Ken Griffin Tries On, Returns Chicago Apartment

When you own $300 million worth of other real estate, you've got to be picky.
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Really just a simple guy.

Having shed the old ball-and-chain, Citadel founder Ken Griffin found himself in need of a new bachelor bad in his hometown. You know, a place for him to get away from the kids over at the Park Tower, one cozy enough for him to spend some time with his Xbox but also impress the occasional lady and potential next Mrs. G. Somewhere a Monet wouldn’t look out of place. Where Ken could be Ken, when he wasn’t being Ken at his $200 million aerie on Central Park South or his $145 million Florida getaway.

Now Ken knew he wanted the Waldorf. I mean, it’s just a few blocks away from the Park Tower, so he can race over every time you-know-who is off disparaging his parenting to a family-court judge. And it’s the Waldorf. I mean, honestly. The only problem was, Ken couldn’t decide which fit him best: the $16 million full-floor unit on the 46th floor? Or the $13 million full-floor unit on the 37th floor? Well, he’s taken both for a year-and-a-half long spin, and guess what? He’s going to slum it at the lower altitude, and return the fancier place.

Now, Griffin, 47, has unloaded the 46th-floor unit for the same price he paid for it. The buyer is a recently formed land trust whose beneficiary could not be determined, according to a sale deed.

Ken Griffin sells Waldorf Astoria condo for $16 million [Chicago Tribune]

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Ken Griffin Is Good Enough, He's Smart Enough, And, Doggone It, He'll Keep Putting Up Double-Digit Returns This Year!

Citadel, the Chicago-based fund manager, trumpeted “an exceptional year” at its two main hedge funds, announcing annual returns of about 25 per cent in a letter to investors. Ken Griffin, Citadel’s founder and chief executive, said flagship funds Wellington and Kensington made a net return of 25.9 per cent and 24.9 per cent for 2012...The 2012 results follow a turbulent 2011 when Mr Griffin scaled back his ambition to build a more diversified financial institution to take on the likes of Goldman Sachs in investment banking. He set out three priorities for 2013: “to be highly profitable, to improve our productivity and to strengthen our teams." [FT]