Ken Griffin, the billionaire CEO of US hedge fund Citadel, not only owns the most expensive home in the UK, but also the most expensive home in the US – plus a portfolio of other superlative properties, it has emerged this week.
Griffin recently bought 3 Carlton Gardens in St. James’s and close to Buckingham Palace. The £95m sale price made it London’s most expensive property purchase in recent years. He has also bought a £182m penthouse overlooking New York’s Central Park. Other recent purchases are said to include a £45m penthouse in Chicago, two properties in Hawaii worth £23m, £112.5m of property in Florida including a single £55m property and an estate in Aspen, Colorado for £10m.
While the popular press gasp at how just one person can own so many expensive properties the real story here is overlooked by most of them: Even an obviously astute hedge fund billionaire (Griffin is said to be worth around $10bn) recognises the importance of keeping part of his fortune in bricks and mortar. Not only that, he has selected the most proven premium locations – locations where properties are very far from a speculative bet.