American billionaire Kenneth Cordele Griffin is known for his hobbies. Now they are building the world’s most expensive house. This house is being built in Florida, America. Griffin has bought several homes over 20 acres on prime Palm Beach. Griffin is a well-known US hedge fund manager, entrepreneur and investor. They are now building the world’s most expensive house. The homes they have purchased stretch from Miami Boulevard to South Ocean Boulevard and Blossom Way.
This place is known as ‘Billionaire’s Row’, just a quarter mile south of former President Donald Trump’s Mar-a-Lago. To fulfil his dreams, Kenneth first bought houses in a fixed location. According to reports, he now intends to build a mega estate. On which 15-40 crore dollars will be spent. After its construction, its price will be 1 billion dollars (about 83 billion rupees).
A guest house, maid house and a vast swimming pool will be built in their new house. From here, the parks to be built on the banks of the Atlantic Ocean will be visible. According to a report, Kenneth’s spokesperson, Zia Ahmed, has confirmed this. He has cited Florida’s policies for building such an expensive house. Due to this, the rates of properties in the area are skyrocketing. Zia said Palm Beach real estate is among the highest rated in the world because of Florida’s citizens’ pro-growth and pro-business policies.
Investment Started 10 Years Ago
Kenneth started renting this property 10 years ago. $450 million was invested in fees, real estate and teardowns. The residence on Blossom Way would initially be used by Kenneth’s mother, Catherine Gratz Griffin. After this, it will be used by Kenneth. By then, he will take retirement.
Kenneth’s new house will be approximately 50 thousand square feet. He already owns many expensive properties. Owns about $600 million. That includes a London home, Palm Beach properties including Manhattan and condominiums in Chicago. He also owns about 27 acres of property along the beach. Griffin has made his mark as the founder and CEO of Citadel. Financier Griffin, 55, invested over 20 acres of prime Palm Beach real estate.
