SUCCESS OUT OF ONE’S OWN EFFORTS

Ken C. Griffin is a hedge fund manager in America. He was born on October 15, 1968, in Baytown Beach, Florida, United States. He currently lives in Chicago, Illinois and his estimated net worth is $6.6 billion according to Forbes magazine. He graduated with a degree from Harvard University in economics during which he had done impressive work in the four years he was there. After starting his studies at Harvard, Kenneth started to invest an idea he got from reading a Forbes magazine on the same and later he started a hedge fund focused on convertible bond arbitrage. His family gave him their support by investing. He even installed a satellite link to his dorm to get market data directly, and the success that came from it enabled him to start a second fund. Glenwood Capital LLC Founder, Frank C. Meyer provided $ 1 million for Kenneth to invest. Kenneth more than exceeded expectations and made a 70 percent return on Frank’s investment. Griffin founded Citadel LLC in 1990 with just $ 4.6 million where he is currently the CEO. The company had grown to consist of more than 100 employees and $ 1billion in investment capital, Within the first seven years. Citadel is a global investment firm with an investment capital of approximately $ 25 billion. The company’s hedge fund is ranked as one of the largest and most successful hedge funds worldwide. It includes citadel, citadel securities, and Citadel Technology. While Citadel deals in alternative asset management, citadel securities deals with liquidity provision in America Capital Markets and on the other hand citadel technology provides solutions for investment management technology. In a June 2002 issue of CFO magazine, Kenneth Griffin was included as one of the most influential people in finance. He has appeared in several issues of Forbes magazine. In one of the infamous Forbes list, he was named the youngest self-made individual. He was featured in an issue in the top 10 places to work where he was credited with implemented a collaborative culture. His employees were more than content to work for him. He currently sits on the board of Chicago Public Education Fund. Kenneth is also a member of Economic Club of Chicago, the Civic Committee of the Commercial Club of Chicago and G100. In addition to this responsibilities, he is a member of the Board of Trustees of the Art Institute of Chicago, the University of Chicago, the Museum of contemplary Art and the Whitney Museum. Kenneth is a philanthropic man. He donated $ 150 million to the financial aid program at Harvard University and had further generously donated to other various organizations. He openly supports initiatives that bring about community development. It can approximate that his donations add up to about $ 500 million. Being a self-made man, he understands and is willing to contribute to development. Everything that Kenneth has achieved he worked had for it. Through his persistent hard work, he has gained his wealth and prosperity.

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