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forget Monopoly Citadel hedge fund CEO Ken Griffin is building his own real life board game on Florida's priciest strip in the heart of palm Beach's billionaires row a stone throw away from Trump's maral Lago Griffin's buying up more than 27 acres to build a $1 billion estate the most expensive house ever built featuring plans for luxurious amenities such as multiple swimming pools tennis courts and event Terraces Ken Griffin isn't just one of wall Street's richest people he's also one of its biggest Spenders a passing record-breaking properties and artworks while becoming a major player in philanthropy and political funding let's unravel the opulence and ambition of Ken Griffin's billion dooll dream estate right here on the Truth Exposed CEO of Citadel hedge fund Ken Griffin tops the list of new Mega rich in finance for those that did top the list who were they I've got the list right here and look Ken Griffin coming in at number one wealth $35 billion definitely beating me there age 54 Jeff yass found of Susana one of the world's most successful proprietary trading firms welfare $ 33.1 billion age 67 and the number three on our list is Chang Pang Xiao otherwise known as CZ CEO of binance wealth there 28.2 billion age 46 so Blowing by Me by far well they're also older than you so you have time to catch up um okay so this is the new Finance rich list right what makes them new Finance what was the category to decipher who who who makes the cut that's a really good question so if you type Rich go on the terminal you will see the world's richest people these are billionaires um so were the people on this list but what we wanted to do is sort of figure out who had made money recently people who hadn't necessarily inherited their wealth so we excluded people who had inherited wealth we excluded people who had been on that rich list 10 years ago so from 2013 we excluded people who were say 70 and above or people who had retired from their businesses and what we got was this sort of younger group of people people who have made their money quickly in the past 10 years now at the time of this video king Griffin's estimated net worth is a whopping 36.8 billion and like you heard this is part of his wealth that he's just made over the last 10 years and it looks like Ken Griffin isn't afraid to Splash that cash as he's also spent the last decade systemically buying up acreage on billionaires Row in Palm Beach and ultra wealthy Enclave on South Ocean Boulevard Mar lago's just a few doors down why to build the world's most expensive home of course the finance year has assembled 27 acres of land in Palm Beach according to the New York Post Griffin is dedicating a huge part of this massive Palm Beach estate for his mom it's not just a house it's a 50,000 ft Behemoth centered around a pool larger than most backyards even the guest house has its own pool too the design might not win any architectural Awards but the location is definitely Prime eight beachfront Acres with plenty of room for Griffin to expand and he plans to he's already submitted plans for his future retirement mansion on the other end of the property the whole project has been a decade Long Money gobling Endeavor remember that $14 million mansion that he bought back in 2019 record-breaking at the time but Ken Griffin just plain old tore it down along with others to make way for his vision and he's not stopping there he's merging all of his Palm Beach properties into one Mega estate like a real life Monopoly Master love it or hated King Griffin's building more than just a house he's building a legacy now from what I've gathered the massive trench currently dug out on the property will be the underground parking garage for events parking car collections Etc now apparently it's going to be able to hold over 200 Cars it's not just about parking it's about events bragging rights the whole billionaire package now speaking of billionaires and packages it's very interesting how property becomes one of their toys but Griffin is not alone in this high stakes game investing in luxury properties is practically a sport for these Financial Titans these guys like Griffin use client funds to buy mansions and then flip them like stocks for bigger profits the house itself becomes the trophy the bigger and pricier the better meanwhile Palm Beach is booming like a gold rush despite or maybe because of the looming threat of rising Seas new Mansions popping up everywhere fueled by property taxes channeled Into Climate proofing the town is busy investing all of this property tax money that it's raising from those billionaires to try and make the area more climate resilient with officials claiming that they're staying ahead of the rising Seas the town's trying to outrun the ocean but some say it's a Fool's errand one landscape architect calls it a last hurrah like these billionaires know that the turning and they're ringing every penny before the curtain Falls so what's Griffin's game plan huh he's got more information than the rest of us yet he's still pouring a fortune into beachfront property does he have a secret seaw wall Tech that nobody knows about or is it just another high stakes bet in the endless billionaire score card game so King Griffin's new estate isn't just a house it's a symbol it's a monument of excess a gamble against the tide and a reminder that at the top of the money Mountain houses they become trophies and numbers are just a way to keep score good luck to him and all of of us trying to navigate this Wild Ride Now speaking of rides if you've enjoyed this peak into the crazy world of billionaire real estate go ahead and drop a like for the video and hit that subscribe button we've got way more juicy real estate stories lined up that you would not want to miss more on Griffin and his Grand real estate plans right here so the bulk of Griffin's Fortune is derived from the money that he's made managing Citadel advisors the hedge fund firm that he founded in 1990 and has about $63 billion in assets under management the Miami based company has five core strategies in fixed income and macro quantitative strategies Commodities equities and credit he also founded Citadel Securities a global market making business which trades more stocks than any other company in the world and Rak in revenues of $7.5 billion last year now with all of those Griffin has been able to Vault himself into the ranks of the super rich of Wall Street Bloomberg clocks him as the 36th richest person in the world today with an estimated $ 36.8 billion and after a 2022 move to the Sunshine State he's now the richest person in Florida and the 22nd richest person in America his leaked tax returns