Thursday, August 20, 2015

Will Citadel Move Operation to New York City? Billionaire hedge funder said to buy lavish NYC apartment

The New York Post reports:
Billionaire hedge funder Ken Griffin may be going through a messy divorce, but he is said to be buying a lavish apartment for himself at ultra-exclusive 220 Central Park South, dubbed “the billionaire’s bunker” by real estate insiders.

Chicago-based Citadel founder Griffin, who is worth $7 billion, is mired in an ugly divorce from his wife of 11 years, Anne Dias-Griffin, who is asking for $1 million per month in child support.

While they battle over their homes in Chicago, Aspen, Colo., and Manhattan’s 820 Fifth Avenue, Griffin is rumored to be buying a condo at 220 Central Park South, the Robert A.M. Stern-designed, 950-foot-tall tower now under construction, where prices run from $30 million to $160 million-plus.

Although the skyscraper on ‘Billionaires’ Row’ will not be completed for another two years, a third of the condos, representing a commitment of $1.1 billion from buyers, were reportedly already in contract by May.

But Griffin can clearly afford it. Paperwork filed in the divorce this spring revealed his monthly gross income “approaches $100 million,” and his net monthly income after taxes “averages more than $68.5 million” — which works out to more than $2.2 million a day.
Another Chicago story.