Ken Griffin, the US hedge fund billionaire who bought London’s most expensive mansion earlier this year, has
added to his property portfolio by spending $99.1m (about £80.2m) on an estate
Reports say Griffin has purchased an eight bedroom, 18,500 sq ft house on a waterfront plot at Palm Beach. The sale is Palm Beach’s second largest residential transaction ever and means that Griffin has now spent $350 on 19 acres of Palm Beach property.
Griffin’s other recent
property investments include spending $238m on a New York Penthouse overlooking
Central Park, and $122m on a mansion in London’s Carlton Gardens, close to
Ken Griffin is the CEO of
hedge fund Citadel, which he founded in 1990, and has an estimated net worth of
$11.7bn. Interestingly for property investors though, for someone who
specialises in the business of risk, Griffin’s
property investments don’t appear to be that risky. His acquisitions tend to be
mostly in tried and trusted high end property markets.