Billionaire US hedge fund manager buys £95m Georgian mansion in London (2024)

  • Billionaire Ken Griffin has snapped up the £95million property in one of the country's most exclusive enclaves
  • Griffin, 50, who is worth £6.8billion runs hedge fund Citadel which handles more than $27billion in assets
  • The plush London property is the latest in a string of homes purchased by the bachelor father-of-three

A billionaire bachelor has paid nearly £100million for a luxury home a stone's throw from Buckingham Palace.

Ken Griffin, the founder and CEO of Chicago-based hedge fundCitadel, has snapped up the property in one of the country's most exclusive enclaves for a record £95million.

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Carlton Gardens in St James’s, is the latest in a string of homes purchased by father-of-three Griffin, 50, who is worth a reported £6.8billion.

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A spokeswoman for Griffin, 50, told the FT today that the billionaire had recently bought the mansion.

The spokesman added: 'It is an historic property with a spectacular location, extraordinary elegance and stunning gardens. It is truly a unique opportunity to own a home in London.'

It is thought the billionaire bachelor even got the 1820s home Grade II-listed home at a £30 million discount, as for the past two years it has been on the market for £125 million.

The house was sold by the luxury property developer Mike Spink, who bought it for £65.5m in 2012.

In November, Griffin paid a record £45million ($58.75m) for the top four floors at 9 West Walton Street, known as No. 9 Walton, in Chicago.

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The 25,000-square-foot space may require as much as another £15million ($20m) to finish the build, according to CBS.

The executive also has the top two floors in the Park Tower in New York.

Illinois' richest man Griffin, who settled a contentious divorce in 2015 with his second wife, Anne Dias Griffin, bought each floor individually, according to public records.

Griffin shelled out $21.7 million for the 38th floor penthouse unit, by itself.He nabbed the 37th floor for $12.95 million, and the 36th floor for $12.13 million.

How did the billionaire make his money?

Ken Griffin is reportedly worth an eye-watering £6.8 billion, but how did he make his money?

In 1987, while attending Harvard, he first started trading and even stuck a satellite dish to his dorm so he could get real-time stock quotes.

He graduated with a degree in economics in 1989 and went on to start Citadel, a hedge fund, in 1990.

The company expanded rapidly and by 1998 had grown to a team of more than 100 employees.

Griffin quickly became one of the most influential figures in the world of finance and has featured numerous times in the Forbes rich list.

He is a known philanthropist who has donated to his alma mater Harvard, the Robin Hood Foundation and the Bill and Melinda Gates Foundation.

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The 35th floor went for $12.5 million, and included 7,100 feet of the total square footage.

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The properties were sold by JDL Development to Griffin's Delaware business called 9 West Walton Holdings, which has headquarters in Chicago at the Citadel office.

Griffin runs Citadel, a hedge fund based out of Chicago that handles more than $27 billion in assets.

The Harvard graduate founded Citadel in 1990, but began his trading career while he was still hitting the books in Massachusetts in 1987.

He reportedly put a satellite dish on the roof of his dormitory so he could get real-time stock quotes.

The father-of-three also owns one of Wall Street's biggest market makers, Citadel Securities.

In 2014, he donated $150 million to his alma mater in Cambridge to support need-based financial aid -the largest gift Harvard University had ever received at the time.

In honour of his generosity, the Harvard College Office of Financial Aid was been renamed the Griffin Financial Aid Office and its director is now referred to as the Griffin Director of Financial Aid.

Billionaire US hedge fund manager buys £95m Georgian mansion in London (2024)

FAQs

Billionaire US hedge fund manager buys £95m Georgian mansion in London? ›

Ken Griffin, the 152nd richest person in the world with an estimated $8.8bn (£6.8bn) fortune, purchased 3 Carlton Gardens, which overlooks the Mall and St James's Park in central London, for £95m.

Who is the billionaire in the hedge fund in the UK? ›

Sir Christopher Anthony Hohn KCMG (born October 1966) is a British billionaire hedge fund manager.

