Kenneth Cordele Griffin is an American hedge fund manager, entrepreneur, and investor. He is the founder, chief executive officer, co-chief investment officer, and 85% owner of Citadel LLC, a multinational hedge fund and the largest market maker in the U.S.
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Griffin, 53, began trading in 1987 from his Harvard dorm, installing a satellite dish on the roof to get real-time stock quotes. He founded the hedge fund Citadel LLC in 1990, which today manages over $39 billion in assets.
Citadel manages funds across five different investment strategies including equities, commodities, fixed income, quantitative strategies, and credit.
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Image Credit: Forbes
What is Citadel Capital worth?
Citadel operates with an estimated $32 billion in investment capital. As of 2022, Ken Griffin’s net worth is estimated to be $10 billion.
What percent of Citadel does Ken Griffin own?
The billionaire, Ken Griffin sold a $1.15 billion stake in Chicago-based Citadel Securities to Sequoia Capital and Paradigm, valuing the firm at approximately $22 billion.
After the outside investment, Griffin, 53, will own roughly 80% of the trading business, worth about $17.5 billion.
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