Hedge fund titan Ken Griffin is about to cut the last of his personal ties to Chicago. Griffin, the CEO of Citadel, broke up with the Windy City in 2022 after three decades in residence. It was an acrimonious split. The businessman took his family and his headquarters to Miami, leaving Chicago \u2014 and several trophy homes \u2014 out in the cold.<\/p>\n
Griffin\u2019s final remaining and longest-held Chicago property, a six-bedroom duplex, went under contract on Tuesday, Crain\u2019s Chicago Business reported. The penthouse condo had recently re-listed at a discount, asking $12.5 million. Griffin was outspoken about the Midwestern city\u2019s crime rates, high taxes and woke culture, which sent him \u2014 and his billions of dollars \u2014 fleeing for sunnier conditions. Griffin listed a total of five Chicago penthouses in several prime Gold Cost towers in 2022, Crain\u2019s reported. Griffin purchased the six-bedroom duplex in 2000 for $6.9 million, according to property records. It hit the market for $15.75 million amid Citadel\u2019s 2022 departure, rotating on and off the market until reappearing for $12.5 million this week. Zia Ahmed, a spokesperson for Griffin, pointed to the city\u2019s weakening housing market. Griffin \u2014 already the proud owner of the country\u2019s most expensive residence at 220 Central Park South \u2014 is reportedly building the priciest home on the planet in Palm Beach. In conclusion, Ken Griffin’s decision to sell his final Chicago home marks the end of an era for the billionaire’s presence in the city. With his focus now shifted to Florida, it will be interesting to see how his investments in the Sunshine State continue to grow and evolve.<\/p>\n A: Ken Griffin is selling his Chicago home as part of his decision to leave the city and focus on his investments in Florida.<\/p>\n A: The final sale price of Ken Griffin’s Chicago home is not publicly disclosed, but it was listed for $12.5 million.<\/p>\n A: Ken Griffin’s net worth is estimated to be $50.5 billion, according to Forbes.<\/p>\n A: Ken Griffin is reportedly building a new home in Palm Beach, Florida.<\/p>\n A: Ken Griffin has spent over $1 billion on Florida real estate.<\/p>\n","protected":false},"excerpt":{"rendered":" Ken Griffin Cuts Ties with Chicago Introduction to Ken Griffin’s Decision Hedge fund titan Ken Griffin is about to cut the last of his personal ties to Chicago. Griffin, the CEO of Citadel, broke up with the Windy City in 2022 after three decades in residence. It was an acrimonious split. The businessman took his […]<\/p>\n","protected":false},"author":6,"featured_media":26256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-26254","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i3.wp.com\/nypost.com\/wp-content%2Fuploads%2Fsites%2F2%2F2025%2F12%2Fnewspress-collage-1f4pb2trp-1764957219409.jpg?quality%3D90%26strip%3Dall%261764939293&w=1920&resize=1920,1279&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/26254"}],"collection":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/comments?post=26254"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/26254\/revisions"}],"predecessor-version":[{"id":26257,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/26254\/revisions\/26257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media\/26256"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media?parent=26254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/categories?post=26254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/tags?post=26254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nKen Griffin, a Florida native, quit his collection of Chicago properties in favor of the Sunshine State. REUTERS<\/span>
\nThe billionaire listed \u2014 and has almost sold \u2014 all five of his high-end residences along Chicago\u2019s Gold Coast. Getty Images<\/span><\/p>\nReasons Behind the Move<\/h2>\n
\nGriffin has an estimated net worth of $50.5 billion, according to Forbes, making him the 33rd richest person in the world today.<\/p>\nThe Properties<\/h2>\n
\nThis final sale along North Michigan Avenue takes up the entire 67th floor of the luxurious Park Tower. Griffin previously lost $3.8 million selling off another unit on the tower\u2019s 66th floor, according to the outlet.
\nThis under-contract home on the 67th floor spans 9,250 square feet, with 12-foot ceilings and a private elevator. Its three outdoor spaces include a custom Jacuzzi deck and a 400-square-foot rooftop terrace equipped with a custom kitchen, according to the listing.
\nA street view of Park Tower along North Michigan Avenue. Google Maps<\/span>
\nThe next owner will benefit from some intense security features, like facial recognition and a \u201clockdown mode.\u201d<\/p>\nPurchase and Sale History<\/h2>\n
\nThe rest of Griffin\u2019s portfolio included a 37th-floor home at the Waldorf Astoria and a four-penthouse spread on West Walton Street. The latter collectively cost Griffin $58.5 million in 2017, Crain\u2019s reported, setting a then-record for the city.
\nThe West Walton Street tower once hosted a four-unit spread. Google Maps<\/span>
\nOne of the two unfinished units at West Walton that found a buyer earlier this year. Positive Image Inc.<\/span>
\nTwo of the four West Walton pads sold in 2024 to Illinois Governor JB Pritzker for a discounted $19 million. The last two, both unfinished, found a buyer this spring at a $8.79 million discount. Griffin\u2019s losses on the West Walton spread totaled 40% of his 2017 investment, Crain\u2019s reported.<\/p>\nReaction to the Sale<\/h2>\n
\n\u201cThe decline in Chicago\u2019s high-end real estate market is yet another cost of years of failed leadership in Illinois,\u201d Ahmed told The Post. \u201cIn contrast, the stunning appreciation of Ken\u2019s Florida properties reflects the impact of good governance by state and local leaders.\u201d
\nAs Griffin finishes icing out his investments in Chicago, his billion-dollar dealmaking in South Florida is certainly heating up.
\nGriffin has shelled out more than $1 billion on Florida real estate. Bloomberg via Getty Images<\/span><\/p>\nNew Ventures in Florida<\/h2>\n
\nA Florida native, Griffin has spent well over $1 billion on Sunshine State real estate. In 2022, Citadel spent a record-setting $363 million for a site along Miami\u2019s Brickell Avenue for its forthcoming headquarters.
\nGriffin set a Miami-Dade record of his own when he purchased a 4-acre Coconut Grove estate in 2022 for $106.9 million. He continued the buying spree into 2023, shelling out approximately $169 million for a seven-property assemblage on the exclusive Star Island.
\nAnd the cherry on top \u2014 he recently secured planning approval for a more than 30,000-square-foot personal megayacht marina in Miami Beach.<\/p>\nConclusion<\/h2>\n
FAQs<\/h2>\n
Q: Why is Ken Griffin selling his Chicago home?<\/h3>\n
Q: How much did Ken Griffin’s Chicago home sell for?<\/h3>\n
Q: What is Ken Griffin’s net worth?<\/h3>\n
Q: Where is Ken Griffin’s new home?<\/h3>\n
Q: How much has Ken Griffin spent on Florida real estate?<\/h3>\n