Surprising Fact
The Dade Heritage Trust is supporting the deal to move its headquarters off the plot of land in Brickell, the organization’s executive director Christine Rupp told Forbes. “We know it’s going to be a good outcome for our historic headquarters,” Rupp said, calling the sale an “amazing opportunity to own our building and own the land,” since the cottage and the land underneath are owned by the city. “Mr Griffin’s company is funding the move of our office, they’re also purchasing the lot,” Rupp said, but couldn’t disclose where exactly the cottage would be relocated to since the location hasn’t been finalized. “The Dr. Jackson Medical Office is a tangible link to Miami’s earliest days as a growing city with a frontier spirit,” David Millar, a spokesperson for Citadel, told Forbes in a statement. “We are proud to help secure its future in Coconut Grove, where it can continue to connect new generations with the people, places, and stories that helped shape Miami.”
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Forbes Valuation
We estimate Ken Griffin’s net worth at $52.2 billion, making him the 35th-wealthiest person in the world as of Thursday. He is the founder and CEO of Citadel, the hedge fund he founded in 1990 that now manages an estimated $68 billion in assets.
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Key Background
Griffin founded Citadel in Chicago, but announced the company would relocate to Florida in 2022 after he personally moved to the state. Since the announcement, Griffin has bought up real estate near his planned Miami headquarters, including paying an estimated $125 million to purchase every condo in a nearby residential tower, Bloomberg reported earlier this month. The billionaire also spent a reported $106.9 million for a mansion in Miami’s Coconut Grove—where he funded a $20 million effort to move a historic property once owned by William Jennings Bryan.
Further Reading
ForbesBillionaire Ken Griffin’s Citadel Becomes Latest Company To Move Headquarters Out Of IllinoisBy Anna KaplanForbesKen Griffin’s Citadel Suggests $6 Billion NYC Project May Be At Risk Over Mamdani TaxBy Zachary Folk