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Hedge Fund Manager Ken Griffin Unloads Penthouse for $16M

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It has been revealed by the Chicago Tribune that Illinois' richest person, Ken Griffin, has sold his full-floor condo unit comprising the 46th floor of the Waldorf Astoria tower at 11 E. Walton Street for $16 million. With a net worth according to Forbes of $7 billion, Mr. Griffin, founder and CEO of Chicago-based hedge fund Citadel, reportedly paid the same amount for the unit in back in 2014. Much of information surrounding this deal is murky since the buyer of the property is a land trust of indeterminate ownership. Lacking a public listing and therefore without readily accessible photographs, the interiors of the recently-sold Waldorf unit and details such as square footage remain shrouded in mystery. Griffin continues to own a full-floor condo unit on the building's 37th floor which was also purchased in 2014 at a cost of $13.3 million.

This sale was not Mr. Griffin's first high-profile condo transaction in Chicago. In October he paid a sum of $11.75 million to his ex-wife for full ownership of the former couple's 67th full-floor penthouse unit at Park Tower. Mr. Griffin also owns the entire 66th floor of the tower, making him upstairs neighbor to George Lucas and Mellody Hobson if the unconfirmed reports of the Hollywood couple's purchase of the $18.75 million 65th floor penthouse are to be believed. In addition to the units in Park Tower and the Waldorf Astoria, Ken Griffin's impressive real estate portfolio also includes homes in Hawaii, Florida, and Aspen. The pièce de résistance, however, has to be his reported purchase of three complete floors in Midtown Manhattan's upcoming 220 Central Park South for the staggering price of $200 million. While the $16 million acquisition and sale of the Waldorf's 46th floor isn't quite record-shattering these days, the deal still ranks among the top ten highest priced residential sales in Chicago area history, according to Chicago Tribune reporter Bob Goldsborough.

·Ken Griffin sells Waldorf Astoria condo for $16 million [Tribune]
·Previous Ken Griffin coverage [Curbed Chicago]