Calvin Klein Has Something Billionaire Ken Griffin Really Wants, And It’s Worth $100 Million

FoodMarch 3, 2020

Hedge fund manager Ken Griffin can practically buy whatever he wants thanks to his reported $12.8 billion fortune. He has his eyes set on one particular thing at the moment though–a piece of prime real estate that belongs to designer and fashion mogul Calvin Klein. And it looks like he’s finally getting it.

Designer Purchase

The estate is located on Meadow Lane, one of the most coveted spots in the Hamptons

The 51-year-old Citadel founder is bound to add Klein’s Southampton compound to his impressive real estate portfolio after years of eyeing the property. Sources say that the estate in question was never listed publicly and that the deal for its acquisition hasn’t been finalized yet.

And although the exact price of the transaction remains unknown, a report from the Wall Street Journal says that the home has an estimated value of around $100 million.

A look at the original castle-like structure that stood on the property at the time of Klein’s purchase of the estate

If that number is accurate, the fashion mogul would be making quite a lot of profit from its sale as he bought it for just under $30 million back in 2003.

The property initially included a house, which Klein has since demolished to make way for a modernist home. The designer reportedly envisioned the glasshouse to be ‘all about the views’ as he revealed in a 2015 interview perhaps to take advantage of its location right on the beach.

The structure notably utilizes design elements like wood and clean lines. The land on which the home stands spans a reported seven acres of seaside land on Meadow Lane.

Real Estate Collection

Once Griffin’s latest purchase finalizes, his total spending on real estate would amount to a whopping $750 million spent in just half a decade. This already accounts for his record-breaking acquisition of a $238 million penthouse in New York City’s 220 Central Park South.

A rendering of one of the units at 220 Central Park South residential skyscraper

The property remains to be the most expensive residence in the United States. His unit reportedly spans 24,000 square feet across four floors, which means that he might be spending some more millions furnishing it to his liking.

Griffin’s other holdings are spread across the country in places like Chicago and Miami. He also owns a $122 million property across the pond. This, in turn, also made records in the city. Safe to say, the businessman owns what is believed to be the largest real estate holdings among American billionaires.