Billionaire hedge fund manager Ken Griffin is currently facing significant losses on his Chicago real estate investments, as he attempts to offload his luxurious properties, having relocated his family and Citadel’s headquarters to Miami.
Griffin's 38th-floor penthouse at 9 West Walton was listed at $11 million, almost half the purchase price of $21.2 million in 2017, indicating a loss of around $10 million.
The luxury market in Chicago is struggling to keep pace with more dynamic markets like New York and Miami, making it challenging for Griffin to sell his properties.
While losses present a setback for Griffin in Chicago, a spokesperson noted that these declines are minimal compared to the appreciation of his property holdings in Florida.
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