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.


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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