Billionaire Ken Griffin adds to the Palm Beach property he has amassed

The hedge fund executive bought about 2 acres east of South Ocean Boulevard after assembling 13.5 acres west of the boulevard

Mar.March 03, 2018 02:30 PM

Ken Griffin

Hedge fund billionaire Ken Griffin acquired a another property in Palm Beach, adding about two acres west of South Ocean Boulevard to the 13.5 acres he already owns east of the boulevard.

The Palm Beach Daily News reported that Griffin bought his first lakefront property in Palm Beach at 1285 South Ocean Boulevard, approximately a quarter of a mile south of President Trump’s Mar-a-Lago resort.

Griffin will have 17 acres of land in the South Ocean Boulevard corridor – the largest estate by far in Palm Beach – when he completes his planned purchase of a 1.6-acre property at 10 Blossom Way.

A 10,833-square-foot house occupies the lakefront property Griffin acquired for an undisclosed price. Sources told the Palm Beach Daily News that the property is probably worth a minimum of $20 million.

The seller of the lakefront property was Anna Murdoch-Mann, who was the second wife of Rupert Murdoch, the founder of News Corp. and creator of the Fox Broadcasting network. The couple divorced in 1999.

She paid $11.4 million for the property at 1285 South Ocean Boulevard in 2003.

Public records show that Griffin, who runs the Citadel hedge fund firm, has paid $230 million for properties that he started assembling in 2012 along a section of South Ocean Boulevard known as Billionaires Row. He has cleared the oceanfront properties so he can build a house longer than a football field there. [Palm Beach Daily News] – Mike Seemuth

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