Kenneth C. Griffin - Founder & CEO | Citadel (2024)

About

Kenneth C. Griffin is the Founder and Chief Executive Officer of Citadel, one of the world’s leading alternative investment firms. Ken is also the Founder and Non-Executive Chairman of Citadel Securities, one of the world’s preeminent market makers. A passionate philanthropist, Ken has donated more than $2 billion to advance education, opportunity, and health sciences initiatives that significantly transform people’s lives.

Intrigued by finance from a young age, Ken began investing in 1986 from his Harvard dorm room. The following year, he launched a small hedge fund that utilized emerging quantitative analytics to inform investment decision-making. In 1990, a year after graduating, he founded Citadel.

Ken founded Citadel on the belief that extraordinary individuals, equipped with advanced quantitative analytics and powerful software, could unlock opportunities in the world’s capital markets. A commitment to continuous learning, problem-solving, and meritocracy defines the firm’s culture. Citadel is routinely ranked among the best places to work, and the firm’s focus on advancing the careers of its team members is renowned on Wall Street.

Today, Citadel’s team of more than 2,500 professionals manages nearly $60 billion in investment capital. Citadel is recognized as one of the world’s most profitable hedge funds. The Citadel team has delivered extraordinary results for pension plans, university endowments, hospital systems, foundations, and research institutions that deliver meaningful impact for society, from curing cancer with immunotherapy to making scientific breakthroughs in particle physics.

In 2002, Ken and his partners established Citadel Securities as a market maker in the United States capital markets. Today, Citadel Securities is one of the world’s largest liquidity providers, serving more than 1,400 institutional clients, including many of the world’s largest central banks and sovereign wealth funds. Citadel Securities is recognized as a market leader in empowering clients to reach their investment goals and has proved transformative in enhancing competition in capital markets worldwide.

Ken’s decades of philanthropic involvement reflect the same strategic mindset that has contributed to his business success. Now advanced through Griffin Catalyst, Ken’s contributions have expanded access to education at all levels for millions of Americans, transformed research and medical institutions with historic gifts, and strengthened our cultural institutions. Ken’s insights were instrumental in the launch of Operation Warp Speed’s accelerated COVID-19 vaccine development and deployment strategies.

Ken holds an A.B. ’89 with Honors in Economics from Harvard College.

Kenneth C. Griffin - Founder & CEO | Citadel (2024)

FAQs

How did Ken Griffin make his money? ›

Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages $59 billion in assets. Griffin founded Citadel in 1990 but first began trading from his Harvard dorm in 1987. He put a satellite dish on the roof to get real-time stock quotes.

Who is Ken Griffin CEO Citadel? ›

Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund.

How many kids does Ken Griffin have? ›

Kenneth C. Griffin
Ken Griffin
Known forFounder of Citadel LLC
TitleCEO and Co-CIO, Citadel LLC
Spouse(s)Katherine Weingartt ( m. 1996, divorced) Anne Dias ( m. 2003; div. 2015)
Children3
5 more rows

Where did Ken Griffin go to college? ›

A brilliant young man. In 1987, a young Harvard student with only two years of college and 19 years of age, founded his first hedge fund in his dorm room, with the money obtained from his grandmother, friends and acquaintances.

Who is the richest hedge fund manager? ›

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

How many jets does Ken Griffin own? ›

Ken Griffin: Trivia

Kenneth Griffin owns two private jets: a Bombardier Global Express and a Bombardier Global 6000.

Is Ken Griffin a billionaire? ›

Net Worth Summary

It has about $63 billion in assets under management, according to a December 2023 Bloomberg story. Griffin probably has about $9 billion in personal assets in Citadel funds.

How much is the founder of Citadel worth? ›

Citadel Securities is involved in one out of four stock trades placed in U.S. exchanges and nearly 40% of all retail trades. With a net worth of $37.5 billion, Griffin is one of the richest hedge fund managers in the world and is ranked No. 37 on the Forbes real-time billionaires list.

Who is the largest shareholder of Citadel? ›

Citadel Securities is a separate entity from the hedge fund Citadel LLC, although both were founded and are majority owned by American hedge fund manager Kenneth C. Griffin.

How many people does Ken Griffin employ? ›

Citadel LLC
Headquarters at Southeast Financial Center
AUMUS$62.3 billion (December 31, 2022)
OwnerKenneth Griffin (85%)
Number of employees2,630 (2022)
Websitecitadel.com
9 more rows

Where does Ken Griffin live in Florida? ›

Ken Griffin has spent the last decade systematically buying up acreage on “Billionaire's Row” in Palm Beach, an ultra-wealthy enclave on South Ocean Boulevard. (Mar-a-Lago is just a few doors down.)

Where does Ken Griffin live in NYC? ›

Griffin's new Manhattan penthouse is a massive 23,000-square-foot residence that encompasses floors 50 through 53 at 220 Central Park South, a skyscraper designed by Robert A.M. Stern that's still under construction.

How much money does Citadel manage? ›

With $62 billion of assets under management, Citadel is so big that its trades “could at times represent a high multiple of average daily trading volumes,” potentially limiting its ability to sell quickly without sending prices tumbling, S&P analyst Thierry Grunspan wrote in an April report.

Where is Citadel headquarters? ›

In 2022, Citadel announced its new global headquarters in Miami—a dynamic and diverse city we're proud to call our new home.

What stocks does Citadel own? ›

Citadel Advisors Llc's top holdings are SPDR S&P 500 ETF Trust (US:SPY) , SPDR S&P 500 ETF Trust (US:SPY) , NVIDIA Corporation (US:NVDA) , Invesco QQQ Trust, Series 1 (US:QQQ) , and NVIDIA Corporation (US:NVDA) . Citadel Advisors Llc's new positions include The Cooper Companies, Inc. (US:COO) , MicroStrategy, Inc.

Top Articles
Latest Posts
Article information

Author: Ray Christiansen

Last Updated:

Views: 6012

Rating: 4.9 / 5 (49 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Ray Christiansen

Birthday: 1998-05-04

Address: Apt. 814 34339 Sauer Islands, Hirtheville, GA 02446-8771

Phone: +337636892828

Job: Lead Hospitality Designer

Hobby: Urban exploration, Tai chi, Lockpicking, Fashion, Gunsmithing, Pottery, Geocaching

Introduction: My name is Ray Christiansen, I am a fair, good, cute, gentle, vast, glamorous, excited person who loves writing and wants to share my knowledge and understanding with you.