Chicago to Miami: A Billionaire's Move for a Brighter Future

The Decision to Leave Chicago

Ken Griffin, CEO of Citadel, a prominent hedge fund, recently shared his reasons for relocating his family and business from Chicago to Miami. He cited high crime rates as a significant factor, mentioning incidents such as bullets flying through his colleagues' cars and 25 bullet holes in his own building. Griffin felt that Chicago was struggling with crime and poor policies, making it a challenging place to live.

A New Beginning in Miami

After moving to Miami in 2022, Griffin noticed a stark contrast. He appreciated the positive conversations about children and the future, a stark difference from Chicago's focus on crime and failed policies. Griffin believes that entrepreneurs need optimism to thrive, and Miami's atmosphere provides just that.

Florida's Growth and Appeal

Miami and other parts of South Florida have experienced significant growth. More millionaires are moving to Florida than to New York City, attracted by lower taxes and a lower cost of living. This trend is expected to continue, with Florida's population projected to grow rapidly in the coming years.

Lessons for New York City

Griffin commented on the recent mayoral election in New York City, hoping that the new mayor, Zohran Mamdani, will prioritize education, public safety, and community pride, much like Florida has. He believes that Miami's success stems from these factors and hopes New York can learn from them.

A Positive Outlook

Overall, Griffin is pleased with his move to Miami. He values the safe streets, strong community, and positive outlook on the future. He commends Florida's leadership and hopes other cities can follow their example.