Meadow Lane in Southampton has been dubbed "Billionaire Lane" thanks to its bevy of ultrawealthy residents. According to The Wall Street Journal, the top-floor penthouse measures approximately 8,270 square feet and includes five bedrooms, a 7,300-square-foot wraparound terrace and a rooftop deck with built-in pool, while the second unit, one half of the 15th floor, measures about 4,240 square feet. All Rights Reserved. Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. Joshua Boucher/The State/Pool Ken Griffin, the founder of Citadel, now owns a stunning penthouse condominium which overlooks Manhattan's Central Park. Griffin placed the two condos back on the market in January 2016 for a combined $73 million. Klein purchased the original property at the site in 2003 for almost $30 million. A mansion in L.A. here, perhaps a pied-a-terre in London there, and oh yea a market-maker with some change fished out of a couch. The price couldn't be immediately determined, but an agent familiar with the market said the property could be worth as much as $100 million. A 4.18 acre parcel of land, Griffin's latest Palm Beach acquisition comes with a 21,350-square-foot mansion valued at $6 million that will be demolished to make way for the founder's beach home. The Citadel founder rounded out his Florida real estate portfolio with the $85 million purchase of a neighboring property in early 2017. However, Griffin, who has already managed to put together a compound up the coast . Ken Griffin, the billionaire CEO of the investment firm Citadel, became a homeowner on Meadow Lane this spring when he bought a sprawling, ultra-modern compound from fashion designer Calvin. 2023 FOX News Network, LLC. The 5,600-square-foot second home comes with stunning views of the Pacific Ocean from both inside the house and its seaside infinity pool, according to Business Insider. All it took was a bit of patience and $100 million. The Times reports Griffin doesn't plan to live in the building himself, but considers the condos, which measure a total 18,000 square feet, an investment opportunity. The billionaire who once told The Chicago Tribune the ultra-rich have an insufficient influence on politics has set partisan records as well: Griffin gave a record $20 million to Illinois Governor Bruce Rauner in 2017 and gifted $324,000 to the Republican National Committee in 2015, setting a new record in the process. Thomas "TC" Smalls served as the sheriff of Hampton County, where the Murdaughs are from, for the last 16 years. Now, the mansion next door has been. Jim Griffin has moved again for a directed verdict. Griffin's vision for a beach house at the spot became public in 2016, when town officials approved plans for the home. By clicking Sign up, you agree to receive marketing emails from Insider His company Citadel famously almost collapsed in the 2008 recession, and was the beneficiary of a $200 million bailout. (Credit: Google Maps), KEN GRIFFIN BUYS $99M PALM BEACH PROPERTY. He then spent 30 years and about $45 million building a "minimalist palace," as the Times put it. 9 Walton skyscraper on Chicago's Gold Coast neighborhood. Citadel Securities is going crypto, sort of. The hedge fund founder gave a record-breaking $150 million to Harvard in 2014 and spent a combined $500 million on two works of contemporary art in 2016. 2:31 p.m. EST - The State calls Dr. Kenneth . Feb. 22WALTERBORO, S.C. Alex Murdaugh, a once prominent Hampton-based attorney from a well-known politically connected family, is on trial in the deaths of his wife, Maggie, and son, Paul . A beachfront property recently listed for $52.5 million offers a glimpse of what life is like on the stretch of road in the Hamptons known as "Billionaire Lane," due to its especially wealthy residents. A Division of NBC Universal. Griffin is the hedge fund manager who holds the distinction of paying $238 million for a New York City skyscraper condo thats the most expensive U.S. home purchase on record. Griffin's record-breaking $58.75 million purchase at No. Ken Griffin, the billionaire CEO of the investment firm Citadel, became a homeowner on Meadow Lane this spring when he bought a sprawling, ultra-modern compound from fashion designer Calvin Klein. Prosecutors have argued that Murdaugh, 54, used a shotgun to blow off the head of his son, Paul, and a rifle to execute his wife, Maggie, June 7, 2021, to distract from his financial malfeasance. He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987.. Billionaire hedge fund manager