August 14, 2022

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Citadel’s Ken Griffin loses $50 million guess in Illinois Republican main

CHICAGO — Hedge fund billionaire Ken Griffin misplaced his $50 million guess within the Illinois Republican main for governor on Tuesday after the suburban mayor he helped emerge from relative obscurity offered to a staunch conservative had misplaced, who benefited from democratic promoting.

Darren Bailey, a farmer and senator from southern Illinois accepted by the previous President final weekend donald trump, was declared a GOP winner by the Related Press. In November’s election, he faces Democratic Governor JB Pritzker, a billionaire and the nation’s wealthiest elected official.

The Griffin-funded candidate, Aurora, Illinois Mayor Richard Irvin, was underperforming in polls forward of Tuesday’s last election day.

Richard Uihlein — billionaire founding father of privately held workplace provides firm Uline, who rivals Griffin among the many prime Republican donors within the nation — backed Bailey.

The overall election race is classed as “solidly democratic”. by the bipartisan Cook dinner Political Report. Pritzker, whose self-funding helped set a nationwide spending report for a gubernatorial race in 2018, gained then with 54.5% of the vote. Democrats maintain all state elected workplaces in Illinois.

Griffin’s bills helped make this 12 months’s race the costliest mainline competitors in the US to this point. The founding father of hedge fund agency Citadel and market maker Citadel Securities won’t again Bailey within the basic election, spokesman Zia Ahmed mentioned.

An expanded model of this report seems on WSJ.com.

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https://www.marketwatch.com/story/citadels-ken-griffin-loses-50-million-bet-in-illinois-republican-primary-11656470631?rss=1&siteid=rss Citadel’s Ken Griffin loses $50 million guess in Illinois Republican main

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