The wealthiest man in Chicago is relocating his $22 billion business out of Democrat Mayor Lori Lightfoot’s city. Hedge fund billionaire Ken Griffin, who is worth close to $29 billion, recently announced he was relocating from Democratic-led Illinois to Republican-led Florida. His company, Citadel Securities, which is estimated to be worth $22 billion, is also moving to Florida.
Citadel executives said that crime was a major reason for the move, however, it was not mentioned in the letter to staff. In a recent interview with the Wall Street Journal, Griffin stated, “If people aren’t safe here, they’re not going to live here. 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.”
According to the article, the decision will have a detrimental effect on Chicago’s financial situation. Griffin was Chicago’s richest man and donated millions of dollars to charitable organizations.
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