Ken Griffin’s Fortune Soars to $28 Billion on Citadel Securities Deal
- He owns 80% of the market maker, worth about $17.5 billion
- Griffin is now worth more than Jim Simons, Carl Icahn
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Ken Griffin has for years been one of the wealthiest people on the planet thanks to his hedge fund’s success. Now it’s his powerhouse market maker that’s driving the bulk of his fortune to new heights.
The billionaire sold a $1.15 billion stake in Chicago-based Citadel Securities to Sequoia Capital and Paradigm, valuing the firm at approximately $22 billion. After the outside investment, Griffin, 53, will own roughly 80% of the trading business, worth about $17.5 billion.