Ken Griffin eats huge loss on his Chicago homes after leaving for city 'where the American dream still exists' Follow DailyMail.com's presidential election live blog for all the latest news and updates By ALEX HAMMER FOR DAILYMAIL.COM Published: 21:38, 14 November 2024 | Updated: 22:05, 14 November 2024 e-mail 4 View comments Billionaire hedge-fund boss Ken Griffin has unloaded two apartments in a prestigious building in Chicago for a $15million loss.
The Citadel CEO sold the properties - the entire 37th and 38th floors of the condo tower No. 9 Walton - for $9million and $10million, respectively. He paid more than $34 million for them both, back in 2017.
After selling the properties Tuesday, he blamed rampant crime in the Windy City. He said so to The Wall Street Journal , after previously criticizing Illinois ' Democrat Governor JB Pritzker for failing to keep Chicago safe. Since the pair of purchases, Griffin has been on the move - relocating his hedge-fund to South Florida with plans to build a $1billion mega-estate just a quarter mile south of Mar-a-Lago where President-elect Donald Trump resides.
He's also bought a series of multimillion-dollar properties across the country, but appears to be set to part ways with Chicago for good. The not-so-shrewd move meant a 44 percent loss for the Florida native, after he also sold his unit at the Waldorf Astoria - a deal itself worth about $10.2million - for $3million less than what he paid in 2014.
'The decline in value of Chicago.
