Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

In a real estate deal that blends luxury living with large-scale philanthropy, energy titan and renowned art collector Roger Sant has sold his full-floor condo at the Ritz-Carlton Residences in New York City for $23.8 million, according to Robb Report.

Sant, co-founder of AES Corp., has earmarked the entire sale price for charitable donation, turning a massive real estate exit into a windfall for philanthropic causes.

The 28th-floor residence sold to a Delaware-based limited liability company with an address in Fort Worth, Texas, Robb Report said.

Don’t Miss:

While $23.8 million is significant, it highlights volatility in the ultra-luxury segment. The property was originally priced at $39 million, before the price dropped to $29 million.

Despite the final price falling short of the initial asks, the sale is still a significant gain over his purchase price. Sant paid $17.6 million for the condo in 2017, according to Robb Report.

The 6,800-square-foot condo is one of just 12 at the Ritz-Carlton, a 1920s tower designed by Emery Roth, who designed many New York City buildings. The home was renovated for Sant by designer Thomas Pheasant, who included a 33-foot-long gallery leading to the living room and an adjoining dining room.

Trending: Why Billionaires Like Warren Buffett Prefer Real Assets Over Speculation—Institutional Real Estate Is Now Accessible to Individuals

The primary suite is a 2,000-square-foot sanctuary filling the entire west wing. It has two bathrooms, two dressing rooms and Central Park views.

The cost of a Ritz-Carlton residence goes beyond the purchase price. The new owner must pay more than $17,000 in common charges for a suite of white-glove services, including a private resident-only lobby, dedicated concierge and full access to the hotel’s business center, fitness center and La Prairie Spa, according to Robb Report.

Sant has long been a fixture in the world of high-impact giving. As co-founder and chairman emeritus of The Summit Foundation, his work has focused on environmental conservation.

Read Next: 

Story Continues

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.

Fundrise

Fundrise has over a decade of experience managing billions in private markets for hundreds of thousands of clients. Their venture capital offering lets individual investors gain exposure to private technology companies with low minimums, diversified holdings, and a long-term focus on growth before public markets. For investors looking to expand beyond stocks and bonds, Fundrise provides a simple way to diversify into private tech ventures starting with just $10.

Rad AI

Rad AI’s award-winning artificial intelligence technology helps transform data chaos into actionable insights, enabling the creation of high-performing content with measurable ROI. Their Regulation A+ offering allows investors to participate at $0.85 per share with a minimum investment of $1,000, providing an opportunity to diversify portfolios into early-stage AI innovation. For investors seeking exposure to the rapidly growing AI and tech sector, Rad AI offers a chance to get in on the ground floor of a data-driven growth story.

Arrived

Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

EnergyX

As demand for electric vehicles and energy storage grows, lithium has become a key driver of the clean energy transition — and an asset class many investors haven’t tapped. EnergyX’s Lithium Ion Transport and Separation (LiTAS) technology offers a “brine to battery” solution, providing early-stage investors a way to gain exposure to lithium production and the energy sector. With investments starting at $1,000, EnergyX allows investors to diversify beyond traditional stocks and bonds into a fast-growing segment of the green economy.

Lightstone

Lightstone DIRECT gives accredited investors direct access to institutional-grade real estate, going beyond typical crowdfunding platforms. By cutting out middlemen, it aligns investor and manager interests while providing exposure to a $12B+ portfolio spanning multifamily, industrial, hospitality, retail, office, and life science properties. This approach allows investors to diversify their portfolios across multiple property types and markets, gaining professional-grade real estate exposure without the fees or misalignment common on other platforms.

Domain

Domain Money helps professionals and households earning $100,000+ take control of their finances with personalized, CFP professional-led guidance. By offering tailored financial planning, Domain empowers users to make smarter, more confident decisions across investments, retirement, taxes, and overall wealth strategy.

Image: Shutterstock

This article Philanthropist Roger Sant Donates $23.8M Sale Price Of Ritz-Carlton Condo In New York originally appeared on Benzinga.com

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.