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A Company That Is Worth Billions

A Company That Is Worth Billions

Citadel LLC is a global financial institution that is world renowned. This company was founded in 1990 and it is one of the worlds biggest alternative asset managers to ever have existed. Only 3% of hedge funds have been in existence for more than 20 years and Citadel is among the 3%. Citadel LLC has management over the largest institutional investors in the entire world. Citadel’s headquarters are located in Chicago and it has over 1300 employees. Apart from its main headquarters in Chicago Citadel LLC also has many are other offices that are in Asia, North America, and Europe.

Citadel has more than $25 billion in its capital and it is one of the largest hedge fund manager in the entire world. Citadel not only deals with hedge funds, but it deals with securities and technologies as well.

Ken Griffin was the founder of Citadel, he was born in 1968 in Daytona Beach Florida Griffin began investing in his first year of Harvard, he began to invest because he would read Forbes magazine and he realized that investing was a great way to earn capital. In his sophomore year at Harvard he started to focus on investing in hedge funds. He was able to get money from family and friends and his capital was able to do well even during the stock market crash of 1987. He had much success early on in his life, and that helped him even after graduation in 1989. Griffin graduated from Harvard University with a degree in economics. He was an excellent student and he graduated with honors.

Griffin was able to start citadel with $4.6 million, and now Citadel is said to be worth over $25 billion. The net worth of Griffin alone is about $6.6 billion, and he was able to take 50 million and give it as a donation to Harvard University. Griffin was known as one of the 100 most influential people in the world of finance, and that is very true. He was single-handedly able to start a business that was worth billions of dollars. Citadel has received a top 10 greatest workplaces in financial services by the Institute of Great Places to Work. Kenneth Griffin was able to create a place that not only excelled financially, but also a company that has amazing work satisfaction. Truly Citadel is a remarkable company, and Kenneth Griffin is a is an amazing entrepreneur.