The Business Magnet

Just at 46, Ken Griffin is super rich as Forbes estimates his wealth to be in the region of $7 billion. For a fact, it takes so much to make such an astounding fortune within a short period. For example, wealthy business moguls like Bill Gates and the late Steve Jobs started off their business empires in the 1970s. Besides, they have been in the game for so long to deserve such luxuries and status. Moreover, they are in the technology industry; that is one of the new developments of the modern age. It is the primary reason Kenneth Griffin deserves a part on his back. He is young, entrepreneurial, and of course, filthy rich. But, his successful career did not just appear by chance. Only after leaving Harvard, he received about $1 million from Frank Meyer, a founder of Glenwood Capital LLC., to invest. He exceeded Meyer’s prospects and made a return on investment of about 70 percent. He then founded Citadel in 1990 with just $4.6 million.

For sure with over $7 billion in wealth, this guys moves like a king. He can afford absolutely anything this planet can offer. He can buy a Boeing, a yacht, or a mansion in Los Angeles or any other Porsche city. Ken Griffin on turtletrader is the real deal and an emblem of perseverance, determination, and resilience. He is a role model for most young entrepreneurs that wish to start businesses, but scared of the outcome and longevity of their ventures. However, it has not been a walk in the park to reach such great heights. It has taken him a lot of precaution and courage to fend off competition and distracters.

Unlike Bill Gates and the group, Kenneth Griffin’s source of wealth is hedge funds. He is the founder and Chief Executive of Citadel, an international investment firm. As of March 2015, the company recorded a high $25 billion in investment capital. Citadel is one of the leading alternative investment firms worldwide. The company’s collection of hedge funds appears among the most successful corporations in the world. In 2012, Forbes highlighted Griffin as one of the highly paid hedge fund managers. Besides, he was named among Forbes 400 rich list.

Apart from being one of the wealthiest businesspeople in the globe, Griffin also has a big heart and gives out just like he gets. He engages in a couple of donations just like Bill Gates and his wife that have founded the Melinda and Gates Foundation. In 2014, he donated over $150 million to Harvard University as part of the financial aid program. Experts consider the donation as one the single leading ever to be made to an institution. He has also made noteworthy contributions to the Art of Institute of Chicago, a public establishment. Besides, he has helped the Chicago Symphony Orchestra and the public library as well. Currently, Griffin’s contributions to various foundations stand at a whopping $500. This trend among the rich leaves us to wonder if the hand that gives ever remains blessed. Kenneth is a real definition of empowerment, and he leads by example as other follow suit.

Leave a Reply