Billionaire hedge-fund manager Cliff Asness just listed his Miami penthouse for $29.5 million only a year after buying it because he wants to upgrade to a bigger home. Here's a look inside.

Advertisement
Billionaire hedge-fund manager Cliff Asness just listed his Miami penthouse for $29.5 million only a year after buying it because he wants to upgrade to a bigger home. Here's a look inside.

Cliff Asness Miami Penthouse

Courtesy of Douglas Elliman

Advertisement

Cliff Asness, the billionaire founder of AQR Capital Management, just listed his luxurious Miami Beach apartment for $29.5 million, according to Mansion Global.

Asness has a net worth of $2.6 billion, per Forbes. Business Insider previously reported that his firm manages over $200 billion in assets.

He purchased the penthouse in May 2018 for $26 million from Boris Jordan, the chairman of Curaleaf, the biggest marijuana company in the US. Now, Mansion Global reports that he is looking for a larger Florida home.

The listing is a five-bedroom, five-bathroom, full-floor penthouse with sweeping views of Miami along with a private deck and pool. The building is situated on South Beach's iconic Ocean Drive.

Advertisement

Eloy Carmenate and Mick Duchon of Douglas Elliman Real Estate hold the listing.

Keep reading for a look inside the sun-drenched luxury apartment.

{{}}

Cliff Asness is the founder of AQR Capital Management, a firm that manages over $200 billion. He has a net worth of $2.6 billion.

Cliff Asness is the founder of AQR Capital Management, a firm that manages over $200 billion. He has a net worth of $2.6 billion.

Source: Business Insider, Forbes

He just listed his Miami Beach penthouse for $29.5 million.

He just listed his Miami Beach penthouse for $29.5 million.

Source: Mansion Global

Advertisement

He initially purchased the penthouse in May 2018 for $26 million from the chairman of the largest marijuana company in the US.

He initially purchased the penthouse in May 2018 for $26 million from the chairman of the largest marijuana company in the US.

Source: Mansion Global, Business Insider

The penthouse spans 6,807 square feet and has an open layout.

The penthouse spans 6,807 square feet and has an open layout.

Source: Douglas Elliman

Advertisement

The dining room, living room, and kitchen are all connected in an open-concept layout.

The dining room, living room, and kitchen are all connected in an open-concept layout.

Source: Douglas Elliman

The kitchen has state-of-the-art appliances, including a wine cooler and an elongated marble island and bar.

The kitchen has state-of-the-art appliances, including a wine cooler and an elongated marble island and bar.

Source: Douglas Elliman

Advertisement

The home has five bedrooms, five bathrooms, and two half-baths, according to the listing.

The home has five bedrooms, five bathrooms, and two half-baths, according to the listing.

Source: Douglas Elliman

The master closet is noticeably spacious ...

The master closet is noticeably spacious ...

Source: Douglas Elliman

Advertisement

... as is the master bathroom.

... as is the master bathroom.

Source: Douglas Elliman

The entire penthouse is lined with floor-to-ceiling windows for maximum natural light, and in some cases, easy access to the terrace.

The entire penthouse is lined with floor-to-ceiling windows for maximum natural light, and in some cases, easy access to the terrace.

Source: Douglas Elliman

Advertisement

The terrace provides both beach ...

The terrace provides both beach ...

Source: Douglas Elliman

... and city views.

... and city views.

Source: Douglas Elliman

Advertisement

The penthouse also has plenty of indoor lounging space.

The penthouse also has plenty of indoor lounging space.

Source: Douglas Elliman

And there's also additional, very luxurious outdoor lounging space.

And there's also additional, very luxurious outdoor lounging space.

Source: Douglas Elliman

Advertisement

The rooftop pool deck also comes equipped with a grilling area.

The rooftop pool deck also comes equipped with a grilling area.

Source: Douglas Elliman