Million-Dollar Tax Bills Pile Up After Palm Beach Wealth Boom (1)

Ken Griffin has made his mark throughout South Florida, shaping politics, luring businesses and amassing luxury real estate. In Palm Beach, he’s also picked up a particular distinction: a property-tax bill exceeding $10 million.

It’s a tiny sliver of the Citadel CEO’s $48 billion fortune. But it makes him the Palm Beach homeowner with the largest property-tax assessment, at a time when the enclave has seen its coffers swell after a pandemic-fueled wealth boom.

Palm Beach, a longtime playground for the rich, is benefiting from soaring real estate values thanks to its new class of ultrawealthy residents — ...