Luxury “landmaxxing”: The billionaire push for private compounds

Buying mansions here and there is not enough for the uber-rich.  “Landmaxxing,” or buying up adjacent properties to assemble sprawling private compounds, has been a major part of the ultra-luxury market this year, the Wall Street Journal reported.  Compounds are increasingly in demand, and some of the business world’s biggest names are leading the trend. In South Florida, Citadel billionaire Ken Griffin dropped more than $450 million to piece together a 27-acre Palm Beach compound. Griffin has spent more than $1 billion assembling land from Miami to Palm Beach, The Real Deal previously reported.  Jeff Bezos has become one of […]

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