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Ken Griffin Pledges Record $3 Billion To Carnegie Mellon, With $2 Billion Going To Miami
Mamdani wants New York’s billionaires to cough up more money. Maybe he should call Florida and ask how they’re getting them to hand it over voluntarily.
Because Miami just scored a $3 billion pledge from billionaire Ken Griffin, with $2 billion earmarked for a brand new Carnegie Mellon campus in the city, according to Forbes.
The massive commitment represents Griffin’s latest investment in Miami’s evolution into a major center for finance, technology and entrepreneurship. The Citadel founder is directing the bulk of the money toward establishing Carnegie Mellon in South Florida, adding a major research university to the city’s rapidly expanding business ecosystem.
Under the plan announced Wednesday, Carnegie Mellon will develop a 35-acre campus in Miami’s Wynwood neighborhood. Work on the project is slated to begin in 2027, with the first graduate students expected to arrive in 2028.
Another $1 billion will go toward Carnegie Mellon’s operations in Pittsburgh. That money will support financial aid and other university priorities, while a substantial portion will be directed to its renowned computer science program, which will take the new name Kenneth C. Griffin School of Computer Science.
The university says Griffin’s $3 billion pledge is the largest individual donation ever made to an American university. Griffin is also set to take a seat on Carnegie Mellon’s Board of Trustees.
Forbes writes that the deal marks another significant expansion of Griffin’s footprint in Florida. Citadel moved its headquarters from Chicago to Miami in 2022, and Griffin has since poured roughly $2.4 billion into South Florida organizations and initiatives, including substantial support for education, according to Reuters.
For Miami, the university project could ultimately have an impact well beyond Citadel’s own presence in the city. Carnegie Mellon plans to concentrate its new campus on fields including national security, healthcare, energy, climate resilience, advanced manufacturing and industrial technology, giving Miami another potential anchor as it attempts to build a larger technology and research economy.
Griffin has framed the commitment as an investment in American innovation and future job creation, particularly in industries where the United States can strengthen its competitive position globally.
The sheer size of the pledge also resets the bar for university philanthropy. Michael Bloomberg’s $1.8 billion contribution to Johns Hopkins in 2018 was among the previous benchmarks. With this latest commitment included, Reuters estimates Griffin’s lifetime charitable giving at approximately $5.7 billion.
For cities trying to figure out how to get billionaires to part with their money, Miami may be offering an interesting example: make them want to put their capital there, and the checks can get awfully large.
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Ron Paul: The Coming GOP Bloodbath?
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
Most indicators suggest that the Republicans in the House and Senate are going to face a brutal backlash from the American people in November. Polling with generic ballots suggest a big win for the Democrats and likely the loss of Republican control of both houses of Congress.
There is little reason to cheer a Democratic party victory, however Republicans in charge have for the most part earned what is coming to them. They have refused to uphold their Constitutional obligation to take leading responsibility for war powers.
Earlier this year, President Trump launched what is the most unpopular war in US history when on February 28th he ordered a full US assault on Iran. Iran had not attacked or even threatened the United States and our own intelligence community continued - and continues - to claim that Iran is not building nuclear weapons.
The February attack followed last June's US bombing of Iran after which the president claimed that the country's nuclear program was "completely obliterated."
Congress over too many years has been used to allowing the President to have his own way on matters of war and peace. Members bask in the false patriotism promoted by the media and special interests as the people "rally around the flag." Eventually, when the war has gone on for years without "victory" - as in Iraq and Afghanistan - many claim they were never really for the war in the first place.
This time is different. There was no propaganda blitz. There were no attempts to convince the American people that the "smoking gun" could be a "mushroom cloud" as we were told in the run up to the 2003 Iraq war. The majority of Americans were against the war on Iran before it started and only became more opposed over time.
As the war drags on, we have seen the national debt pass $40 trillion, diesel fuel prices at the highest ever, and inflation hitting the middle class and poor even harder. The "cakewalk" again failed to materialize.
Incumbent Republicans seeking re-election are in such a panic over voter anger about the war that they have taken to calling for a quick end to it while on the campaign trail. When they get back inside the Beltway, however, they vote to keep the war going for fear of President Trump's anger.
This is not leadership.
Late last week the Iranian delegation in New York for the UN General Assembly meeting offered an off-ramp. Essentially it was the same Memorandum of Understanding that President Trump signed last June and promptly disregarded, but on a shorter timeline. By Sunday, the President announced that he would reject the deal - a deal like one he already signed.
There is no strategy for winning this disastrous war, it is clear. From over-confidence on decapitation strikes to certainty of a quick military victory, the Administration is now promising that they will win by crippling Iran's economy. The problem is that Iran has been operating under "crippling" sanctions for decades and has a high economic pain tolerance.
Unfortunately, both parties in DC are war parties, so again it is hard to cheer the likely Republican losses. But sometimes electoral losses can serve as wake-up calls. Eventually we may see the re-emergence of antiwar Republicans in the spirit of the late Sen. Robert Taft and a restoration of the Constitution.
We publish a variety of perspectives. Nothing written here is to be construed as representing the views of ZeroHedge.
Tyler Durden Wed, 09/30/2026 - 20:20