Billionaire Boss Treats His 10,000 Employees To 3-Day Trip To Walt Disney World

By Haider Ali in News On 9th December 2022
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Citadel CEO and founder Ken Griffin thanked his colleagues warmly following an incredible year.

The wealthy entrepreneur has used his own money to pay for 10,000 employees and their families to visit Walt Disney World in Florida for three days.

Well, we have to say he has earned the title of "best boss ever." We dare you to discover a boss who has done something more impressive.

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Yeah, you can't.

According to Forbes, the hedge fund titan is worth approximately USD 31.7 billion ($AUD47.1 billion, £25.9 billion). That places him as the 40th richest individual in the world.

While we believe putting on such an event for the entire company would have been a costly endeavor, he can definitely afford to pay for his employees... and then some.

Citadel spokesman Zia Ahmed confirmed that the billionaire paid for flights from New York, Houston, Paris, Zurich, and other destinations.

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He also paid for hotel rooms, theme park tickets, and meals ranging from lamb chops to sushi and paella.

Griffin hired Disney World exclusively for Citadel and also paid for Coldplay and Carly Rae Jepsen to perform on the DJ decks alongside Diplo.

The 54-year-old entrepreneur gave thanks to his employees for a successful year of hard work and excellent profits.

"We have built the most extraordinary team not only in our history but also in the history of finance," Griffin told the crowd, as per the New York Post.

"We have an incredible future ahead of us - and I look forward to the chapters yet to be written."

As Wall Street struggles following a difficult year, this was Griffin's way of thanking all of his hard workers for turning things around, with Citadel achieving spectacular returns.

According to Ahmed, this year is shaping up to be a record year for Citadel and Citadel Securities.

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The hedge fund firm oversees $59 billion in assets (AUD87.6 billion, £48.3 billion), which is much more than Griffin's extravagant personal worth.

Citadel, in striking contrast to the rest of Wall Street, said that its flagship Wellington fund returned nearly 32% through the end of November.

Citadel Global Fixed Income Fund has up 28.1 percent this year, and Citadel Tactical Trading is up 22.4 percent.

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Citadel Equities Fund is also up 17.8 percent, according to one investor quoted by Reuters.

The hedge fund has left the rest of New York's financial area in the dust, with the average loss for the other financial players in Lower Manhattan being around 4%.

The benchmark US S&P 500 stock index has dropped 16% as the Federal Reserve comes to grips with high inflation and the prospect of a US recession.