Kenneth C. Griffin | |
---|---|
Born |
Daytona Beach, Florida, U.S. |
October 15, 1968
Residence | Chicago, Illinois, U.S. |
Alma mater | Harvard University (BA) |
Occupation | Investor, hedge fund manager, and philanthropist |
Known for | Founding and managing Citadel |
Net worth | US$7.3 billion (February 2016) |
Spouse(s) | Anne Dias-Griffin (married 2004-2015) |
Kenneth C. Griffin (born October 15, 1968) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of the global investment firm Citadel, founded in 1990. As of March 2015[update], Citadel is one of the world's largest alternative investment management firms with an estimated $25 billion in investment capital. Citadel's group of hedge funds rank among the largest and most successful hedge funds in the world.Forbes identified Griffin as one of 2012's highest earning hedge fund managers as well as one of the Forbes 400.
As of May 2015[update] Griffin had an estimated net worth of US$6.6 billion . At the beginning of 2014, Griffin made a $150 million donation to the financial aid program at Harvard University, his alma mater, the largest single donation ever made to the institution at the time, and his donations to various organizations and causes have totaled about $500 million.
Kenneth C. Griffin was born in 1968 in Daytona Beach, Florida. In high school, he excelled academically while also being the president of his math club. In 1986, Griffin started to invest during his freshman year at Harvard University after reading a Forbes magazine article. During his second year at Harvard, he started a hedge fund focused on convertible bond arbitrage. The fund was capitalized with $265,000 from friends and family, including money from his grandmother. He installed a satellite link to his dorm to acquire real-time market data. The investment strategy helped preserve capital during the stock market crash of 1987. Griffin's early success enabled him to launch a second fund, and between the two funds he was managing just over $1 million. Griffin graduated from Harvard in 1989 with a degree in economics.