Many Floridians know the Sunshine State has become a magnet for billionaires, with names like Stephen Ross, John Paulson, and Larry Ellison calling Florida home. Among the more notable newcomers is Ken Griffin, founder of the hedge fund Citadel. Recently, Griffin’s move from Chicago to Florida has made headlines again—this time due to a significant financial loss on his Chicago penthouse.
Ken Griffin’s Relocation from Chicago to Florida
Ken Griffin, with a net worth of approximately $41.8 billion according to Bloomberg, moved Citadel’s headquarters from Chicago to Miami in November 2022. While the tax benefits of Florida have attracted many wealthy individuals and businesses, Griffin cited “traditional values” as a major influence on his decision. Speaking about Florida’s government, he mentioned its “focus on delivering traditional values for the community,” a sentiment that played a key role in his relocation.
Citadel has continued to thrive since moving to Florida. In the summer of 2024, Citadel’s flagship fund reached $14.51 billion, and the company has announced plans to build a new headquarters in the Miami area, reinforcing the success of this relocation.