Ken Griffin, Michael Jordan burned by Chicago mansion slump
The discounted sales reflect larger shifts in the city as businesses have left and it has struggled to put a lid on crime.
When billionaire financier Ken Griffin decamped from Chicago, he left behind $US94 million ($145.4 million) in ritzy condos and penthouses that once shattered price records and trumpeted his status as the richest man in town.
The homes are now emblematic of something else. Real estate bargain hunters are descending on Chicago, after an exodus of a wealthy elite wiped out millions of dollars in value from the city’s most-expensive properties.
Bloomberg
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