Hedge fund billionaire Ken Griffin brought his appetite for marquee homes to London, shelling out $122 million (R1.7 billion) for a historic mansion near Buckingham Palace.
Citadel LLC founder Griffin bought 3 Carlton Gardens, a 200-year-old home that overlooks St. James’s Park about half a mile from the Queen’s residence. The Georgian-era home built in the 1820s was redeveloped by property developer Mike Spink in a venture with Evans Randall Investors.
The purchase shows that there is still interest in top-end homes from the wealthiest buyers, even as the prospect of Brexit has cast a pall on the overall market. Griffin, who has an $8.8 billion fortune, is the richest person from Illinois to feature on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. He already owns hundreds of millions of dollars worth of property in New York and Chicago, according to the index.
Griffin has a long history of splashing out on prominent properties. He spent nearly $300 million buying real estate in Chicago, Miami and New York between 2013 and 2015, according to the New York Times.