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Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

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Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
Politicscampaign finance

Hedge fund billionaire Ken Griffin, a top GOP donor, gives $500,000 to Miami-Dade County’s Democratic mayor

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Anna J. Kaiser
Anna J. Kaiser
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Bloomberg
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July 6, 2024, 11:15 AM ET
Ken Griffin speaks at conference
Ken Griffin, who moved to Miami from Chicago two years ago, gave $500,000 to Daniella Levine Cava’s campaign in June, according to a filing. Lionel Ng—Bloomberg/Getty Images
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Ken Griffin, a major donor to Republican politicians, is backing the reelection of Miami-Dade County’s Democratic mayor, as the founder of Citadel expands his political clout in his new home base.

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Griffin, who moved to Miami from Chicago two years ago, has given $500,000 to Daniella Levine Cava’s campaign in June, according to a filing. Cava, 68, was elected as the county’s first woman mayor in 2020. The position is nonpartisan.

A spokesperson for Griffin didn’t immediately reply to a request seeking comment outside of business hours. So far, Cava’s political action committee has raised $1.6 million this year, with Griffin’s being the largest individual contribution.

Griffin, who’s worth $42 billion, according to the Bloomberg Billionaires Index, has given over $60 million to GOP candidates this election cycle. Since moving to Miami in 2022, he’s vowed to become more involved in Florida politics and has donated to other local politicians including Governor Ron DeSantis and the city of Miami mayor, Francis Suarez.

In South Florida’s tiered government structure, the county mayor has substantial more power than her city counterparts, including Suarez. Unlike Suarez, a one-time Republican presidential contender who’s come under fire for conflicts of interest on his side jobs, Cava’s position is full time. Back in 2023, Griffin donated $1 million to Suarez’s local political action committee.

As Miami-Dade County mayor, Cava oversees 34 cities, including Miami, an annual budget of about $10 billion and nearly 30,000 employees. 

Griffin has also given money to charities endorsed by Cava. That includes $5 million to a park and bike pathway and $3 million to a nonprofit Cava’s administration also backed, the Miami-Dade Innovation Authority Inc., which hands out grants for companies working on solutions to issues like housing and climate change.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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