Harvard to Rename School After Top Republican Donor Following $300m Gift
12th April 2023
Harvard University will rename its graduate school of arts and sciences after billionaire hedge fund executive and Republican megadonor Kenneth Griffin, the institution announced on Tuesday, after a new $300m contribution brought Griffin’s total support of his alma mater to more than half a billion dollars.
sGriffin, 54, is the founder and chief executive of Citadel, a $59bn hedge fund, and Citadel Securities, which trades securities. He is the 35th richest person in the world, with a net worth of $34.9bn, according to the Bloomberg billionaires index.
Griffin will be just the fourth individual to have a school at Harvard named after him in exchange for a donation, according to the Harvard Crimson student newspaper. His name will carry controversy thanks to Griffin’s stature as a major political donor to rightwing politicians and his company’s investments in firearm and ammunition manufacturers.
Money talks. Even Harvard can be bought.