India, Sept. 30 -- Citadel CEO Ken Griffin has committed $3 billion to Carnegie Mellon University (CMU). The donation was announced on Wednesday and includes $2 billion specifically to create a new CMU campus in Miami.

The $3 billion donation is being described as the biggest individual gift ever made to a higher education institution. Carnegie Mellon called the contribution "historic" in a statement. The previous record was $2 billion. Nike co-founder Phil Knight and his wife Penny gave that amount to Oregon Health & Science University in August 2025, according to CNBC.

Griffin is one of the world's richest people. Bloomberg estimates his wealth at $57.5 billion. He will also join Carnegie Mellon's board of trustees. The Miami campus i...