[EN IMAGES] An American billionaire wants to build the most expensive house in the world in Florida

American businessman Kenneth Griffin plans to build the most expensive property in the world, a billion-dollar mega-estate in Palm Beach, Florida.

The socialite and face of the Florida beach town is turning heads with his ambitious plans to create the world’s most expensive home.

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The billionaire made headlines when he recently purchased over 20 acres of real estate in Florida.

AFP

Griffin demolished existing homes on this vast swath of land, intending to spend, according to experts’ estimates, $150 million to $400 million to build a mega-estate that will ultimately be worth more than $1 billion.

“The vast majority of the properties Ken owns are in Palm Beach. Property [là] is among the most valuable in the world because of the pro-growth and pro-business policies Floridians voted for,” said Zia Ahmed, spokesperson.

The financier is known for his fortune, estimated at $34.2 billion, and his investments as founder and CEO of Citadel, a Miami-based company.

Ken Griffin’s Land and Surrounding Areas, with Mar-a-Lago to the north. The dead end in the middle of the map, Blossom Way, is where Griffin lives. Google Maps / Screenshot

Over the years, he amassed a total of approximately 27 acres of oceanfront property, including several parcels on the banks of the Intracoastal Waterway. In fact, he now owns a number of properties along Blossom Way.

Ken Griffin’s land is also just a quarter-mile south of Mar-a-Lago and is owned by former President Donald Trump, an area locals call the “Billionaire’s Quarter.”

A vision of luxury

The financial guru revealed some of his real estate plans, including a large beachfront mansion to be built on more than 7 acres of his ocean-to-lake estate.

The contemporary-style mansion and guest house to the north of the vast site will cover a total area of ​​50,000 square meters with a service basement.

Stoev Design Group, courtesy of the City of Palm Beach

The proposed size of the property will be the largest of its kind in Palm Beach, surpassing Trump’s Mar-a-Lago property at nearly 20 acres.

Stoev Design Group, courtesy of the City of Palm Beach

Sources close to the project revealed that the Blossom Way residence will initially be used by Griffin’s mother, Catherine Catz Griffin. The rest will remain undeveloped, leaving enough room for future expansion and innovation.

But that’s not all: in the future he also wants to use his property as a retirement home.

Stoev Design Group, courtesy of the City of Palm Beach

Ken Griffin began purchasing part of the property 10 years ago, investing almost 450 million in costs and goods, which marked the beginning of his big plans.

Last May, Griffin signed an agreement with the county to consolidate all of his properties between Blossom Way and Ocean Boulevard, creating one large, single property.

While the vision for the northern portion of the property was shared, an application for approval for the southern portion of the complex was submitted, according to the New York Post.

A construction site is being prepared and is visible on the edge of the property where several residential buildings that the billionaire bought previously stood.

Stoev Design Group, courtesy of the City of Palm Beach

To the south of the property there will be a large lawn for events, leading to a large, luxurious swimming pool that offers views of the Atlantic Ocean from the residence.

The property also includes several landscaped gardens and a caretaker’s house.

According to the New York Post.