220 Central Park South (FOX 5 NY)
NEW YORK (FOX 5 NY) - A billionaire hedge fund founder has purchased a penthouse in New York for roughly $238 million.
The Wall Street Journal reported Wednesday that the deal sets a record for the highest-priced home ever sold in the U.S. Citadel hedge fund founder Ken Griffin purchased the Manhattan penthouse at an under-construction high-rise, 220 Central Park South.
Griffin is no stranger to multi-million dollar homes.
He bought several floors of a Chicago condominium this year for $58.75 million, setting a record for the most expensive home ever bought in Chicago.
In 2015, he bought a Miami penthouse for $60 million, setting the record for a Miami condo.
And earlier this month, he acquired a London home for $122 million. The Journal reports that Griffin began investing at 19 in his Harvard dorm.
When asked about the record-breaking sale, New York City Mayor Bill de Blasio said there was "something fundamentally" wrong in the sale price while other New Yorkers are struggling to get by."
De Blasio was making an announcement about bus lane safety improvements when he weighed in. He cites Trump administration tax breaks for giving people like Griffin the opportunity to make pricey purchases.
"The every day New Yorker sees that purchase and knows what I know, that person should be paying more in taxes."
With the Associated Press