The sum, which corresponds to 29.9 billion kronor, is described on the university's website as the largest private donation in history to an institution of higher education. By comparison, Uppsala University, with 50,000 students, has a turnover of just over 9 billion kronor.
$1 billion is being spent on the existing university campus in Pittsburgh, while $2 billion is being invested in a new campus in Miami, Florida, the size of 20 football fields.
According to Forbes, Griffin is worth $57.6 billion and has made a fortune as the founder and CEO of asset manager Citadel.
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