Kenneth Griffin began business from his hostel room at Harvard University back in 1987. Some of the assets he had at that time include a personal computer, fax machine and a telephone. Due to his ambition and humble beginning, Frank Meyer, pioneer of hedge fund and co-founder of Glenwood Partners recognized the potential of Mr. Griffin. Meyer offered Griffin with $1 million for investment and was surprised as Griffin exceeded his expectation making him earn 70 percent ROI. Also, his close friends and relatives including his grandmother supported him financially to raise the first capital of about $265,000.
Griffin formed Citadel LLC in 1990 and is the current Chief Executive Officer. Citadel group has diverse financial institutions including Citadel, a leading expert http://www.wsj.com/articles/citadels-ken-griffin-leaves-2008-tumble-far-behind-1438655887 offering alternative asset management and Citadel Securities one of the most recognized liquidity providers in the U.S. capital market. Also, Citadel Technology is another subsidiary of Citadel group providing investment management technology solutions. Today, Citadel has more than 1,250 professional experts working in different parts of the world.
Ken Griffin has featured several times in Forbes magazine due to his entrepreneurial skills and his achievements. He first appeared on Forbes 400 in the year 2003 as the youngest self made entrepreneur with approximately net worth of $650 million. Fortune magazine recognized him one year later and ranked him eighth among self made individuals in the under forty category. In 2006, Forbes 400 listed him fifth in the category of under forty. Griffin was estimated to have a net worth of $3 billion in 2007, and in 2014, it was estimated to be about $5.5 billion.
Citadel was recognized in March 2015 as among Top 10 Great Workplaces in Financial Institutions. The survey was conducted and compiled by Great Places to Work Institute. Mr. Griffin was credited by his employees for motivating and implementing inclusive work culture and offering package to staffs like museum tours, free lunch, personal gifts among others. Griffin featured as panelist speaker at the 2015 Milken Institute Global Conference where he talked about building complex institutions by investing in professional employees.
Kenneth Griffin is a member of Capital Markets Regulation Committee. He was elected among the Board of Trustees at the University of Chicago for a period of five years. He is an active member of several organizations like Economic Club of Chicago as well as Commercial Club of Chicago. Also, Griffin embraces artistic work and has been appointed by several cultural institutions to be among the Board of Trustees.
Due to success of his business, Kenneth Griffin has played philanthropic role to offer back to the society. He is very active in supporting educational programs since they are recognized to drive community development. He has contributed more than $250 million in donations to support several initiatives in Chicago and surrounding area. The most notable institutions he has donated to include Lurie Children’s Hospital, University of Chicago and Art Institute. His most recent donation of $150 million to Harvard University was considered the largest gift received by the institution from a single donation.