Who lives at 3 Carlton Gardens? ›

In 2012, the house was bought by the property developer Mike Spink for £65.5 million, who subsequently renovated the property. The property was listed at £125 million for several years until its 2019 sale to the American hedge fund manager Kenneth C. Griffin, the founder and CEO of Citadel LLC, for £95 million.

How much is Kenneth C. Griffin worth? ›

Who is Ken Griffin wife? ›

Marriages. Griffin's first wife was Katherine Weingartt, his high-school sweetheart. The couple divorced in 1996. In March 2002, Griffin met his second wife, Anne Dias-Griffin after being set up on a blind date by a mutual friend.

Who is the richest hedge fund CEO? ›

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

How many hedge fund billionaires are there? ›

In total, Forbes counts 47 hedge fund billionaires who have a combined net worth of $312 billion, up slightly from the same number in 2022 who were worth $310 billion.

Why was Carlton House demolished? ›

During the Regency and in the early years of George IV's reign, Carlton House became the centre of court life, its lavish interiors acting as backdrop to increasingly spectacular entertainments. The building, however, suffered from structural defects and in 1827 it was demolished.

Who owns Carlton House Terrace? ›

Carlton House Terrace
OwnerCrown Estate
Listed Building – Grade I
Official nameNumbers 1-9 including railings to north and east
Designated9 January 1970
32 more rows

Who lives on Palace Gardens? ›

It is the residence of many ambassadors, including those of Saudi Arabia, UAE, and India. Famous residents included Israeli billionaire Noam Gottesman and Indian billionaire Lakshmi Mittal. Princess Haya of Jordan resides in a home in Kensington Palace Gardens.

Who is the wealthiest person in the world? ›

Bernard Arnault & Family

Bernard Arnault, the richest person in the world, is the CEO and chairman at Moët Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company encompassing approximately 70 renowned fashion and cosmetics brands.

How many billionaires are there in the world? ›

There are 2,781 billionaires around the world, breaking the record set in 2021. Together, they're worth $14.2 trillion, up $2 trillion from last year and also breaking a 2021 record.

How did Ken Griffin get so rich? ›

According to Bloomberg, Ken Griffin has a net worth of $35.9 billion, making him the 40th richest person in the world. Most of Griffin's wealth comes from his stake in Citadel, so his net worth fluctuates with the hedge fund's performance.

Who is the youngest hedge fund manager? ›

Cole Mattox is the youngest hedge fund manager in the world as he's currently 22 years old!

What is Steve Cohen's net worth? ›

How much does Ken Griffin make a year? ›

Citadel boss Ken Griffin made $4.1 billion last year, the most of any hedge fund manager in history. Institutional Investor just released its annual rankings of the highest-earning hedge fund managers. Ken Griffin topped the list.

Who is the top billionaire in the UK? ›

​Who are the UK's Richest People?
  • Michael Platt is currently the richest person in the UK.
  • ​2. Sir James Ratcliffe is also a UK billionaire.
  • Sir James Dyson is the UK's 3rd richest.
  • Alexander Gerko is another UK Billionaire.
  • David and Simon Reuben are UK billionaires making them some of the richest people in the UK.
Mar 22, 2024

Who is the billionaire in UK Forbes? ›

Here are all 55 British billionaires to make the Forbes list in 2024, who much they are worth, and how they made their cash.
  • Michael Platt $18 billion (Hedge funds)
  • James Ratcliffe $16.5 billion (Chemicals)
  • James Dyson $13.6 billion (Vacuums)
  • Alexander Gerko $10.4 billion (Trading)
Apr 2, 2024

What is the richest hedge fund in the world? ›

The largest hedge funds in the world include Citadel, Bridgewater, AQR, and D.E. Shaw.
  1. Citadel. Citadel is based in Miami and focuses on five strategies. ...
  2. Bridgewater Associates. ...
  3. AQR Capital Management. ...
  4. D.E. Shaw. ...
  5. Renaissance Technologies. ...
  6. Two Sigma Investments. ...
  7. Elliott Investment Management. ...
  8. Farallon Capital Management.

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