Socialite Lily Safra Burns Ken Griffin For $7 Million By Engaging In Co-op Arbitrage

lily safra

Looks like Lily Safra made $7 million off Ken Griffin.

Safra sold a co-op to Citadel’s CEO, Ken Griffin, for $40 million. Then the same day, she bought another one in the same building for $33 million.

Thing is, nearly all the co-ops in the 820 Fifth building are the same. 

According to coopsales.com, the full floor apartment has approximately 6,500 square feet, 18 rooms, 6 bedrooms, and 5½ baths, and servants’ rooms.

We’re pretty sure Griffin admires Safra’s ability to arbitrage.

Read more at coopsales.com >

(Image via The Hebrew University of Jerusalem)

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