Billionaire Finishing Chicago Exit, Doubles Down on Florida’s Pro-Business Climate [WATCH]

Billionaire Ken Griffin has entered the final stage of his Chicago real estate exit, with his last remaining property in the city now under contract.

Griffin’s spokesperson told Bloomberg on Wednesday that the condo, located at 800 N. Michigan Avenue, is the final piece of a years-long divestment that accelerated after Citadel and Citadel Securities moved their headquarters from Chicago to Miami in June 2022.

The property is a full-floor duplex penthouse described as the “crown jewel” of Park Tower.

It is listed on Zillow for $12.5 million, a reduction of about 20 percent from its July asking price of $15.75 million.

WINDY CITY WALKOUT: Citadel founder Ken Griffin is nearly done with selling off his Chicago real estate empire, as the billionaire’s final condo is under contract at a discount after he moved the hedge fund’s headquarters to Miami three years ago. pic.twitter.com/Dl4bPYvYN5

— Fox News (@FoxNews) December 8, 2025

The contract brings to a close Griffin’s ownership of high-end Chicago real estate, which at one point included several luxury residences across the city.

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Griffin announced the relocation of Citadel and Citadel Securities to Miami in 2022, citing the business environment in Florida.

“There’s something very special about the government in Florida and their focus on delivering traditional values for the community,” he said at an event hosted by the Economic Club of Miami months after the announcement.

Bloomberg reported that Griffin owned a wide range of premium properties in Chicago over the years but sold most of them following the decision to shift his firm’s global headquarters.

The move marked one of the most notable corporate relocations in recent years, drawing attention to the economic and political differences between Chicago and South Florida.

Griffin has since doubled down on Miami as the future center of his company’s operations.

Citadel Founder and CEO Ken Griffin tells @BretBaier he hopes NYC Mayor-elect Zohran Mamdani governs differently than he campaigned, saying:

“The people of New York deserve better.”

He points to Miami’s focus on education, public safety, and community as a model. pic.twitter.com/DpGjPiL3G0

— Special Report (@SpecialReport) November 6, 2025

Speaking at a Citadel Securities conference in New York in October, he said that the firm’s planned office tower in Miami’s Brickell neighborhood would likely cost around $2.5 billion.

The development is expected to further solidify Miami’s position as a financial hub.

“South Florida has something that the rest of the world wants. It has oceanfront property in a state with extraordinarily safe streets, great schools, strong sense of community, great cultural institutions. Miami is one of the most vibrant cities in the world,” Griffin said.

He added that real estate value in the region has performed strongly over the past decade.

“With respect to a real estate portfolio, you’d be hard-pressed to beat the returns of real estate in South Florida over the last seven years,” he said.

The sale of Griffin’s last Chicago property symbolizes the completion of his shift away from the city where Citadel was founded in 1990.

Final details of the transaction have not been disclosed publicly, but the contract listing signals the end of Griffin’s Chicago holdings as Citadel’s expansion in South Florida continues.