- Cliff Asness, the founder of AQR Capital Management, just sold his Miami penthouse for $22 million, The Wall Street Journal reported.
- Asness sold the penthouse less than two years after he bought it for $26 million. He originally listed the penthouse for $29.5 million in November 2019.
- At the time of listing, the property listing agents told Mansion Global that Asness was looking for larger Florida digs. The penthouse is 6,807 square feet.
- Here’s a look inside the apartment that sits on South Beach’s iconic Ocean Drive and has floor-to-ceiling windows displaying wraparound views of Miami.
- Visit Business Insider’s homepage for more stories.
Cliff Asness, the billionaire founder of AQR Capital Management, just sold his luxurious Miami Beach apartment for $22 million, the Wall Street Journal reported.
He bought the penthouse just two years ago for $26 million, meaning he sold it at a 15% loss.
Asness originally listed the apartment in November 2019, with an asking price of $29.5 million. At the time, the penthouse’s listing agents told Mansion Global that Asness was looking for a larger property in Florida.
Asness has a net worth of $1.7 billion, per Forbes. Business Insider previously reported that his firm manages over $200 billion in assets.
He purchased the 6,807-square-foot penthouse in May 2018 from Boris Jordan, the chairman of Curaleaf, the biggest marijuana company in the US. It 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.
Keep reading for a look inside the luxury apartment.
Cliff Asness is the founder of AQR Capital Management, a firm that manages over $200 billion. He has a net worth of $1.7 billion.
Source: Business Insider, Forbes
He just sold his Miami Beach penthouse for $22 million, at a 15% loss and after initially listing it for $29.5 million.
Source: Mansion Global, Wall Street Journal
He 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.
Source: Douglas Elliman
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.
Source: Douglas Elliman
The home has five bedrooms, five bathrooms, and two half-baths, according to the listing.
Source: Douglas Elliman
The master closet is noticeably spacious ...
Source: Douglas Elliman
... 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.
Source: Douglas Elliman
The terrace provides both beach ...
Source: Douglas Elliman
... and city views.
Source: Douglas Elliman
The penthouse also has plenty of indoor lounging space.
Source: Douglas Elliman
And there's also additional outdoor lounging space.
Source: Douglas Elliman
The rooftop pool deck also comes equipped with a grilling area.
Source: Douglas Elliman