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

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.Advertisement

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.

Eloy Carmenate and Mick Duchon of Douglas Elliman Real Estate hold the listing.
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Keep reading for a look inside the sun-drenched luxury apartment.

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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

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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

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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

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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

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... 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

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The terrace provides both beach ...

The terrace provides both beach ...

Source: Douglas Elliman

... and city views.

... and city views.

Source: Douglas Elliman

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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

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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