Hedge fund billionaire Paul Tudor Jones just bought a $71 million Palm Beach mansion

Billionaire hedge fund manager Paul Tudor Jones II just dropped a fortune on a new house in Palm Beach.

Tudor Jones paid $US71.2 million for the nearly six-acre estate, the Palm Beach Daily News reported, citing a deed posted on the county clerk’s website.

The estate, known as Casa Apava, reportedly has 420 feet of oceanfront, and the Mediterranean-style house was designed by the son of President James Garfield and built in 1918, according to the Palm Beach Daily News.

It was later owned by billionaire Ronald Perelman.

Tudor Jones’ purchase comes a week after he delivered a speech railing against the 1 per cent and warning of the dangers of the growing wealth gap in America.

He told an TED audience that the gap between America’s wealthiest and poorest would inevitably close “either through revolution, higher taxes, or wars.”

Tudor Jones, who co-founded the Robin Hood Foundation, recently formed a new non-profit called JUST Capital to help advance corporate social responsibility in companies.

His new estate is located in a part of Palm Beach known as “Billionaires Row.”

Read more at the Palm Beach Daily News ยป

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