Hedge-fund billionaire and Citadel CEO Ken Griffin has pledged a record-breaking donation of $3 billion to Carnegie Mellon University, including $2 billion to establish a new campus in Miami, in what the university says is the largest single donation ever made by an individual to higher education. According to a report by the Wall Street Journal the majority of the funding will go toward building a 35-acre Carnegie Mellon University campus in Miami's Wynwood neighbourhood, while an additional $1 billion will support the university's main campus in Pittsburgh.