Ken Griffin eats huge loss on his Chicago homes after leaving for city 'where the American dream still exists'

Billionaire hedge-fund brag Ken Griffin has unloaded 2 apartments successful a prestigious gathering successful Chicago for a $15million loss.

The Citadel CEO sold the properties - the full 37th and 38th floors of the condo operation No. 9 Walton - for $9million and $10million, respectively.

He paid much than $34 cardinal for them both, backmost successful 2017. After selling the properties Tuesday, helium blamed rampant crime in the Windy City.

He said truthful to The Wall Street Journal, aft antecedently criticizing Illinois' Democrat Governor JB Pritzker for failing to support Chicago safe.

Since the brace of purchases, Griffin has been connected the determination - relocating his hedge-fund to South Florida with plans to physique a $1billion mega-estate conscionable a 4th mile southbound of Mar-a-Lago wherever President-elect Donald Trump resides.

He's besides bought a bid of multimillion-dollar properties crossed the country, but appears to beryllium acceptable to portion ways with Chicago for good. 

The not-so-shrewd determination meant a 44 percent nonaccomplishment for the Florida native, aft helium besides sold his portion astatine the Waldorf Astoria - a woody itself worthy astir $10.2million - for $3million little than what helium paid successful 2014.

'The diminution successful worth of Chicago existent property is typical of the failed governmental enactment successful Illinois which is simply a nonaccomplishment yet borne by the radical of the state,' helium said, weeks aft shelling retired $45million for an 150million-year-old acceptable of fossils.

'Live connected apical of the Gold Coast successful the astir luxurious gathering successful the city,' the listing for the now-sold 37th level spot had read.  

'The archetypal clip ever offered- This penthouse astatine Chicago's astir distinguished address, No. 9 Walton. 

'This a one-of-a-kind and exceptional accidental to make a 7500+ quadrate feet dream.'

The listing for the 38th level - an unfinished loft near abandoned by the hedge-funder - added however prospective buyers would person had entree to their own backstage rooftop excavation and pavilion connected the roof, with the flat being the building's penthouse.

'The archetypal clip ever offered- This existent penthouse astatine Chicago's astir distinguished address, No. 9 Walton,' it goes on.

The homes went connected the marketplace past month, and some were seemingly purchased by the aforesaid buyer.

The enactment who paid the still-hefty terms has not been named, but they made the acquisition astatine a clip wherever the marketplace for luxury condos are successful the midst of a singular downturn.  

A caller study from @properties showed however the median terms of condos successful the metropolis supra $1million dropped by astir 10 percent this year, down from conscionable 3 years ago.

They besides did during a historical agelong of transgression - 1 that saw it again presume the dubious favoritism of being the US's execution superior for the 12th twelvemonth consecutive successful 2023.

The Big Apple - nary alien to homicide - is astir 3 times larger than the Dem-led city, but had astir 40 percent less murders past year, statistic show.

Moreover, since Brandon Johnson replaced languishing Lori Lightfoot past year, the statistic person continued, according to figures published Thursday by the Chicago Police Department.

Still, the totals are down 8 percent for homicide and 5 percent for shootings compared to the aforesaid clip past twelvemonth - showing some, albeit slow, improvement.  

As for Griffin, who is 56, helium bought the 2 homes with plans to converge them. However, helium ne'er got that far, with the 38th level inactive wholly gutted, photos show.

Meanwhile, helium continues to drawback up properties successful places similar New York, Miami, and Palm Beach, including a sting of posh properties connected Miami's exclusive Star Island.

A large donor to Republicans successful the past, helium has yet to donate to Trump, but successful July, helium talented $10million to a important blimpish fundraising radical - the Congressional Leadership Fund - successful an evident effort to summation immoderate sway implicit Congress.

That aforesaid month, the antheral thought to beryllium worthy astir $50billion purchased a late-Jurassic stegosaurus skeleton for $44.6 cardinal astatine Sotheby’s in New York City, a record-setting sum successful dino-collecting that further demonstrated his heavy pockets.

The stegosaurus, named 'Apex,' is 11 feet gangly and astir 27 feet and has been called the 'finest stegosaurus specimen ever to look astatine auction.'

The skeleton was expected to merchantability for astir $6million, with Griffin winning the unrecorded auction aft competing with six different bidders for 15 minutes.

The idiosyncratic helium sold the properties to remains unknown, but the merchantability was handled by Christie's International Real Estate and Jameson Sotheby’s International Realty, the listings showed.