| Griffin’s ambitions go beyond his firm’s expansion in Miami.
The Florida native predicted Miami could eventually eclipse New York as the country’s financial hub.
That’s no easy task, even for someone with Griffin’s considerable wealth and influence.
A similar switch was suggested for the startup community, which has long viewed the Bay Area as ground zero for young, innovative companies. Plenty deemed San Francisco dead a few years ago.
But the region has resurrected itself and its critics are returning as companies focused on the hottest tech — generative AI — have flocked to the area.
Meanwhile, cities like Austin that were viewed as a landing spot for startups exiting the Bay Area have failed to fully pan out.
Miami hasn’t materialized into the tech hub it was once pitched as becoming, either. And not all of Florida’s pandemic transplants have been happy, with some saying the overcrowding and expenses led them to regret their move.
But Griffin is committed to the region. He’s donated tens of millions of dollars to local universities and plans to eventually build the most expensive home on Earth there, according to the New York Post.
And when the world’s most successful hedge fund plants its flag squarely in a city, people tend to notice. |
