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Fortune
Fortune
Sheryl Estrada

The hedge fund billionaire betting Miami can rival New York's Wall Street

Ken Griffin, founder and CEO of Citadel. (Credit: Getty Images)

Good morning. Ken Griffin, founder and CEO of Citadel, is making a bold, long-term wager, not just on his $69 billion hedge fund or his $2.5 billion Norman Foster-designed headquarters rising on Biscayne Bay. He’s betting on Miami as the next great American business capital.

That is the premise of a new Fortune feature by my colleague Shawn Tully, which explores Griffin’s efforts to reshape Miami and influence American politics. For CFOs weighing corporate footprint decisions, Griffin’s Miami playbook offers a compelling case study. In 2022, Citadel moved its headquarters from Chicago to Miami, becoming one of several investment firms that shifted to Florida post-pandemic.

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