Citadel leader Ken Griffin reportedly just bought the most expensive piece of residential real estate in Miami’s history.
The hedge fund billionaire is the mystery buyer of businesswoman Adrienne Arsht’s $106,900,000 home, The Real Deal announced Wednesday. Griffin already has homes throughout South Florida, but the new estate puts his bed just two miles from his new offices in Miami, the outlet noted.
Griffin announced the migration of Citadel’s headquarters from crime-ridden Chicago to the tropical paradise of South Florida in June. “Over the past year, many of our Chicago teams have asked to relocate to Miami, New York, and our other offices around the world,” Griffin wrote in a letter to staff, viewed by the Daily Caller.
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Winter will be a thing of the past for Griffin, as he’ll likely spend the colder months in the four-acre waterfront Coconut Grove estate. “As the steward of this beautiful property, I am proud to leave its legacy to the next generations of caretakers,” philanthropist Arsht said in a statement, according to the New York Post. She reportedly plans to donate the proceeds of the sale to charity, and hopes the new owners “enjoy the breathtaking view!” (RELATED: Here’s Why America’s Biggest Companies Are Fleeing Blue States)
Arsht had the main five-bedroom home constructed in 1999, flush with 20-foot ceilings, a primary bedroom suite featuring a full gym, a six-car garage, a bayfront pool and a plethora of other lavish amenities, The Real Deal noted. Even with all of the glitz and glamour, Griffin reportedly managed to snap up the pad for 29% below the original asking price of $150,000,000.
Tech leader Phil Ragon originally held the most expensive purchase in Miami’s history, in June paying $93 million for three adjacent oceanfront homes in Golden Beach, the NY Post wrote in another article.