What does Ken Griffin know about uber-luxe real estate that we don’t?

September 12, 2019 | Hedge Funds, Real Estate

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

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