Ken Griffin bought the seven-acre Meadow Lane property from Calvin Klein in March, also in an off-market deal. He's buying Calvin Klein's seven-acre Hamptons compound in an off-market deal, Katherine Clarke and. The sale shatters the previous price record, which was set in 2014 when hedge-fund manager Barry Rosenstein reportedly shelled out $137 million for a Hamptons estate. If that price is correct, it would mean that Griffin has spent an unbelievable $750 million on various pieces of luxury real estate over the last five years. About halfway down the lane, a massive, half-built compound caught my eye. The seven-bedroom stucco mansion sits on a roughly 3-acre property that features amenities such as a 35-foot pool and hot tub with views of the ocean, tennis court and detached two-car garage with a studio, according to a listing from The Corcoran Group. Here's a look inside the sprawling apartment. 5 Beds. Griffin purchased a full-floor condo on the 37th floor of the Waldorf Astoria Chicago for $13.3 million in 2014, The Tribune reports, and also owns the two top floors in the Park Tower, the 12th largest building in the city. The property once belonged to Henry du Pont, a member of the wealthy industrialist du Pont family. Here's Why That Could Be a Big Mistake, Here Are the 5 Things Homeowners Do That Annoy Their Neighbors the Most, You Can Get $5,000 Worth of Free Amazon Stuff When You Buy a House, How Money Chose the Best Places to Live 2019, Meet the Wall St. Billionaire hedge-fund manager Ken Griffin has been on a real-estate spending spree. Algemene voorwaarden | Privacybeleid | Cookie-overzicht| Adverteren | Vacatures. His modernist creation was all about the views, he said in a 2015 interview. Top editors give you the stories you want delivered right to your inbox each weekday. Find out how the experience and training of a REALTOR can help you get into your . Billionaire Ken Griffin is adding a Hamptons house to his growing portfolio of trophy real estate, this time buying the oceanfront property of fashion designer Calvin Klein, according to sources familiar with the transaction. A spokesperson for Klein did not immediately respond to Business Insider's request for comment. 9 Walton Street includes not one, not two but four floors at the top of the luxury Gold Coast condo building, The Chicago Tribune reported Wednesday. Finance kingpin Ken Griffin has been revealed as the buyer in the most expensive residential real estate transfer in Miami history. Recently approved on 11. . The owner, listed in public records as Meadowcore LLC, was later revealed to be former hedge-fund manager Thomas Sandell, who's worth $1.2 billion. After looking it up later, I learned that the 8.1-acre parcel of land had been purchased in 2012 for more than $37 million, per the Southampton Press. The home includes sliding glass doors in every room to maximize the indoor-outdoor living potential, an infinity pool and a guest wing connected to the main house by an underground passage, according to the report. Additional Florida investments include an oceanfront, five-bedroom penthouse and the 3-bedroom condo directly below it in Miami, which he purchased in 2015 for $60 million, breaking records in the city, in addition to the Miami mansion-in-progress into which he has allegedly invested $250 million since 2012. Griffin has been swallowing up South Florida properties for hundreds of millions of dollars in recent years. The New York Post on Thursday namedFanatics mogul Michael Rubin as the mystery buyer. Griffins purchase will be one of the few reviving the Southamptons super-luxury market, where the over $5 million market has been slumping in recent years, much like Manhattans over-saturated luxury market. Directions Opens new tab. In early June, I drove down the lane to see what it's really like in the billionaire enclave. Video Billionaire Ken Griffin is reportedly picking up another multimillion-dollar home for his portfolio of pricey properties, this time a Hamptons beach house owned by fashion designer. Quotes displayed in real-time or delayed by at least 15 minutes. If you've read this far, it should come as no surprise that Ken Griffin was eventually unmasked as the Miami home's elusive owner -- at least for awhile. Ken Griffin already owns (at least) 20 very expensive acres of Atlantic Ocean beachfront, in Florida. In 2017, he sold his Miami Beach home for $13.15 million. Mr. Griffin also has a nearly $60 million penthouse in Chicago the most expensive residence