Florida Man To Build World's Most Expensive House Worth $1 Billion

The site of a proposed $1 billion mega-estate in Palm Beach, Florida

Photo: Google Streetview

Billionaire Ken Griffin is planning to build the world's most expensive home in Palm Beach, Florida. Griffin, the founder and CEO of the hedge fund Citadel, is planning to spend $150 to $400 million to turn roughly 27 acres along the Atlantic Ocean into a mega-estate worth at least $1 billion, according to the New York Post.

That would make it the most expensive home in the world.

Griffin has already demolished the houses that were previously on the properties he acquired and is now preparing to start construction on the 50,000-square-foot beachfront mansion.

The mansion will be built on roughly 7.5 acres of the property and will include a service basement and guesthouse. Griffin's mother is planning to live in the house once it is finished.

Griffin has not unveiled the plans for the rest of the property, which is just a quarter-mile down the street from Donald Trump's Mar-a-Lago estate.

"If he spent nearly half a billion to buy up acres of land in Palm Beach over the last decade and is expected to spend $150 million more to build an entirely new home, that piece of property is worth at least $1 billion now," an industry insider told the New York Post.

Sponsored Content

Sponsored Content