Citadel founder Ken Griffin admitted that crime in Chicago, Illinois, motivated his moving the company to Miami, Florida.
Griffin cited two incidents of crime committed against colleagues he personally knew in an interview with Bloomberg. One was robbed by a man who allegedly put “a gun to his head,” while another was confronted by “some random lunatic just trying to punch him in the head.” The hedge fund founder previously claimed he knew of another colleague who was stabbed on his way to work.
While Citadel has yet to make Miami its global headquarters, Griffin himself has already moved to the area, after having grown up in Boca Raton, Florida. Griffin went from being the richest man in Illinois to the richest man in Florida with a $29.3 billion fortune.
EXPLOSION ROCKS CHICAGO WEST SIDE, EIGHT PEOPLE INJURED
The personal property that belongs to Griffin is on Star Island, off Miami’s coast with neighbors such as Gloria and Emilio Estefan. Citadel’s future headquarters will be on a waterfront property overlooking Biscayne Bay in Miami, complete with a helipad and marina.
Miami reported 35 murders so far this year, which is about eight in every 100,000. Chicago doubles that ratio in murders. New York’s ratio is half of that.
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This makes the third company to move its headquarters out of Chicago, following Caterpillar and Boeing.