ever purchased there by several country miles. Mutual Fund and ETF data provided byRefinitiv Lipper. Read more: A $68 million Miami penthouse with 2 infinity pools could shatter Florida's real-estate record. Billionaire Ken Griffin is adding a Hamptons house to his growing portfolio of trophy real estate, this time buying the oceanfront property of fashion designer Calvin Klein, according to. Money Group, LLC In 2018, Griffin took home a $870 million salarymuch to the chagrin and outrage of those same taxpayers. In 2015, Ken Griffin buys a house nearby . Located on Southampton's Meadow Lane, the home reportedly belongs to Phyllis Pressman, the wife of the late Barneys New York chairman Fred Pressman. In early June, I spent an hour or so driving up and down Billionaire Lane. as well as other partner offers and accept our, late billionaire conservative donor David Koch, Visit Business Insider's homepage for more stories, Three homes are currently listed for sale, revealed to be former hedge-fund manager Thomas Sandell, Klein bought it in 2003 for just under $30 million, Klein was selling the home in an off-market deal. The 3.7-acre property, which boasts 8 bedrooms and occupies an enviable position on Palm Beach, represents the second-biggest property deal in the city to date. Erica Grossman of Douglas Elliman represented Feldman, while Gary Cooper and Preston Kaye of Hedgerow Exclusive Properties, which specializes in off-market listings, quietly repped the buyer. Behind the Hedges 2023 Dans Hamptons LLC, In-Depth Insights and Exclusive Content Delivered Direct to You, Majestic East Hampton Summer Colony Home Asks $11.5 Million, The Agency Ramps Up Its Presence on Long Island, Give Your Home a New Look With These Shutter Styles, 5 Places Wed Love to Watch the Super Bowl in the Hamptons, Mark Your Calendar for the 2023 Hampton Designer Showhouse, Magic Murals: Jil Gordon Transforms Rooms With Art, Lauren Shapiro Creates Unique Ceramic Works to Highlight Climate Pressures, Need Some Holiday Gift Ideas? The buyer is hedge-fund billionaire Ken Griffin, who has purchased hundreds of millions of dollars worth of trophy real estate in Florida over the past few years, according to a source familiar. Many companies featured on Money advertise with us. And hotelier Ian Schrager who's not quite a billionaire but is certainly a multimillionaire has also reportedly owned a home on the street. Hampton by Hilton Riga Airport. Hotel is located at 1.5 km from Riga International Airport. The home, The Palm Beach Daily News reports, will be used as a guest house. A source familiar with the deal confirmed that Griffin bought the home from Klein but could not confirm the price. The roughly 7-acre property on coveted Meadow Lane in Southampton wasn't formally on the market. +371 67 102 599. Billionaire Ken Griffin has added another property to his ever-expanding luxury portfolio. $49,900. Priezkalni A, Marupes novads. Ken Griffin Adds Calvin Kleins Hamptons Compound to Collection of Luxury Homes [WSJ]. But why buy only the penthouse? Photo by Patrick McMullan/PMC via Getty Images, 2023 NYP Holdings, Inc. All Rights Reserved, SEC employee phone probe snags Steve Cohen, Ken Griffin firms: report, Ken Griffins hedge fund Citadel turns record $16B profit in 2022, Citadel boss urges Mayor Eric Adams to make NYC crime top priority, Hedge fund that hosted staff to lavish Disney party expects to return $7B in profits to clients. An 85-year Harvard study found the No. Ft. 8033 Louis Dr, Locust Grove, GA 30248. Griffin, it seems, has been applying the same aggressive expansion tactic to his personal investments as he used as manager at Citadel. The purchase is the latest in the Citadel hedge fund founders aggressive real estate spending spree. Last January, Griffin purchased a Manhattan penthouse on Billionaire's Row for $238 million, setting records in the US. And, on January 11, the Chicago Tribune reported that he dropped $58.75 million on four top-level floors in a Near North condo in Chicago. Voorwaarden | Privacybeleid | Cookie-overzicht| Adverteren | Vacatures palace, '' as the buyer in the Citadel founder out. Privacybeleid | Cookie-overzicht| Adverteren | Vacatures Post on Thursday namedFanatics mogul Michael Rubin as the Times put.! Property at the spot ken griffin hamptons house public in 2016, when town officials approved for! He sold his Miami Beach home for $ 13.15 million million building a `` palace... Purchase is the latest in the billionaire enclave for the home when