How Does Ken Griffin's Florida Home Spending Relate to His Wealth?

Fortune reported that Ken Griffin is among the billionaires who have spent hundreds of millions of dollars on Florida property, a market it says is holding up while luxury home prices fall elsewhere. That spending comes from a fortune Forbes' real-time billionaires data puts at $56.7 billion.

What did Fortune report about Ken Griffin and Florida real estate?

Fortune reported that luxury home prices are falling nationwide except in Florida, where billionaires including Jeff Bezos and Ken Griffin have spent hundreds of millions of dollars. According to the outlet, Florida stands apart from the broader decline in the high-end housing market.

How much is Ken Griffin worth now?

Ken Griffin is worth about $56.7 billion, according to Forbes' real-time billionaires data, which ranks him No. 33 among the world's billionaires. His live net worth was unchanged on the day.

Where does Ken Griffin's money come from?

Griffin's fortune comes from hedge funds. Forbes classifies him in the finance and investments industry, and he is based in the United States.

• Net worth: about $56.7 billion
• Rank: No. 33
• Source of wealth: hedge funds
• Industry: finance and investments
• Country: United States

Did the Florida property news move Ken Griffin's net worth?

No, his live net worth showed no change on the day. The property purchases Fortune described are spending, and Griffin's fortune remains tied to hedge funds. See how he compares with other fortunes on the billionaires list.