Kenneth Griffin, the billionaire founder of the hedge fund Citadel, broke a real estate record on Wednesday when he closed on his purchase of a penthouse at 220 Central Park South for $238 million. It’s the highest price anyone has paid for a home in the United States, and $100 million above the previous record. He made his money as a trader Mr. Griffin’s financial career began when he was a student at Harvard, where he had a satellite dish installed on the roof of his dorm so he could trade in the relatively arcane area of convertible bonds. After graduating in 1990, he started Citadel as a small investing firm in Chicago. Citadel managed $29 billion at the start of this year, and Forbes has estimated that Mr. Griffin is worth more than $9 billion. He has a taste for pricey properties In addition to the New York penthouse and the London mansion, Mr. Griffin owns two floors of the Waldorf Astoria hotel in Chicago, which he bought for just under $30 million; a $59 million penthouse on Chicago’s so-called Gold Coast; and a $60 million condominium in Miami, among other properties. He’s a Chicago power player Mr. Griffin owns… Read full this story
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