Article: Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

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Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

Katherine Kallergis

TheRealDeal, 9 September 2019

Collage of Ken Griffin’s properties and Ken Griffin

Just when it looked like billionaire hedge funder Ken Griffin was taking a breather from assembling pricey property in Palm Beach — and the world — he has paid $99.1 million for an oceanfront estate.

The seller was billionaire real estate investor Frank McCourt, who unloaded the 18,452-square-foot mansion at 60 Blossom Way. Griffin acquired the estate through Providencia Partners LLC, property records show. McCourt, the former Los Angeles Dodgers owner, turned a 30 percent profit on the property, which he bought two years ago.

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Comments: This marks the second most expensive residential sale in history for the exclusive island. Griffin has now spent at least $350 million on land in Palm Beach alone.