FL - US billionaire building world's most expensive beachfront home worth $1 billion
Kenneth Griffin has demolished the existing homes on the property, with intentions to spend between $150 to $400 million on constructing a mega-estate.
Billionaire hedge-fund manager Kenneth Griffin, a prominent figure in the seaside town and a Florida native, is making headlines with ambitious plans to create not just the most expensive home in America but on the planet.
Griffin, a financier recognized for his vast wealth and investments as the founder and CEO of Citadel, has acquired over 20 acres of prime Palm Beach real estate. The 55-year-old has demolished the existing homes on this sprawling property, with intentions to spend between a staggering $150 to $400 million on constructing a mega-estate that is estimated to be worth a mind-boggling $1 billion upon completion.
But Griffin's vision doesn't stop there. He has already assembled approximately 27 acres of beachfront real estate, including parcels on the Intracoastal Waterway, situated just a quarter mile south of former President Donald Trump's Mar-a-Lago, renowned among locals as "Billionaires' Row."
Industry insiders suggest that the property is now worth at least $1 billion after his investments in land and construction. Griffin's spokesperson, Zia Ahmed, attributes this to Florida's pro-growth and pro-business policies.
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Read also
Ken Griffin's Palm Beach billionaire wonderland: From razing mansions to a $1B megalith, New York Post / October 18, 2023
Billionaire Ken Griffin Is Building Himself the World’s Most Expensive Home, Robb Report / October 23, 2023
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