Ken Griffin Exits Chicago, Sells Properties at Significant Loss
TL;DR
Billionaire Ken Griffin has sold his unfinished penthouse at Chicago's No. 9 Walton for $19 million, incurring a 44% loss from his 2017 purchase price of $34 million. This sale is part of Griffin's broader exit from Chicago, following Citadel's headquarters move to Miami and other property sales. The significant markdown highlights struggles in Chicago's luxury real estate market, which Griffin attributes to poor city governance. Despite the losses, Griffin continues to invest in real estate in cities like New York and Miami.
- Billionaire Ken Griffin wants to get out of Chicago quick — sells record-breaking penthouse for a 44% loss New York Post
- Ken Griffin, Michael Jordan Burned by Chicago Mansion Slump Yahoo Finance
- Billionaire Ken Griffin Wastes No Time Selling the Rest of His Chicago Penthouse Mansion Global
- Ken Griffin eats huge loss on his Chicago homes after leaving for city 'where the American dream still exists' Daily Mail
- Unique Features & Hefty Price Tags Make Chicago Mansions a Hard Sell Bloomberg
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