Ken Griffin Reshaped Law Banning Chinese Real Estate Purchases

When Florida Governor Ron DeSantis pushed through an anti-China crackdown in his state earlier this year, he won praise from populist Republicans across the country.

But to Ken Griffin, the state’s wealthiest man, the effort represented an ideological affront. In its most extreme version, the proposed legislation would have essentially prohibited citizens of seven nations, including China and Venezuela, from buying property anywhere in South Florida, even if they had work permits. Those limitations also could have posed complications for Griffin’s plan to relocate hundreds of employees to Miami where he’s planning to build a headquarters costing at least $1 billion.