From the NY Post:
Ken Griffin plans to build the most expensive home on Earth — a $1B mega-estate
Palm Beach, Florida, a playground for the rich and famous, is no stranger to opulence.
But it seems that billionaire hedge-fund manager Ken Griffin is taking luxury living to a whole new level.
Griffin, already a prominent figure in the seaside town and a Florida native, is turning heads with his ambitious plans to create the most expensive home not just in America — but on the planet.
The enigmatic financier, known for his vast wealth and astute investments as founder and CEO of the once Chicago-based Citadel, now Miami, has made headlines by acquiring more than 20 acres of prime Palm Beach real estate.
What’s even more astounding is that Griffin, 55, has obliterated the existing homes on this sprawling property, with intentions to spend between a staggering $150 to $400 million on constructing a mega-estate that will be worth an estimated $1 billion upon completion.
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Over the years, he has already assembled approximately 27 acres of beachfront real estate, which includes a couple of parcels on the Intracoastal Waterway.
This colossal property is situated just a quarter mile south of former President Donald Trump’s Mar-a-Lago, a stretch of South Ocean Boulevard renowned among locals as “Billionaires’ Row.”
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As one industry insider pointed out, “If he spent nearly half a billion to buy up acres of land in Palm Beach over the last decade and is expected to spend $150 million more to build an entirely new home, that piece of property is worth at least $1 billion now.”