Miami's Private School Pinch: A Hedge Fund Mogul's Dilemma

Ken Griffin, the billionaire boss of Citadel, is facing a unique challenge as he moves his hedge fund from Chicago to Miami. You might think the main issue is the cost of relocating, but insiders say it's something else. Miami's private schools are struggling to keep up with the influx of wealthy families. Griffin, like many others moving from big cities, is concerned about education for his kids. But finding a spot in one of Miami's top private schools is tough. A quick search online shows that options are limited. Ransom Everglades is one of the best, but the waitlists are long. Miami's population has been booming, especially with people fleeing strict COVID lockdowns and rising crime in places like New York and Chicago. Big businesses, including Citadel, are setting up shop here for the lower taxes. This has led to a surge in millionaires, putting pressure on the city's high-end schools. Insiders say Griffin is worried about the school shortage more than anything else. A Citadel spokesperson didn't comment on the matter.

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