Griffin, 54, is one of the world’s richest individuals, with a personal net worth of $35 billion, according to the Bloomberg Billionaires Index. Of its current 20,000 students, 95% are children of color who were admitted to the program through a lottery system, according to a release. The Success Academy is New York City’s largest charter-school network – operating a total of 49 elementary, middle and high schools. “I passionately believe that a good education is the on-ramp to the American Dream.” “I am thrilled to support Success Academy’s work to expand access to high-quality education for thousands of students across New York City,” Griffin said in a statement. That would make a 50% increase from its current capacity of 20,000 students. The $25 million gift – the latest in a series of education-focused donations by Griffin – will aid Success Academy’s goal of increasing its enrollment to 30,000 within the next five years, the operator said on Tuesday. SVB bailout shows ‘capitalism breaking down before our eyes’: hedge fund titanĬitadel’s Ken Griffin says Fed rate hikes like ‘having surgery with a dull knife’īillionaire Citadel boss Ken Griffin is donating $25 million that will help fund a planned expansion of the Success Academy’s charter-school network in New York City. Wall Street titans warn of crisis after SVB’s failure: ‘Canary in the coal mine’ Ken Griffin inks massive deal with Steven Roth, William Rudin to expand Citadel’s NYC footprint
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