What does Ken Griffin know about uber-luxe real estate that we don’t?
The billionaire, hedge fund manager, paid nearly $100 million for a Palm Beach property next to one he already owned
Ken Griffin is the U.S. titleholder for owning the most expensive home in the country. He has a penchant for acquiring the most costly and luxurious properties in the priciest cities across the globe.
He already owned the most substantial home in Palm Beach, Florida – located at 1290 S. Ocean Boulevard. His latest purchase is the adjacently located, 27,000 square-foot property at 60 Blossom Way, north of the existing estate.
Unsurprisingly, the transaction ranks as the second most expensive sale ever in Palm Beach.
At a rough estimate, his total acquisitions in the area, since 2012, now aggregate about $350 million.
Griffin’s Eye-Popping New York Purchase
In January this year, Ken Griffin made waves with his $238 million acquisition of a 24,000 square-foot penthouse on Central Park South.
Known as Manhattan’s billionaires’ bunker, the building is extremely secretive. Griffin owns four floors – from the 50th to the 53rd floor.
The Other Ken Griffin Uber-Luxe Properties
These include 3 Carlton Gardens, London – $122 million – a townhouse near Buckingham Palace, London. The four floors at No. 9 Walton, Chicago cost Griffin $58.75 million.
“His real estate purchases are clearly the gems of the markets he’s bought into,” says Jay Phillip Parker, CEO, Florida division, Douglas Elliman Real Estate.
Apart from real estate trophy-hunting, we wonder if there is some other, a more astute financial angle to these acquisitions.
Griffin also made waves this year when he poached a large number of
Latest Alternative Investment News
Nigerian startup Infibranches Technologies has received funding of $2 million from All On, an impact investing organization backed by Shell (NYSE: RDS.A). Infibranches will use the funds for customer acquisition,…
Indian used car platform Cars24 has raised $450 million comprising a $340M Series F equity round and $110M of debt. The capital funding valued the startup, founded in 2015, at…
In an innovative move, UK-based neobank Revolut is offering most of its 2,000 employees “permanent flexible working,” allowing them to choose when and how often they would like to work…
Accelerate Financial Technologies’ world-first Carbon Negative Bitcoin ETF (TSE: ABTC), now trading on the TSE, offsets more than 100% (“negative”) of the estimated carbon emissions from associated bitcoin mining and…