Ken Griffin Exits Chicago, Sells Properties at Significant Loss

Billionaire Ken Griffin has sold his unfinished penthouse at Chicago's No. 9 Walton for $19 million, incurring a 44% loss from his 2017 purchase price of $34 million. This sale is part of Griffin's broader exit from Chicago, following Citadel's headquarters move to Miami and other property sales. The significant markdown highlights struggles in Chicago's luxury real estate market, which Griffin attributes to poor city governance. Despite the losses, Griffin continues to invest in real estate in cities like New York and Miami.