Ken Griffin, the billionaire founder of the hedge fund Citadel, made waves in 2022 when he relocated both his personal residence and company headquarters from Chicago to Miami. The move was seen as a major shift in the financial landscape, but it also had notable philanthropic implications. While Griffin has brought substantial charitable contributions to Florida, the shift has left a void in Chicago’s philanthropic scene, where he was once a major benefactor.
Ken Griffin’s Move to Florida: More Than Just Tax Benefits
Ken Griffin’s decision to move Citadel’s headquarters to Miami was attributed, in part, to the appeal of Florida’s “traditional values.” In an interview, Griffin highlighted his appreciation for the state’s focus on community values and effective governance, rather than citing the expected tax benefits as the primary motivator. With a reported net worth of $41.9 billion, according to Bloomberg, Griffin’s relocation was one of the most high-profile moves of recent years and has had a significant impact on both the financial and charitable sectors of Florida.