Meet Ken Griffin, the businessman who founded and runs Citadel, a Miami-based hedge fund company. Mr. Griffin manages more than $60 billion of his assets through Citadel and Citadel His Securities, and trades more stocks than any other company in the world.
Mr. Griffin, 55, is the 36th richest person in the world at the time of writing, with an estimated net worth of US$36 billion, according to Bloomberg. After moving his headquarters from Illinois to Florida in 2022, he is now officially the Sunshine State’s richest individual. And he’s making sure his next home in Palm Beach proves just that…
Jeff Bezos’ multi-million dollar real estate portfolio, from Indian Creek to New York
Jeff Bezos’ multi-million dollar real estate portfolio, from Indian Creek to New York
Billion dollar real estate in Palm Beach
Griffin spent at least $450 million and more than a decade securing this part of Palm Beach. He finally received approval in 2022 to proceed with construction on the ocean-front land on the northern portion of the site. The mansion will be home to him, his family, and his mother, who will purchase her own pad on the property.
Penthouse on Billionaires Street in New York City
In 2019, Griffin spent $238 million on a four-story penthouse at 220 Central Park South in Manhattan, according to Business Insider. This is the highest price ever paid for a home in the United States.
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Record sales in Chicago
Before Mr. Griffin’s recent move, Citadel’s headquarters were in Chicago for 30 years, so it’s no wonder Mr. Griffin owns a luxury home there. As recently as 2018, he once again broke the record for the largest home sale in the city’s history when he paid US$58.5 million for a Gold Coast condo.
He has various other properties in Chicago. According to the Chicago Tribune, Griffin sold two penthouse condos in the city’s Park Tower before moving to Florida. Apartments on the 66th and 67th floors were listed for US$13.25 million and US$15.75 million.
King Charles’ new neighbor in London?
According to the Guardian, Griffin bought a 16,000 square foot property in London in 2019 for US$122 million, making it the most expensive home sold in the British capital in nearly a decade. .
Other homes in Miami
The upcoming Palm Beach mega-property won’t be Griffin’s only property in Florida. He also purchased philanthropist Adrienne Arsht’s two bayfront homes in Coconut Grove in 2022 for $106.9 million, making them the most expensive homes in Miami-Dade County, according to the Los Angeles Times. This is a new record for single-family homes.
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Together, the two homes offer 25,000 square feet of living space and a total of 12 bedrooms. There is also another historic home on the property dating back to 1913.
Takeover of Star Island
According to The Real Deal, there is no more special address in Miami than Star Island. So, in true Griffin fashion, he visited and photographed several nearby homes on artificial islands. Over the course of several years, he purchased houses 8 through 14 for US$169 million, making him the largest property on the celebrity island, spanning 6.5 acres. The island is home to stars such as Gloria Estefan, Sean “Diddy” Combs, and Enrique Iglesias.
Of course, Griffin also has a vacation home.
According to the New York Post, Griffin paid $84.4 million in 2020 to buy Calvin Klein’s seven-acre property at 650 Meadow Lane in the Hamptons as a vacation home. He also reportedly owns multi-million dollar vacation homes in Hawaii and Aspen.