Billionaire Ken Griffin buys Palm Beach property worth $99M
Dolly Lenz Real Estate CEO Dolly Lenz and Dolly Lenz Managing Director Jenny Lenz on how billionaire Ken Griffin bought a New York penthouse for $238 million and how they are expecting property prices in New York City to drop in 2019.
Billionaire Ken Griffin is at it again: spending big on real estate.
The hedge fund manager, who is known for buying the most expensive home in the U.S. for $238 million in January, just spent $99.13 million on a mansion in Palm Beach, Florida, according to The Palm Beach Post.
The local newspaper cited sources familiar with the matter and a deed filing from the Palm Beach County Courthouse on Friday.
Ken Griffin spent more than $99 million on Friday to buy a 3.7-acre Palm Beach property adjacent to his 17-acre oceanfront property, according to a report from The Palm Beach Post. (Google)
The 3.7-acre property at 60 Blossom Way is just north of a 17-acre oceanfront property Griffin already owned, the outlet reported.
The off-market deal was the second-biggest in the city, according to The Post.
Griffin, the founder of Chicago-based hedge fund Citadel, has been building his Palm Beach estate since 2012 and has spent at least $350 million, The Post reported.
In January, Griffin made history by buying a $238 million residence in New York City. The property reportedly covers several floors inside the 79-story tower known as 220 Central Park South, overlooking Central Park.
The Wall Street Journal was first to report the deal is the most expensive U.S. home purchase on record.
Griffin is no stranger to record-setting real estate deals either.
Over the past few years, he has set most-expensive-home records in New York, Chicago and Miami.
Also in January, several Chicago-based media outlets reported that Griffin bought the top four floors of a tower in the city for $58.5 million. That price tag squashes the city’s previous record of $18.5 million paid by “Star Wars” creator George Lucas and his wife for a condo.
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In 2015, Griffin bought a Miami penthouse for $60 million, which set the record for a Miami condo. He also purchased a home in London for $122 million.
FOX Business’ Jade Scipioni contributed to this report.