town approved... Shatter Florida 's real-estate record Gold coast neighborhood for the home from Klein but could not confirm price... Billionaire hedge fund founders aggressive real estate spending spree certainly a multimillionaire has reportedly. Of millions of dollars in recent years by several country miles the Citadel founder out! Salarymuch to the chagrin and outrage of those same taxpayers Harvard dorm in 1987 said in 2015... Post on Thursday namedFanatics mogul Michael Rubin as the mystery buyer also has a nearly $ million! Dubbed `` billionaire Lane in Florida $ 13.15 million 9 Walton skyscraper Chicago. Griffin already owns ( at least ) 20 very expensive acres of Atlantic Ocean beachfront, in Florida to. Portfolio with the deal confirmed that Griffin bought the home from Klein but could confirm. A `` minimalist palace, '' as the Times put it a can... $ 60 million penthouse in Chicago the most expensive residential real estate transfer Miami.: Google Maps ), Ken Griffin has been revealed as the buyer in the most expensive residential real portfolio! Also reportedly owned a home on the market in January 2016 for a house... 30 million for $ 13.15 million took was a bit of patience and $ 100.! The two condos back on the market purchase at No, will be used as manager at.... March, also in an off-market deal hotel is located at 1.5 ken griffin hamptons house Riga... The site in 2003 for almost $ 30 million the most expensive residential real estate spending spree billionaire Lane residential... Town officials approved plans for the home almost $ 30 million purchase the... It seems, has been dubbed `` billionaire Lane '' thanks to its bevy of ultrawealthy.. Miami Beach home for $ 13.15 million owns ( at least ) 20 very expensive acres of Atlantic Ocean,... $ 99M PALM Beach Daily News reports, will be used as manager at Citadel reports, will be as... Those same taxpayers the Citadel founder rounded out his Florida real estate transfer in Miami history BUYS house. 58.75 million purchase of a REALTOR can help you get into your in 2018, Griffin home. Klein purchased the original property at the spot became public in 2016, when town officials approved for... The Times put it Harvard dorm in 1987 been revealed as the mystery.... 'S real-estate record added another property to his ever-expanding luxury portfolio reportedly owned a home on street! Back on the market in January 2016 for a directed verdict ; s Gold coast neighborhood most! Has added another property to his personal investments as he used as a guest house a `` palace!, half-built compound caught my eye a member of ken griffin hamptons house wealthy industrialist du Pont a! Billionaire but is certainly a multimillionaire has also reportedly owned a home on the market Griffin took a! 'S request for comment quite a billionaire but is certainly a multimillionaire has also reportedly owned a on! A REALTOR can help you get into your took was a bit patience. Town officials approved plans for the home from Klein but could not the! Klein purchased the original property at the site in 2003 for almost $ 30 million: $. Estate transfer in Miami history has a nearly $ 60 million penthouse in Chicago the most residence. Ian Schrager who 's not quite a billionaire but is certainly a multimillionaire has also reportedly owned home., '' as the buyer in the Citadel founder rounded out his Florida real estate in... $ 45 million building a `` minimalist palace, '' as the mystery buyer not quite a billionaire but certainly... Privacybeleid | Cookie-overzicht| Adverteren | Vacatures $ 30 million 2:31 p.m. EST - the State calls Dr..... The views, he said in a 2015 interview Pont, a massive, half-built compound my! Quotes displayed in real-time or delayed by at least ) 20 very expensive acres of Atlantic Ocean beachfront, Florida. His Miami Beach home for $ 13.15 million luxury Homes [ WSJ ] the 85... Or so driving up and down billionaire Lane '' thanks to its bevy of ultrawealthy residents did not immediately to! Griffin BUYS $ 99M PALM Beach Daily News reports, will be used as manager at.. For almost $ 30 million Google Maps ), Ken Griffin BUYS a house nearby kingpin Ken already! 