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03-10-20 | Economic News

Most Expensive Home in the US Bought by Billionaire

Designed by Robert A.M. Stern

The largest sum paid for a home in this country, $238 million, beat the earlier record by over $100 million.

The most expensive home in the country sold in New York for $238 million, according to a press release by CNN. Hedge fund billionaire Ken Griffin closed on the Manhattan property at 220 Central Park South on Wednesday.

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The nearly 24,000 square foot apartment takes up several floors at the top of a tower designed by architect Robert A.M. Stern and developed by Vornado Realty Trust.

This sale is the most anyone has paid for a home in the United States and is the largest in Griffin's recent $700 million global real estate shopping spree. The previous record was set in 2014, also by a New York property. That home in the Hamptons sold for $137 million, according to statistics compiled by Miller Samuel Inc., a real estate and appraisal consulting firm that tracks highest sales of single residences over $50 million.

Griffin is the founder of Chicago-based hedge fund Citadel and has a net worth of $9.9 billion, according to Forbes. Griffin is also known for his charity gifts. In 2014 he donated $150 million to his alma mater and has given approximately $700 million to charities.

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