While is definitely easy to see why Kenneth Griffin is a multibillionaire, most people can’t fathom how he made himself this one of America’s richest entrepreneurs with such little capital. The Citadel hedge fund has made people billions of dollars, which in turn made Ken Griffin, lead investor of Citadel a billionaire as well. His vision for sussing out winning stocks from the thousands of publicly traded stocks has led him to make all of the money he’s made over the course of his career. The Citadel fund is currently worth $25 billion, yet, it wasn’t always that way. There was once a time where Kenneth Griffin was personally destitute and had only $200,000 to invest into the market. He invested that small sum of money and eventually turned it into $1 million.
It was not long after he turned $200,000 into $1 million that he began to peak the interest of multiple investors all over Wall Street. They saw that Ken Griffin on citadel has the chops to become the next hugely successful hedge fund manager and they all wanted a piece of him at their own firms. Yet Kenneth took a chance on one person that approached him because the deal he offered was one with no strings. He took the million dollars that Frank C. Meyer, an investor and founder of Glenwood Capital LLC gave him and invested in into the market. Months later he was able to give Frank his money back and a 70% return on investment. There was no other investment firm that could produce those types of numbers so quickly. This made Kenneth someone that was definitely on Frank’s shortlist of notable investors. Kenneth was embraced by Frank Meyer who eventually taught Kenneth everything that he knows about business and the politics of Wall Street when he took him under his wing.
Kenneth started Citadel a couple of years after he took his initial investment from Frank C. Meyer, an investor and founder of Glenwood Capital LLC. With Citadel, he started out with $4.6 million and eventually grew his hedge fund to $1 billion in less than eight years. Because of this quick increase on the worth of his hedge fund, the commissions that he gained from his hedge fund skyrocketed. They wouldn’t have skyrocketed if he hadn’t had the insight to make extremely wise investments or didn’t know all there was to know about consumer behavior and psychology. Because of his know how, he has been able to make each of his investors profitable time and time again and continues invest with similar zeal today.
He is a very impressive man in the world of investing because he has a knack for picking the right stocks. His makes incredible stock picks by educating himself on not only consumer behavior but the behavior of the CEO/founder and/or the board members as well as other key players on the team of any company that he is evaluating to potentially invest in. Because of his thorough assessments of every company, he is able to predict with a very high certainty that his investments will score well.