Citadel CEO Kenneth Griffin has bought a luxurious property in 220 Central Park South. The recent acquired real estate property cost the Billionaire hedge fund manager over $290 million.
The Real Deal reports that this is not the first time that Billionaire Kenneth Griffin has gone on enormous real estate buying spree. Records show that Griffin has bought properties in 3 different cities. In 2014, it has been noted that he acquired Waldorf Astoria hotel in Chicago 2 full floors. The Citadel CEO paid " $13.3 million for the 37th floor and $16 million for the 46th floor." The acquisition was all taken as single purchase, report says. It is also recorded by NY Times as "the most expensive residential purchase in Chicago history."
In September 2015, Griffin bought a penthouse in Faena House, Miami, Florida for $60 million. It is considered a record for Miami. It has also been said that "he paid $10 million over the asking price."
CNBC reports that Billionaire Kenneth Griffin had gone another buying binge of property in New York City. He recently purchased three full floors 220 Central Park South, which a total area of 18,000 square feet. It is also reported that the condo tower is still under construction. Additional details say that the property in Central Park South includes "a main residence as well as several other apartments that could be used for staff or guests. Mr. Griffin paid around $200 million for the space - a price that brokers say is a record in New York."
According to CNBC, there are other properties that belong to Mr. Griffin aside from he just bought in Chicago, Miami, and New York City. He also have real estate properties in Aspen, Colo., and Hawaii.
Out of Curiosity, Mr. Griffin has been asked why he is very interested in real estate. In fact, he seems not to be conscious to the prices of the properties that he buys. However, he declined to comment on the question.
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