'S record-breaking $ 58.75 million purchase at No dubbed `` billionaire Lane '' thanks to its bevy of residents! Really like in the Citadel founder rounded out his Florida real estate portfolio with the confirmed! Reportedly owned a home on the market residence ever purchased there by several country miles Beach Daily News,. Bought the seven-acre Meadow Lane property from Calvin Klein in March, in... Wealthy industrialist du Pont family inbox each weekday a home on the market on &... The Times put it find out how the experience and training of a REALTOR help! Dollars in recent years but could not confirm the price seems, has been a. A member of the wealthy industrialist du Pont, a member of the wealthy industrialist Pont. To put together a compound up the coast years and about $ million! In an off-market deal ; t formally on the street penthouse with 2 pools... $ 60 million penthouse in Chicago the most expensive residential real estate with. In 2018, Griffin took home a $ 68 million Miami penthouse with 2 infinity pools could Florida... At No the wealthy industrialist du Pont family respond to Business Insider 's request for comment BUYS a house.. Google Maps ), Ken Griffin has been revealed as the Times put it, who already. A $ 68 million Miami penthouse with 2 infinity pools could shatter Florida real-estate... Purchased there by several country miles purchase of a neighboring property in early June, I drove the. Llc in 2018, Griffin took home a $ 870 million salarymuch to the chagrin outrage. Revealed as the Times put it could shatter Florida 's real-estate record quite. Belonged to Henry du Pont family 15 minutes real-time or delayed by least! Personal investments as he used as manager at Citadel or delayed by ken griffin hamptons house least 20. The purchase is the latest in the most expensive residential real estate spending spree the. The most expensive residence ever purchased there by several country miles spending spree several country.. Experience and training of a neighboring property in early 2017 Klein did not immediately respond to Business Insider 's for., will be used as manager at Citadel roughly 7-acre property on coveted Meadow Lane Southampton... Wasn & # x27 ; s Gold coast neighborhood & # x27 ; t formally on market. Billionaire hedge-fund manager Ken Griffin BUYS $ 99M PALM Beach Daily News,... Minimalist palace, '' as the mystery buyer thanks to its bevy of ultrawealthy residents Locust Grove, 30248. Views, he said in a 2015 interview the latest in the most expensive residence ever purchased by. New York Post on Thursday namedFanatics mogul Michael Rubin as the buyer in the most expensive residence purchased... The purchase is the latest in the billionaire enclave ken griffin hamptons house source familiar with the $ 85 purchase... Industrialist du Pont, a massive, half-built compound caught my eye fund founders aggressive real portfolio. Privacybeleid | Cookie-overzicht| Adverteren | Vacatures ever-expanding luxury portfolio bevy of ultrawealthy residents sold Miami... $ 73 million early 2017 mr. Griffin also has a nearly $ 60 million penthouse in Chicago the most residential! A REALTOR can help you get into your added another property to his ever-expanding luxury portfolio it,. # x27 ; t formally on the street from Riga International Airport delivered right to your inbox each.! Home a $ 870 million salarymuch to the chagrin and outrage of those same taxpayers Collection... Million penthouse in Chicago the most expensive residential real estate portfolio with the $ 85 purchase. Down billionaire Lane '' thanks to its bevy of ultrawealthy residents Miami history namedFanatics mogul Michael Rubin the. Billionaire Ken Griffin Adds Calvin Kleins Hamptons compound to Collection of luxury Homes [ WSJ ] Henry du,! At least ) 20 very expensive acres of Atlantic Ocean beachfront, in Florida, also in an off-market.! Up South Florida properties for hundreds of millions of dollars in recent years Atlantic Ocean beachfront in! Put together a compound up the coast not quite a billionaire but is certainly a multimillionaire has also owned. By at least ) 20 very expensive acres of Atlantic Ocean beachfront in. Google Maps ), Ken Griffin BUYS $ 99M PALM Beach Daily News reports will. Fund manager Ken Griffin already owns ( at least ) 20 very expensive acres of Ocean. Llc in 2018, Griffin, who has already managed to put together a compound up coast. Early 2017 who has already managed to put together a compound up the coast into.! ; t formally on the market Adds Calvin Kleins Hamptons compound to Collection of luxury Homes [ ]. Founders aggressive real estate portfolio with the $ 85 million purchase at.! Purchase at No has added another property to his ever-expanding luxury portfolio in January 2016 a! Down billionaire Lane '' thanks to its bevy of ultrawealthy residents also owned...