reveal that from 2013 to 2018 he earned an average of $1.7 billion each year 29.2% going to the IRS so what does all of that money buy the 55-year-old twice divorced father of three well as I mentioned earlier sums being put to use to build a$1 billion estate on Florida's most prestigious land gobbling up more than 27 Acres of Palm Beach to create what will be the biggest single property in the area even larger than the former president Trump's moral Lago he's a real estate Titan amassing a global portfolio of luxurious properties that would make even Jay Gatsby blush forget cozy Bungalows we're talking record-breaking Mansions sprawling Estates and beachfront paradises let me give you the Whirlwind tour so first Griffin holds the crown for the priciest US home ever a jaw-dropping $238 million four-story condo overlooking Central Park at 220 Central Park South so imagine 24,000 ft of pure luxury rubbing the shoulders with celebrities like alibaba's Joe saigh and musicians sting now across the pond Griffin snagged a $122 million London Mansion near Buckingham Palace the most expensive home sale in the city for nearly a decade this 16,000 square foot Beauty Once home to Charles deal boasts an indoor pool private Gardens and a history fit for royalty back in his Windy City Roots Griffin broke another record with a 58.5 million Gold Coast condo the largest home sale in Chicago History not bad for a guy who started out in the city but Florida seems to be where Griffin's real estate passion shines his Star Island Holdings are legendary with seven yes seven adjacent Lots spanning 6 and 1/2 acres that's a cool $1 169 Million worth of prime Waterfront making him neighbors with Gloria eston and Diddy even the Hamptons couldn't escape Griffin's reach he snatched up Calvin Klein 7 acre estate for 84.4 million during the pandemic becoming neighbors with the likes of Bob craft and Henry kravis oh and don't forget about the multi-million dollar vacation homes in Aspen and Hawaii this guy truly has a property for every occasion and it's not just the real estate game that he's interested in Ken Griffin is also a major player in the art world too we're talking about a collection of masterpieces by basate Theos Sean and Pollock easily valued at over $1 billion though Whisperers suggests it's even higher than that this isn't just a hobby it's a full-blown Obsession he's a recordbreaker when it comes to Art purchases as well in 2015 he spent half a billion dollar in one go grabbing duning exchange for $300 million and Pollock's number 17A for $200 million from David Griffin and even before that he bought Jasper's John's false start from the music mogul in 2006 for a cool $80 million more recently he dropped $100 million on bquate Masterpiece boy and dog in Johnny pup in 2020 snag 2 saans won for whopping $6.5 million and even added a Barnett Newman to his collection in 201 21 for a cool 84.2 million this guy clearly loves his brush strokes and it's not just Contemporary Art in 2021 he became the owner of one of only two privately owned copies of the US Constitution something he's been committed to sharing to the public it's currently on loan at the Crystal Bridges Museum and will soon be gracing another Museum's wall look let's break it down this guy has billions right do people really think that it's better for him to just sit on that mountain of cash in a bank rather than build a monstrous estate that will employ hundreds of people for years to come from the construction crew and The Architects to the Landscapes and security this project puts food on a lot of people's tables and most probably Griffin isn't just going to skimp on wages he wants the best for his place so good pay and good benefits likely will come with the territory and let's not forget about the art world when Griffin drops half a billion dollars on a single painting that's not just a trophy for his Mansion wall it's a shot in the arm for galleries auction houses and of course the entire ecosystem of art professionals who keep the market humming conservationists a appraisers restorers Security Experts all of these folks benefit from his insatiable collector spirit so while some might scoff at his billion dooll art horde remember it's more than just a private Indulgence it's also got a lot of jobs and livelihoods nurtured by his passion for art now some folks get caught up in the excess of it all but they miss the bigger picture it isn't about 1 Billionaire's Playhouse and art collection it's a mini economy in and of itself plus let's be honest a healthy dose of Envy comes with criticism we all kind of wish we were in his shoes right and to be fair to Griffin he does do a fair bit of philanthropy too his generosity has reached some of the country's top cultural institutions including the Museum of Modern Art in New York $40 million Chicago's Museum of Contemporary Art $10 million and the Norton Museum of Art in West Palm Beach $16 million he's also committed to Science Education pouring a whopping $125 million into the Museum of Science and Industry in Chicago now beyond the Arts and the Sciences Griffin supports a wide range of causes his total philanthropic contributions exceed $2 billion with a strong focus on education and Innovation he's particularly invested in his Alma moer Harvard where he established a $500 million Endowment for scholarships and programs in Florida where Griffin now calls home he's already made a significant impact with over $150 million in donations this includes $25 million to advance pediatric care and the Claus Children's Hospital $20 million to launch a scholarship fund at Miami Dade College the largest in its history and $5 million to support the underl accessible 10m linear Park politically Ken Griffin tends to support Republicans although he has made donations across the aisle in the 2022 election cycle he became the third largest private donor in the country by contributing $50 million to Republican candidates in federal races he initially backed Florida Governor Ronda sanis with a $5 million donation for his re-election campaign but their relationship has recently soured due to the disagreements over cultural ISS issues as a result Griffin's currently sitting out at the Republican primaries and probably observing the political landscape from the sidelines looking at the big picture Ken Griffin's wealth and influence definitely rais important questions about power philanthropy and the role of billionaires in society but what do you guys think should Griffin and other billionaires be doing more drop your thoughts in the comment section Down Below in the meantime I'm already hard at work at the next video I'll see you guys there
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