 million in donations to various organizations across the US and the world. All these funds serve a sole purpose of bettering lives. He also funded and supported the opening of a new charter school in Canada, which included an early childhood center and a memorial hospital.
Kenneth is a staunch lover of art. He is known for buying artworks at very expensive prices. In one instance, he bought a painting from one Paul Cezanne at $60 million. It was a crazy amount to use in the purchase of a painting. Furthermore, he has a deep-seated interest in politics especially given his unreserved contributions and donations to politicians. In the 2007-2008 periods, after the financial crisis, he gave contributions to politicians and political parties that supported his views on “restore our future”. The motto was a political course that supported the presidential bid for Mitt Romney. Additionally, he is said to have donated $2.5million to Bruce Rauner, a Republican candidate for Illinois gubernatorial seat.
He is currently a board member the Committee on Capital Markets Regulation. He is also a member of G100, which has 100 CEOs that meets periodically to review the performance of the global economy. Griffin was elected in 2014 to the Board of Trustee for Chicago University to serve a five-year term, and also serves as the vice-chairman of the Chicago Public Education Fund. In his career, Kenneth has received many accolades and honors for the contribution to the world economy. It includes being named by Forbes among the highest earning hedge fund managers.