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.

Lees ook op Business Insider

Foto: Source: Lucy Nicholson/Reuters

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.

Foto: The living room. Source: Courtesy of Douglas Elliman

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.

Foto: The living room. Source: Courtesy of Douglas Elliman

Source: Mansion Global, Business Insider


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

Foto: The library. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


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

Foto: The dining room. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


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

Foto: Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


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

Foto: The master bedroom. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


The master closet is noticeably spacious …

Foto: The master closet. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


… as is the master bathroom.

Foto: The master bathroom. Source: Courtesy of Douglas Elliman

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.

Foto: The master bedroom. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


The terrace provides both beach …

Foto: The terrace. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


… and city views.

Foto: One of the bedrooms. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


The penthouse also has plenty of indoor lounging space.

Foto: Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


And there’s also additional outdoor lounging space.

Foto: The private pool. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman


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

Foto: The view of the penthouse. Source: Courtesy of Douglas Elliman

Source: Douglas Elliman