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Grizzly Bulls’ Billionaires Index

⬅ # 40 Rafaela Aponte-Diamant|# 42 Gianluigi Aponte ➡

# 41 Ken Griffin 

$35.7B

Real Time Net Worth
as of 5/13/2024

# 41 Ken Griffin 

$35.7B

Real Time Net Worth
as of 5/13/2024
OccupationFounder & CEO, Citadel
Source of WealthHedge Funds
Age55
ResidenceMiami, Florida
Marital StatusDivorced
Children3
EducationBS, Harvard University
Age-Adjusted Net Worth$50.0B
Ken Griffin
Ken Griffin
United States
Net worth: $35.7B

Self-Made Score 

Wealth History

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Biography

Ken Griffin was born on October 15, 1968, in Daytona Beach, Florida, USA.
He displayed an early interest in finance and trading, starting to invest at the age of 19 while studying economics at Harvard University.
In 1987, Griffin founded Citadel, a hedge fund, with a $265,000 investment from friends and family. He began trading from his dorm room at Harvard.
Citadel has grown into one of the world's largest and most successful hedge funds, managing assets across various investment strategies.
Griffin gained attention for his astute trading during the 2008 financial crisis, leading to increased prominence in the finance industry.
Known for his philanthropy, Griffin has made significant donations to various institutions, including a $150 million gift to Harvard, the largest donation in the university's history at that time.
He has been actively involved in supporting education, healthcare, and cultural institutions through his philanthropic initiatives.
Ken Griffin has been a prominent figure in the financial industry, participating in forums and discussions on economic and market trends.
In addition to his financial pursuits, Griffin is known for his art collection, including the acquisition of masterpieces like 'Woman III' by Willem de Kooning for a record-breaking price.
His influence extends beyond finance, with involvement in civic affairs and memberships in prestigious organizations such as the Economic Club of Chicago.

How long would it take you to become as rich as Ken Griffin?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Ken Griffin's net worth of $35.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Ken Griffin is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ken Griffin, Hedge Funds is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey