Ken Griffin

What Is Ken Griffin’s Net Worth? 

As of August 2024, Ken Griffin’s net worth is around $43 billion according to Forbes

Ken Griffin is a well-known name in the field of alternative investments. He is the CEO of Citadel LLC, a multinational hedge fund company, holding 85% of its stake. He also owns Citadel Securities, one of the biggest market makers in the United States. Although the latter is the lesser-known entity, it has created almost equal wealth for Griffins.

Ken Griffin's stake in Citadel LLC is worth $19 billion, while his stake in similarly named Citadel Securities is $16.3 billion. He took home $4.1 billion in 2023, becoming the highest-paid hedge fund manager. It is said that Ken Griffin's Citadel owns a major chunk of the “Magic Seven” stocks via Citadel that are leaders in their own field. Starting with Nvidia ($1.8 billion, Q4 2023), Microsoft ($1.5 billion, Q3 2023), and Meta Platforms ($869 million, Q4 2023), these stocks are golden egg-laying hens.

With the continual growth of these stocks, Griffin's personal wealth increases tremendously as well. Besides usual streams of income, Ken Griffin is also a collector of exquisite and expensive art pieces. It is believed that these art pieces are worth hundreds of millions of dollars, and their value will only increase in the future. He also has a keen interest in real estate and invests in prime locations, totaling $1 billion.. Such properties have the potential to appreciate on a year-on-year basis. 

What Is Ken Griffin’s Claim To Fame? 

Ken Griffin’s love for mathematics made him fall for the finance industry. With his sharp intellect and industry insights, today he is one of the most influential businessmen and investors.

• Founding Citadel: In 1990, he founded Citadel LLC. The firm prospered under his leadership throughout the early 90’s and initial 2000’s. He currently holds 85% of Citadel LLC, which holds close to $65 billion under management.

• Founding Citadel Securities: In 2002, Ken Griffin and his partners founded Citadel Securities. It is one of the largest liquidity providers for more than 1400 clients, including many of the globe’s largest central banks and sovereign wealth funds. 

Besides his smart investment strategies, Ken Griffin had also garnered attention, say criticism, on meme stocks like AMC and GameStop that were bought and sold on the Robinhood trading platform. However, being an influential person, he rose above all obstacles and continues to lead a successful life. 

What Businesses Does Ken Griffin Own? 

Ken Griffin took the right decisions in his life and founded two of the most successful firms in their own regard. The firms’ right management strategies under the leadership of Ken Griffin have taken them to new heights that many thought of as impossible. 

• Citadel LLC: Ken Griffin is currently the CEO and co-chief investment officer of Citadel. He also increased his ownership from 80% to 85% in Citadel LLC. The company deals in alternative investments across commodities, credit, equities, fixed income, and macro and GQS. It had close to $92.46 billion in assets under management as of September 2023. In the first quarter of 2024, Citadel LLC made $7 billion. 

• Citadel Securities: Ken Griffin owns about a staggering 80% of Citadel Securities. The market making firm is valued at close to $22 billion, including some investments, adjusted revenue growth, and a 10% liquidity discount.  In the first quarter of 2024 alone, Citadel Securities (which Ken Griffin owns an 80% stake) made close to $2.3 billion, which is huge. Also, in 2023, it made close to $6.3 billion, just short of $0.7 billion compared to a similarly named hedge fund firm’s net revenue for the same year. 

Ken Griffin’s Citadel LLC always invests in multi-bagger stocks that are bound to rise with time. Besides the usual tech stocks discussed above, his firm has invested in some non-tech stocks too, including AT&T, JPM, Eli Lilly & Co., Merck & Co., and Humana Inc. 

How Does Ken Griffin Spend His Billions?

With success, fame, and money, there’s nothing Ken Griffin can’t buy, actually. He has a keen interest in rare artwork. He paid close to $300 million to producer David Geffen for Willem de Kooning’s 1955 painting "Interchange.”. He also paid close to $200 million for another artwork named “Number 17” made by Jackson Pollock in 1948. A $60 million and $80 million worth of art collections by Paul Cezanne and Jasper Johns, respectively, were also bought by him. 

Wait! There’s a freaking dinosaur skeleton in his collection as well

Yeah, besides usual artwork by great artists, Ken Griffin also bought a $45 million-worth Stegosaurus skeleton. It is 27 inches long and 11 inches high. However, he plans to lend it to a U.S. institution for science and research. He also has the first edition of the U.S. Constitution with $43 million. Besides his passion for artwork and rare pieces of history, he has bought several properties around the world, including megacities in New York and London. 

