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Rich New Yorkers: Ken Griffin Is Looking At You

Illinois' richest man will not save the Big Apple all by himself.
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By Paul Elledge [CC BY-SA 4.0], via Wikimedia Commons

By Paul Elledge [CC BY-SA 4.0], via Wikimedia Commons

With that look in his eye. And probably a couple of Starbucks cups in front of him. And that look and that milk foam moving from one cup to another has a message for Big Apple bigwigs other otherwise well-heeled Manhattanites: “I don’t even live in this godforsaken hellhole of a city, and I seem to be the only one looking out for its underprivileged communities. I can’t do this by myself; I have bike paths I can actually use to fund. Step it up, my fellow 0.000001-percenters. Don’t make me break off and pick up this bedpost and start treating you like my ex-wife or a programmer who stole my high-frequency trading code.”

The latest gift from the founder and CEO of hedge fund manager Citadel LLC is intended to inspire other donors to give more to the foundation that helps New York's underprivileged communities by supporting local non-profit organizations…..

Mr. Griffin is the first donor to have offered two challenge grants for the Robin Hood Foundation; his first was for $1 million in 2001. His donation record to the foundation spans 23 years and totals $24 million, including the most recent $15 million gift.

Hedge fund guru Griffin hopes to inspire others with donation [P&I]



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