<p>Ken Griffin of Citadel, a multibillion-dollar hedge fund, announced that he would move his company from <a href="http://dailywire.com/topic/chicago">Chicago</a>, Illinois, to Miami, <a href="http://dailywire.com/topic/florida">Florida</a>.</p>
<p>“Chicago will continue to be important to the future of Citadel, as many of our colleagues have deep ties to Illinois,” Griffin wrote in a Thursday letter to his employees, per <a href="https://www.wsj.com/articles/ken-griffin-moving-citadel-from-chicago-to-miami-following-crime-complaints-11655994600">The Wall Street Journal</a>. “Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world.”</p>
<p>Griffin — whose $29 billion net worth makes him the <a href="https://www.chicagobusiness.com/finance-banking/look-citadel-billionaire-ken-griffins-political-ambitions">richest man in Illinois</a> and places him within the 50 richest men on the planet, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a> — has already moved to Florida. He hinted to The Wall Street Journal earlier this year that crime rates may have prompted his decision.</p>
<p>“If people aren’t safe here, they’re not going to live here,” he told the outlet. “I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work. Countless issues of burglary. I mean, that’s a really difficult backdrop with which to draw talent to your city from.”</p>
<p>Under the leadership of Mayor <a href="http://dailywire.com/topic/lori-lightfoot">Lori Lightfoot</a> (D-IL), the city of Chicago <a href="https://www.dailywire.com/news/lightfoots-chicago-records-797-homicides-in-2021-most-among-u-s-cities">recorded 797 homicides</a> in 2021 — the highest of any American city.</p>
<p>Lightfoot’s office acknowledged that Citadel’s move is by no means a positive development. “We thank the Citadel team for their contributions to our city and their many philanthropic commitments, particularly around education, arts and culture and public safety,” a statement said. “Our economic outlook has never been stronger and we will continue to build upon a best-in-class recovery in the nation amongst large U.S. cities.”</p>
<p>Indeed, Griffin is heavily involved in philanthropy and owns over $1 billion in residential real estate, The Wall Street Journal reports. Citadel manages over $51 billion in investment capital, according to its <a href="https://www.citadel.com/about-citadel/">website</a>.</p>
<p>The office of Governor <a href="https://www.dailywire.com/topic/j-b-pritzker">J.B. Pritzker</a> (D-IL) — with whom Griffin has feuded — said in a statement that “countless companies” are still choosing to operate in Illinois.</p>
<p>“We will continue to welcome those businesses — including Kellogg, which just this week announced it is moving its largest headquarters to Illinois — and support emerging industries that are already creating good jobs and investing billions in Illinois, like data centers, electric vehicles and quantum computing,” Pritzker spokeswoman Emily Bittner said in a statement to The Wall Street Journal.</p>
<p>Citadel is the third major company to move its headquarters out of Chicago in the past two months, following earlier decisions from construction machinery maker <a href="https://www.nbcchicago.com/news/local/caterpillar-inc-to-move-global-headquarters-out-of-chicago-area-into-texas/2857142/">Caterpillar</a> and airplane manufacturer <a href="https://www.forbes.com/sites/joewalsh/2022/05/05/boeing-will-move-headquarters-from-chicago-to-dc-metro-area/?sh=2ffb83d863cf">Boeing</a>. The former planned a move to Irving, Texas, while the latter will relocate to Arlington, Virginia.</p>
<p>&#8220;We believe it&#8217;s in the best strategic interest of the company to make this move, which supports Caterpillar&#8217;s strategy for profitable growth as we help our customers build a better, more sustainable world,&#8221; Caterpillar CEO Jim Umpleby in a statement.</p>
<p>As with employees at Citadel, investment bankers in New York City — which also struggles with rising crime — <a href="https://www.dailywire.com/news/bankers-are-begging-their-employers-for-transfers-from-new-york-to-florida">overwhelmed</a> recruiters’ offices last summer with requests for moves to Florida. Meanwhile, one Disney executive cited Florida’s “business-friendly climate” when announcing plans to relocate 2,000 employees from California to the Sunshine State — but was forced to delay those plans amid the entertainment giant’s battle with Governor <a href="https://www.dailywire.com/topic/ron-desantis">Ron DeSantis</a> (R-FL) over parental rights legislation.</p>
<p>Florida saw the largest net domestic migration between July 2020 and July 2021, with over 220,000 residents moving to the state, according to the U.S. <a href="https://www.census.gov/newsroom/press-releases/2021/2021-population-estimates.html">Census Bureau</a>. Florida was followed by Texas and Arizona, while New York, California, and Illinois led the nation in terms of numeric decline.</p>

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Wealthiest Man In Illinois Moves His Business From Chicago To Miami Amid Feud With Democratic Leadership