Ken Griffin is the Chief Executive Officer and Founder of Citadel, a financial institution dealing with asset management as well as providing liquidity in the American capital markets. His company also provides technology solutions for matters related to investment management technology. He was born in 1968 in Daytona, Florida and has from very humble beginnings managed to become one of the most respected hedge-fund managers of all times. In March 2015, his company was estimated to be worth $25 billion spread in investment capital.
Ken Griffin started the companyon valuewalk.com in his Harvard dorm and through his brilliance and sacrifice, it has managed to be ranked among the most successful and largest hedge-funds in the world. In 2012, he was identified by Forbes as one of the highest earning fund managers. His estimated net worth was $6.5 billion as of May 2015.
His generosity is also rare. In 2014, he made a personal donation of $150 million to Harvard University, and it made history as being the largest gift to be ever made by an individual to the institution. All his total donations to different organizations when combined have totaled over $500 million.
As a freshman in 1986, he started getting intrigued by the financial markets after coming across an article in the Forbes Magazine. When he was in second year, he made his debut in hedge fund management and mainly focused on bond arbitrages that were convertible. His first fund managed to get capital from family and friends to a tune of $265,000.
His was very serious and eager to make money, and even went to the extent of installing a satellite link on his dorm so as to be able to get market data that was real time. True to his expectations, the satellite link helped him evade the 1987 stock market crash and instead made money out of it. After being successful in his first hedge fund, he launched the second one and between the two of them, he was managing slightly over $1 million.
He graduated from Harvard in 1988 and proceeded to become a much better hedge fund manager. Frank Meyer, an investor from Glenwood Capital, noticed his incredible abilities and gave him $1 million to invest. To his utter shock, Griffin exceeded his expectations and was able to make more than seventy percent of the initial investment.
Two years later, he founded Citadel with a $4.6 million capital. Eight years down the line, the company had managed to grow to more than a hundred employees and more than $1 billion in capital. Being in the industry for more than twenty years, he has appeared in many magazines and publications as being among the most influential people in the world of finance. He is also a very active voice in all matters related to market structure and financial regulations and has testified in many government inquiries. He is also involved in philanthropic matters and is an ardent art lover who is known to collect the most rare and expensive art pieces.