Watching TV shows dedicated to home construction, such as the famous series “Property Brothers,” can easily evoke feelings of envy.
However, a billionaire from Florida is taking it a step further and planning to build his dream house, estimated to be worth billions of dollars, making it the most luxurious residence on the planet.
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Ken Griffin, the billionaire hedge fund manager, has fully committed to the concept of “luxury” with his ambitious plans in Palm Beach, Florida. Griffin, the visionary founder and CEO of Citadel, possesses immense wealth, which has enabled him to acquire an impressive 27-acre property in the realm of Florida’s super-rich.
Determined to realize his ambitious vision, Griffin ordered the demolition of the existing buildings on the site to make way for a massive investment ranging from $150 to $400 million, with the goal of erecting an extremely exclusive house valued at around £1 billion when completed.
Over the past decade, Griffin has been focused on the gradual acquisition of various beachfront properties, including some along the Intracoastal Waterway. Official documents indicate that hundreds of millions of dollars have been earmarked for financing the construction of this monumental mansion.
A real estate industry insider shared with the New York Post: “If he’s spent nearly half a billion dollars in the past decade buying extensive land in Palm Beach and committed to spending an additional $150 million on building a new residence, it’s safe to say that this property is now worth at least $1 billion.”
In Griffin’s ambitious plans, not only does it include a majestic beachfront mansion but also a guest house, together totaling a vast 50,000 square feet, which will be built on a portion of his expansive 7.5-acre property. With 27 acres at his disposal, Griffin’s property surpasses the renowned Mar-a-Lago, Donald Trump’s estate in Palm Beach, which is less than 20 acres in size.
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