Chicago’s Richest Man Moves $22B to Miami Following Crime Complaints
Chicago’s wealthiest man is moving his $22 billion company from Mayor Lori Lightfoot’s (D) city to Miami over complaints about crime.
Ken Griffin is moving his hedge fund, Citadel Securities, to Florida, citing the state’s business environment.
“If people aren’t safe here, they’re not going to live here,” Griffin told the Wall Street Journal.
“I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work, countless issues of burglary. I mean, that’s a really difficult backdrop with which to draw talent to your city from.”
Griffin’s relocation will negatively impact the finances of both Chicago and Illinois as a whole. According to spokesman Zia Ahmed, he had donated hundreds of millions of dollars to local charities while living in the Windy City.
Crime in Chicago has jumped since the COVID-19 pandemic, increasing by 36% in 2021.