Ken Griffin is overseeing the most expensive house build in history. The billionaire hedge-fund manager has decided to enrich the already spectacular landscape in Palm Beach, Florida, with one of the most ambitious builds ever.
Griffin, who as of October 2023 is worth $34,18 billion making him the 38th richest person in the world, plans to invest around $400 million in the construction of an enormous luxury state with a value that could be worth up to $1 billion once completed.
The site covers an area of 20 acres of some of the best and most desirable land in Palm beach and once completed, will take Griffin's land portfolio to 47 acres.
In recent years, the property tycoon and CEO investment manager company Citadel has built luxury property across 27 acres, taking his property portfolio value to around $1 billion.
The new build will take place less than half a mile from "Billionaires' row", officially known as South Ocean Boulevard.
"The vast majority of the properties Ken owns are in South Florida. Palm Beach real estate is among the most valuable in the world because of the pro-growth and pro-business policies voted for by the citizens of Florida," explained one of Griffins spokespeople explained to the New York Post.
The 2.3-acre private island estate with 11 bedrooms and 15 bathrooms hit the market in 2022 for $218 million. It was most recently asking $187.5 million. The $152 million sale price was recorded late Friday on the Multiple Listing Service. The buyer is unknown.
Buckingham Palace is the world's most expensive house. Serving as the British monarch's official residence and administrative headquarters, it has been a symbol of British monarchy and prestige for centuries.
Lake Rogers Isle is a gorgeous oceanside community and home to some of the most expensive properties in Palm Beach County. The homes are situated on deep-water lots, and most have individual docks, allowing residents effortless access to the Atlantic Ocean.
The billionaire has paid $20.25 million for a lakefront home in the Florida town on Blossom Way, bringing his contiguous land holdings east of South Ocean Boulevard to some 15 acres, with 871 feet of beachfront, the Palm Beach Daily News reports.
The median home price in Palm Beach in 2024 was approximately $2,475,000, making it the most expensive place to buy a house in Florida. Palm Beach is renowned for its wealthy residents and incredible beachfront mansions. It's also home to an estimated 30 billionaires, adding to its reputation as a hub for affluence.
The palace is possessed by the British Royal family and has served as the official London residence of the UK's monarchs since 1837 and now it is also the official headquarters of the Monarch and officially the richest house in the world.
Valued at an astronomical $2 billion, the 27-storey Antilia in Mumbai is considered the world's most expensive private residence. Custom-built by Indian billionaire Mukesh Ambani, chairman of Reliance Industries, the 400,000 square-foot skyscraper stands 570 feet tall with panoramic views over Mumbai.
According to CBRE's latest Global Living Report, the average price of a home in Hong Kong is $1.254 million, making it the city with the highest average home price in the world.
Tarpon Island already held the record for the priciest Palm Beach lakefront property ever sold, a distinction it earned when Glaser and his investors bought it for $85 million in the summer of 2021 from its longtime owners, private investor William Toll and his wife, Eileen.
Tarpon Island, located in the Estate Section of Palm Beach, spans approximately 2.3 acres and boasts an impressive 1,163 feet of waterfront views on all sides. Previously listed for $187.5 million, the property holds the record for the most expensive home ever marketed in Palm Beach's MLS.
On the Lake Worth Lagoon in Palm Beach sits the most expensive house in Florida, and the mega mansion rivals any others around the world. The estate includes Tarpon Island, located at 10 Tarpon Isle, and was listed for sale in November of 2023 for a staggering $187.5 million.
Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.
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