Ken Griffin, the billionaire founder of Citadel, is nearing the completion of his exit from Chicago after selling two penthouse condos for $15.9 million, suffering an $8.79 million loss. This follows his departure to Miami in 2022 after criticizing Chicago's governance and crime rates. Overall, Griffin has incurred a total loss of $23.59 million in the Chicago real estate market. His sales, which included historic transactions, highlight the downturn of the city's property values and Griffin's discontent with local leadership.
Ken Griffin's departure from Chicago culminates in a significant loss of $15.9 million as he sells two penthouse condos, marking his exit from the city.
Zia Ahmed stated, 'The decline in Chicago real estate values is yet another bill coming due from years of failed leadership in Illinois,' reflecting Griffin's frustrations.
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