Hedge-fund billionaire Ken Griffin says he's moving his business from Chicago to Miami following complaints regarding the city's high crime rate.
Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.
Griffin provided GOP candidate Richard Irvin with $25 million in campaign funds after initially providing $20 million in seed money. But Griffin’s wealth will likely be a felt loss in Chicago which reportedly received more than $600 million in gift donations to educational, cultural, medical and civic organizations.the Bloomberg Billionaires IndexPolice officers inspect a damaged Best Buy store after parts of the city had widespread looting and vandalism, on Aug. 10, 2020, in Chicago.
The move to Miami is expected to be multi-year process and not all of the roughly 2,600 employees in Chicago will be expected to make the 1,200-mile move. and what he viewed as a lackluster response by the Democratic governor.
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