January 23, 2019

The Rich Are Different From You and Me

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From the Wall Street Journal:

Billionaire Ken Griffin, who is becoming almost as known for his prodigious purchases as he is for his investment acumen, has closed on a New York penthouse for roughly $238 million. The deal sets a record for the highest-priced home ever sold in the U.S.

Huh. Griffin already owns mega-homes in Chicago, London, and Miami Beach, and has one under construction in Palm Beach. So why does he need a gargantuan New York penthouse?

A spokeswoman for Mr. Griffin confirmed the purchase. She said Citadel is expanding its presence in New York with its new office at 425 Park Avenue, and Mr. Griffin was looking for a place to stay when he’s in town.

Um, OK. I guess that makes sense. But only if this place has a helipad on the roof.

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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