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Ken Griffin is building a massive vacation home. 1

Ken Griffin pays whopping $85M for Palm Beach property

January 15th, 2017

Chicago billionaire philanthropist Ken Griffin has paid $85 million for an oceanfront estate in Palm Beach, Fla., that neighbors property he already owns there.

It’s the second-highest-dollar single real estate transaction ever, according to the Palm Beach Daily News. First was a 2008 deal by President-elect Donald Trump, who sold a renovated mansion in the area for a $95 million.

Griffin, the founder of the Chicago-based hedge fund company Citadel and the market-maker Citadel Securities, plans to build a massive estate. The vacation home will straddle the two properties he now owns and will be designed by San Francisco-based architect Ugo Sap.

The Daily News says Griffin now owns more than 12 acres of contiguous land with about 871 feet of oceanfront. The tab for all that property: $229.85 million.

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One Response to Ken Griffin pays whopping $85M for Palm Beach property

  1. Pingback: Caught scamming customers, Ken Griffin settles with the SEC. | Fred Klonsky

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