Paul Tudor Jones, who last week warned of the rising wealth gap sparking a revolution, just spent $71 million on an estate in Palm Beach, Florida.
According to the Palm Beach Daily News, Jones bought Casa Apava, which was once owned by billionaire Ronald Perelman, for $71.2 million.
The house was sold by real-estate developer Dwight Schar, who bought the property from Perelman. The estate is on six acres, has 420 feet of oceanfront and a landmarked house reportedly built in 1918.
A spokesman for Jones declined to comment.
Last week, Jones gave a TED speech calling the growing gap between the rich and the rest of the country "disastrous," and said inequality is usually solved by revolution, war or higher taxes.