Billionaire hedge fund manager Ken Griffin isn’t just investing in stocks, he’s also investing in politics — to the tune of $40 million in the upcoming midterm election cycle, according to a report.
Griffin, who made more money than any other hedge fund manager last year — raking in $2 billion in 2021 alone — has also become the No. 1 donor to Republican causes, according to the Wall Street Journal’s tabulations.
And Griffin, 53, is particularly focused on reining in crime and improving education.
“I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work,” Griffin, who is based in Chicago, said in an interview with the Wall Street Journal. “That’s a really difficult backdrop with which to draw talent to your city.”
While it takes safety for a nation to flourish in the short term, it also takes a substantive education system to maintain a thriving country, Griffin argues.
“Nothing is more important to the future of America than a robust nursery through high school, and then a system of higher education,” Griffin adds. “A huge part of my shift towards being more involved in politics has been watching federal and state policies undermine access to the American Dream.”
Griffin is quick to acknowledge not everyone shares his political viewpoints.
But he still encourages those who disagree with him to get involved and donate to causes they care about as well.
“Too many of America’s business leaders stay out of politics today,” Griffin said “They have to be engaged because they understand the ramification of policy decisions: I’m building a business; I’m running a factory; I’m creating jobs. They just can’t continue to be silent.”
Griffin, who’s worth an estimated $30.5 billion, according to Bloomberg Billionaires Index, has slowly ramped up his involvement — and his election spending — over the last decade.
In 2010, he gave under $1 million to political causes. In 2020, he gave more than $67 million to political causes.
While he’s donated broadly to issues, he is also interested in supporting individual candidates.
He has given $5 million to a political action committee associated with Florida Gov. Ron DeSantis. He’s also donated $7.5 million to a PAC associated with Pennsylvania Republican gubernatorial candidate David McCormick. McCormick left his CEO perch at posh hedge fund Bridgewater Associates to run against Dr. Mehmet Oz.
Griffin is less enthusiastic about one politician in particular: Donald Trump. Griffin has criticized Trump’s unsubstantiated claims that the 2020 election was rigged and adds it’s time to look to “the next generation” of candidates for the 2024 election cycle.
The document, which is one of 13 original copies from 1787, was initially valued by Sotheby’s at $15 million to $20 million.
But Griffin said he decided he’d spend whatever it took to get it.
“I told myself, ‘I am going to own this,’” Griffin said. “I don’t do that very often.”