Monday , November 11 2019

Ken Griffin spends $99mn for Florida beachfront house

Bloomberg

Ken Griffin’s splurge on luxury real estate properties shows no signs of abating.
The hedge fund titan spent $99.1 million for a beachfront house adjacent to his existing Palm Beach estate, according to the Palm Beach Post, citing sources with knowledge of the transaction and a deed filing.
A Palm Beach County document confirmed the purchase price, but didn’t identify the buyer.
A spokesman for Griffin didn’t immediately respond to requests for comment.
The Citadel founder set a US record this year with the purchase of a $238 million penthouse at 220 Central Park South. That came days after Griffin paid about $122 million for a 200-year-old mansion overlooking London’s St James’s Park about a half mile from Buckingham Palace. The 20,000 square-foot building includes a gym, pool and underground extension.
Before that, Griffin had bought real estate in New York and Chicago worth more than $500 million, according to calculations by Bloomberg, including two floors of the Waldorf Astoria hotel in Chicago. He’s now spent $350 million to build his Florida holdings.

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