April 25, 2019

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What Else Would $240 Million Buy?

What Else Would $240 Million Buy?
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Kenneth Griffin, a hedge fund billionaire, set a record last month when he paid $239,958,219.15 for a 24,000-square-foot penthouse on Central Park South, making it the most expensive home in the United States.

That amount of money could pay a year’s worth of rent on 6,254 apartments in Manhattan, at last December’s median rent of $3,197 a month. Or it could buy 973 homes, at the current American median sale price of $246,500.

What else is worth about $240 million?

The Hope Diamond, for one, considered priceless by its caretakers at the Smithsonian Institution, but reportedly insured for $250 million. Or the gross domestic product of the Marshall Islands, which was $230 million in 2018, according to the International Monetary Fund. Here are some other big-ticket items in the same ballpark.

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