How Many Houses Does Ken Griffin Own? 

As mentioned earlier, Ken Griffin invests in some of the most luxurious and extravagant properties across the world. He is also on his way to build the world’s most expensive home in Florida. Here are some of the known properties of Ken Griffin.

• NYC Penthouse: Ken Griffin’s NYC penthouse at 220 Central Park South cost him $238 million in 2019, making it the the most expensive house ever sold in the U.S. It is spread across four- stories. He also spent another $4 million to buy two smaller units in the same property. 

• Mansion near Buckingham Palace: Just after a week of purchasing the NYC Penthouse, he bought a huge mansion near Buckingham Palace for $122 million. It also became the most expensive property sold in London in more than a decade. 

• Gold Coast Condo in Chicago: How can Ken Griffin not invest in his hometown of Chicago? In 2017, Ken Griffin invested close to $59 million in buying the top four floors of a condo building. It broke the record for the largest home sale in that city. However, recently, he listed an unfinished 38th floor at No.9 Walton for $11 million. 

• Largest Estate, Florida Palm Beach: To build one of the world’s most expensive homes in the world, Mr. Griffin has already acquired close to 20 acres of ocean view property for over $200 million. He is said to be demolishing the same and investing a total of $150-$400 million to construct a mega-estate, which will be worth close to $1 billion after its completion. 

Ken Griffin also owns multiple homes in Aspen, Colorado, and Hawaii that are expected to cost millions of dollars. So, buying and selling properties is just another thing of interest for Mr. Griffin. 

How Many Cars And Other High-End Vehicles Does Ken Griffin Own? 

Well, coming to car collection, Mr. Griffin has not shown his passion or affection for cars publicly. So, he’s fairly private about his possessions on four wheels. However, many have speculated that he owns the Ferrari LaFerrari and some other masterpieces. 

• Ferrari LaFerrari: The LaFerrari is special as it was the first production car that boasted F1-derived hybrid powertrain. Currently, the average price of this masterpiece is $3.1 million. 

• Bugatti Veyron: Like most other billionaires around the world, Mr. Griffin didn’t want to miss the trophy car like the Veyron, which was once the fastest production car in the world and was priced around $1.9 million. 

• Porsche 918 Spyder: The Porsche 918 Spyder combines the thrills of a convertible with the nimble dynamics of a true Porsche. Porsche's hybrid car rose to fame quickly with its performance. It is currently valued at around $1.5 million. 

• McLaren P1: Priced at around $1.15 million, this true British hybrid supercar offered untamed performance without hurting the environment too much and became an enthusiast favorite for its corner-carving abilities. 

Private Jets

According to some sources, Ken Griffin is also the owner of a 2001 Bombardier Global Express Private Jet worth $9.5 million. He also owns a $50 million Bombardier Global 6000 model jet. 

What Are Ken Griffin’s Charitable Contributions? 

With power comes great responsibility, and Mr. Griffin truly believes in this statement. In today’s times when money is the only power you need, there’s successful businessmen like Ken Griffin who have donated over two billion dollars for the betterment of humankind. Some of them are mentioned below: 

• Memorial Sloan Kettering: Ken Griffin and David Geffen pledged to donate $400 million to the cancer institute to meet the growing demand for cancer care. 

• Donation to Harvard University: Ken Griffin made a staggering donation of $300 million to Harvard University's Faculty of Arts and Science for advancing science research and expanding access to education for students regardless of their economic backgrounds. 

• Stopping Recreational Weed: Mr. Griffin has committed $12 million to stop the Florida bill that aims to legalize recreational weed. He said by stopping the sale of recreational weed, the crime rate can be controlled. 

• Bill and Melinda Gates Foundation: In 2006, Mr. Griffin donated a new charter school in Chicago via the foundation. In 2007, he donated $19 million to the Art Institute of Chicago, and in 2014, a sum of $150 million was assigned to Harvard University. A sum of $125 million was donated to the Department of Economics at the University of Chicago too. 

• Sylvester Comprehensive Cancer Center: The most recent donation of $50 million for the cancer center. However, it’s the second time a similar donation was made anonymously by Mr. Griffin in 2020. So, the research facility will be named after Ken Griffin for his efforts as the Kenneth C. Griffin Cancer Research Building. 

What’s Next For Ken Griffin? 

Ken Griffin will continue to lead his multinational firms. Also, he said that via Griffin Catalyst he will continue to provide solutions for most urgent challenges in an attempt to improve human lives. Also, Ken Griffin’s philanthropic efforts will focus on six key areas: education, science and medicine, upward mobility, freedom and democracy, enterprise and innovation, and communities.

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