Kenneth Griffin Goes on a Record-Setting Real Estate Spending Spree
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Anne Dias Griffin, founder and managing partner of Aragon Global Management, and Kenneth Griffin, chief executive and founder of Citadel. In 2014, Mr. Griffin filed for divorce from Ms. Dias Griffin, his wife of 11 years.CreditAmanda Gordon/Bloomberg News, via Getty Images
The billionaire hedge fund manager Kenneth Griffin is known as an aggressive trader who waits for prices to fall before buying. But when it comes to personal real estate, Mr. Griffin appears to be less price-sensitive.
Over the last two years, Mr. Griffin, the chief executive of the investment firm Citadel, has gone on a multicity real estate shopping spree. He has spent nearly $300 million and set new price records in three cities, according to people familiar with his buying. They requested anonymity because they were not authorized to talk about the deals.
The buying binge includes the purchase last year of two full floors of the Waldorf Astoria hotel in Chicago, the city where Citadel is based and where Mr. Griffin, 46, has his main residence. He paid $13.3 million for the 37th floor and $16 million for the 46th floor, totaling just under $30 million. If combined, the deal would be the most expensive real estate purchase in Chicago…
Kenneth Griffin Goes on a Record-Setting Real Estate Spending Spree
