Contrary to earlier reports that a Qatari billionaire was purchasing the much ballyhooed single penthouse aptly named 'billionaire's bunker', the real purchaser is actually hedge fund billionaire Ken Griffin. In a report from PageSix, the unit on 220 Central Park South would be combined with others on site to complete one whole property.
The plan, as reported on Variety, would be to combine a number of penthouse units into one single one. The deal would not just cost Griffin, and estranged wife Anna Dias Griffin, the $200 million but also millions more in upgrades and renovations. This is no problem though for the Citadel founder but the renovations can only start once the tower has been completed, which is a good two years away.
Before that happens, Griffin has to contend with a messy divorce, according to a report from the Daily Mail. Anna is demanding $1 million in child support per month. The NY penthouse, once completed, is also projected to be part of the assets the couple would be fighting over.
Amongst that asset list, according to the same Variety report, is a ski residence in Aspen, CO near the Maroon Creek Golf Course worth over $13 million, three properties in Four Seasons Hualalai on the Kona Coast of Hawaii worth over $28 million, $130 million worth of property in Mar-a-Lago Resort in Palm Beach, FL and units in Wadorf Astoria Chicago's 46th and 47th floors worth over $29 million.
Ken Griffin's success started when he was in Harvard and started investing as a hobby. After graduation he opened his own hedge fund, Citadel, which now manages nearly $26 billion in assets alone.
On the personal side, Griffin's reported monthly income is a whopping $68.5 million per month after taxes. This translates to about $2.2 million earnings per day per month every month for the year. According to Forbes, Ken Griffin is worth $7 billion as of Sept. 11, 2015.
