Billionaire Ken Griffin decided it was time to relocate the headquarters of his giant hedge fund Citadel from Chicago after a colleague was robbed while having a gun pressed to his head during a coffee run, according to a report.
Griffin, whose net worth is pegged by Forbes at $31 billion, announced earlier this year that his family and the investment firm would decamp from the Windy City in favor of Miami.
The 53-year-old financial tycoon cited Chicago’s soaring rate of violent crime as a key factor in the decision, telling Bloomberg News that he has personally been affected by Chicago’s descent into what the news site calls “anarchy.”
One of his colleagues went to get coffee when he was accosted by an armed assailant who put “a gun to his head” and robbed him, Griffin told the site.
Griffin said another colleague was outside waiting for a car when he was approached by “some random lunatic just trying to punch him in the head.”
Meanwhile, the Miami native is wasting no time in putting his stamp on his hometown, which is evolving into what observers call “Wall Street South.”