Last year, 2014, when Forbes ranked the top 400 richest people in the United States, of course, Ken Griffin was on that list. Griffin ranked 103rd in 2013 on this list of wealthy billionaires and climbing. Last year, his net worth was at $5.5 Billion, so he has added a couple of bucks to that pot of gold over the last year.
Ken Griffin on insidermonkey, Founder and CEO of Citadel LLC, one of the largest and most successful hedge fund companies in the world. Griffin said in an interview, September 7, 2015, “fixed income investments will suffer if global economies start to accelerate in 2015 and monetary policy is tightened.” He said this during an exclusive interview this week with The Korea Economic Daily. Griffin also recommends that long-term investors could look at blue chip companies in Europe, Asia, and America that show shareholder friendly activities.
Griffin goes on to explain that although the economy in the US is doing well, the rate of unemployment has decreased to the point where the interest rates will start to increase. When asked how Griffin saw the global economy, he commented as best he could saying that the world economies are performing the best that could be, considering they perform differently from one continent to the next. Europe continues to struggle following the 2008 financial crisis. Investors are still feeling the after-effects of the 2008 crisis and are anxious for the economy to grow. Investors should concentrate on where they can invest capital that would generate a healthy future on returns over time. Thus differentiating between trading and investing is essential.
Aside from Kenneth Griffin’s financial stardom, he is far from not sharing his wealth. He is very involved in the education programs in Chicago. He generously contributes to the University of Chicago, Lurie Children’s Hospital and the Art Institute. Serves on the Board of Directors of the Chicago Public Education Fund, and personally donated $150M to enriching the lives of others. This does not include the donations of Citadel itself.
Citadel’s 25th Anniversary in business with Griffin at the steering wheel is gratifying to investors. With his confidence in the world markets and his insight into the future of these markets, we should be steadily returning to a confident place financially over time. We should hope that others are adhering to his advice.
When asked if he would ever consider running for Governor of Chicago, he responded without hesitation “no”. He enjoys his investment world and has no plans to jump into the political arena. He probably feels his plans for Citadel are not complete. He has been thinking of taking Citadel public. Nothing firm yet, but he is seriously considering this move for the company. As soon as he feels the time is right, we should not be surprised to see a public notice announcing Kenneth Griffin is taking Citadel Public.
The future looks bright for Kenneth Griffin, Citadel, and the future of one of the largest hedge fund companies in the world.