Right-Wing Billionaire Ken Griffin Is Florida’s Problem Now

The Citadel CEO spent $179 million trying to make Illinois a conservative hellscape. Now he’s taking his talents to South Beach.

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Billionaire hedge fund manager Ken Griffin is moving his company’s headquarters from Chicago to Miami. (Getty Images)


Last week, hedge fund manager Ken Griffin announced that he was moving Citadel’s headquarters from Chicago to Miami, remarking that the southern Florida city is a “vibrant, growing metropolis that embodies the American Dream.”

The timing of Griffin’s departure was no coincidence. Polls showed that Griffin’s $50 million gamble on Richard Irvin, his handpicked Republican candidate for governor, would go belly-up in Illinois’ primaries. On Tuesday, Irvin lost, bolstering the reelection chances of Griffin’s nemesis, Democratic governor J. B. Pritzker. As he packed his bags, Griffin — who spent about $418 per vote in the primary — blamed Pritzker for Illinois’ “out-of-control crime, high taxes, and continued corruption.”

A high-profile rich guy announces that he’s fleeing the Rust Belt for the Sunbelt after losing a pivotal matchup against an archrival. Sound familiar? It’s like an alternate reality version of The Decision, the ESPN documentary about LeBron James leaving the Cleveland Cavaliers for the Miami Heat. Imagine a conservative Wall Street billionaire playing the role of James and Florida governor Ron DeSantis as Heat president Pat Riley, and you’ve got The Decision II, the worst in a summer season full of bad remakes.

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