Billionaire Investor Buys Most Expensive Home In US History

A hedge fund manager has added to his collection of homes by purchasing the most expensive home in U.S. history. Ken Griffin bought a $238 million four-story condo on Central Park South in New York City, according to media reports.

Griffin, an American investor and philanthropist, has a slew of high-end properties, including a recently purchased $122 million mansion in London, a $60 million penthouse in Miami, a $58.7 million condo in Chicago, and $250 million worth of land in Palm Beach, reports the New York Post. The record purchase was first reported by the Wall Street Journal.

Griffin’s new NYC condo—which is close to move-in condition—is a whopping 24,000 square feet and encompasses four floors. It’s housed in a limestone-clad building with private dining rooms, a sports club, juice bar, library, and basketball court. Singer Sting and his wife Trudie Styler will reportedly be neighbours.

“He’s definitely a global trophy hunter and he bought what would arguably be now the number one building in New York,” said Donna Olshan, president of Olshan Realty Inc., via The Straits Times.

“I don’t think that the fact that he buys an extraordinary trophy property speaks anything about the market. It’s just this is what he does and you have to look at it as a one-off. Hats off to the developer for that kind of sale.”

The price tag supersedes the previous record for most expensive home in America. In 2014, an estate an East Hampton was sold to investor Barry Rosenstein for $137 million.

Earlier this month, Griffin, 50, purchased a 200-year-old, 20,000 square-foot London home located near Buckingham Palace with its own gym, pool, and underground extension.

The Florida native first started investing as a student at Harvard University in the mid-eighties. He founded Citadel in 1990 and is worth US$9.6 billion, according to the Bloomberg Billionaires Index.  He is the richest man in Illinois and the 52nd richest person in the United States.

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