After moving his Citadel hedge fund to Miami from Chicago, billionaire Ken Griffin believes The Magic City could someday surpass New York as the financial capital of the world.
“We’ll see how big Wall Street South becomes,” Griffin told Bloomberg News at a conference in Miami. “We’re on Brickell Bay, and maybe in 50 years it will be Brickell Bay North how we refer to New York in finance.”
“The density of talent, both in financial services and just writ large in New York City is among the top in the world,” he added. “It’s a very unique and powerful city…New York just has so much to offer. Having said that, Miami I think represents the future of America — incredibly vibrant economy.”