Billionaire owner of America’s priciest home drops $99M on another mansion

He’s the owner of America’s priciest home, and he’s still expanding his empire.

Billionaire hedge fund manager Ken Griffin has shelled out a cool $99.13 million for a Palm Beach, Fla., property next to an estate he already owns, reports the Palm Beach Daily News. The latter is an ocean-to-lake spread at 1290 South Ocean Blvd. that’s already the largest home in Palm Beach.

The sky-high price paid for the new 27,000-square-foot property, located at 60 Blossom Way, just north of Griffin’s other estate, is the second-most-expensive sale ever in Palm Beach.

Griffin has now coughed up at least $350 million on land there since 2012, according to the Real Deal.

The total cost of his major property acquisitions around the world — in New York and Florida but also Chicago, where his fund, Citadel, is based, and London — is more than $700 million, per Bloomberg.

The Blossom Way property was reportedly designed and decorated by architect Peter Marino — known for sporting black leather and studs — in a Polynesian style with a Balinese influence. It was built in 2000.

The seller is Frank McCourt, a billionaire investor and former owner of the Los Angeles Dodgers. McCourt bought the property in 2017 for $77.06 million; he’s turning a profit of about 29 percent from the Griffin deal.

This off-market buy adds nearly 4 acres — not to mention 320 feet of beachfront — to Griffin’s 17-acre spread on South Ocean Boulevard. This brings his beach frontage to some 1,188 feet, nearly a quarter of a mile.

In January, Griffin made headlines with the eye-popping purchase of a $238 million, multifloor home at 220 Central Park South, known as Manhattan’s new and highly secretive It building.

That stratospheric price broke the previous national home-sale record, which was held by activist investor Barry Rosenstein, who spent $147 million for an estate in East Hampton in 2014.

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