Key Takeaways
- • Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm managing $77 billion in assets, according to the primary Forbes profile.
- • Citadel is described as the world's most profitable hedge fund, generating $90 billion in net gains since its 1990 inception, per LCH Investments.
- • Citadel Securities, one of Wall Street's largest market-making firms, is responsible for one of every four U.S. stock trades.
- • Griffin has given approximately $2.7 billion to philanthropy, with recent beneficiaries including Success Academy, Memorial Sloan Kettering Cancer Center and nonprofit hospitals in Miami.
Summary
Forbes' profile of Ken Griffin, the founder and chief executive of Citadel, describes a hedge fund firm headquartered in Miami that manages $77 billion in assets. Griffin founded Citadel in 1990, though he began trading from his Harvard dorm room in 1987, when he installed a satellite dish on the roof to receive real-time stock quotes. Forbes lists his source of wealth as hedge funds and classifies him as self-made, with a Forbes Self-Made Score of 8.
According to LCH Investments, cited by Forbes, Citadel is the world's most profitable hedge fund, having generated $90 billion in net gains since inception. The firm's market-making arm, Citadel Securities, is one of Wall Street's largest, handling roughly one of every four stock trades in the United States.
Griffin has given about $2.7 billion to philanthropic causes. Recent beneficiaries include Success Academy, Memorial Sloan Kettering Cancer Center and nonprofit hospitals in Miami. Publisher context from Forbes indicates that Forbes estimated his net worth at $57.6 billion in connection with a later gift to Carnegie Mellon University, and that he was included on Forbes' 2023 list of the most generous U.S. givers with reported donations of $1.56 billion. These figures come from later publisher material and are not part of the original profile's data.
According to LCH Investments, cited by Forbes, Citadel is the world's most profitable hedge fund, having generated $90 billion in net gains since inception. The firm's market-making arm, Citadel Securities, is one of Wall Street's largest, handling roughly one of every four stock trades in the United States.
Griffin has given about $2.7 billion to philanthropic causes. Recent beneficiaries include Success Academy, Memorial Sloan Kettering Cancer Center and nonprofit hospitals in Miami. Publisher context from Forbes indicates that Forbes estimated his net worth at $57.6 billion in connection with a later gift to Carnegie Mellon University, and that he was included on Forbes' 2023 list of the most generous U.S. givers with reported donations of $1.56 billion. These figures come from later publisher material and are not part of the original profile's data.
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