Citadel LLC is one of the largest financial institutes in the world. Founded by hedge fund guru and businessman Kenneth Griffin in 1990, the company is worth an estimated $25 billion and handles billion of dollars in global assets. Citadel has weathered a few storms over the years. The company narrowly escaped the 2008 banking failure. While other companies fell, Citadel was able bounce back and become bigger and better. The company has expanded over the years and now has offices in the U.S. United Kingdom and Asia.
Citadel offers a wide variety of products and services including hedge funds, interest rate swaps, equity options and trading. The Chicago-base company has won a number of awards over the years including a ranking in Forbes Top 25 Best Banking Awards, Best Place To Work and another ranking in Forbes as one the most respected hedge fund companies in the world. Citadel has other divisions including Securities and Technology.
Under the leadership of founder Ken Griffin, Citadel has seen a great deal of success. Griffin got his start in the world of investment and finance at a young age. While attending Harvard University in his sophomore year, he was already selling stocks. By the time he graduated, he had earned an estimated $1 million. Griffin wasted no time and quickly opened Citadel in 1990. The company, which was started with donations from friends and clients, made Griffin a millionaire in short order. Within six years of the company’s opening, Griffin had investment capital of about $1 billion.
Griffin is one of the richest hedge funding gurus in the world. He has made the Forbes list in a variety of areas including richest entrepreneur to make $1 billion. He gives generously to a many philanthropic organizations to help underprivileged and poor. He was recently honored for his donation to his alma mater, Harvard, for giving them an endowment of $150 million. The money is to be used to help students who have little to no financial means. The money pays for books, housing, tuition and anything educated-related. The financial aid office was renamed in Griffin’s honor.
Although Griffin has not revealed his political leanings, he has given generously to many political candidates including Bruce Rahmer, Rahm Emanuel, Eric Cantor and Mitt Romney. “I am more interested in their platform than they party itself,” says Griffin. He went on to say he is very interested in helping the “little guy” achieve the same succes as he.