After selling Rockstar Energy to PepsiCo for more than $4 billion, Russell Weiner, who now goes by Russell Savage, has shifted his focus to luxury real estate in South Florida. Savage began his real estate ventures in 2020 by purchasing two North Palm Beach homes from Elin Nordegren, the former wife of Tiger Woods, for $32.9 million. He later sold both properties to billionaire Robert F. Smith for $48.2 million just over a month later.
Forbes estimates Savage’s net worth at approximately $5.4 billion following the sale of his company.
Savage has continued investing in high-end properties in the region. He recently signed contracts to buy two mansions in Stone Creek Ranch, a gated community in Palm Beach County where actor Mark Wahlberg is also a resident. The combined price for these two houses exceeds $40 million. In an interview with The Real Deal, Savage stated that he has not yet decided whether he will sell or keep the properties but noted that “there is far more upside to go.” He attributed Florida’s appeal to its lack of state income tax, business-friendly policies, and perceptions of low crime rates.
“Everything keeps going up in Florida,” Savage said.
Among his recent acquisitions is an 11,500-square-foot estate at 9303 Hawk Shadow Lane listed for nearly $22 million with Douglas Elliman’s Senada Adžem. He also purchased another mansion at 16071 Quiet Vista Circle for $16.7 million; this property was previously on the market with Talbot Sutter of Sutter & Nugent for $20.9 million.
In August, Savage bought a waterfront mansion at 43 Star Island Drive on Miami Beach’s Star Island for $35.3 million. The property was formerly owned by Rosie O’Donnell and features significant water frontage as well as multiple guest houses and amenities. Savage plans extensive renovations and expects the property could be listed for over $100 million after completion.
Another holding includes a home at 5300 North Bay Road which developer Keith Menin renovated; it is currently listed with One Sotheby’s International Realty for $32.5 million.
Savage has also assembled land on Pine Tree Drive in Miami Beach for a large compound, acquiring several parcels since 2021 and beginning construction on what is planned as a $100 million estate. Progress was delayed due to legal disputes involving his former project manager Andrea D’Alessio.
Savage’s investments reflect ongoing interest among wealthy buyers in South Florida luxury real estate markets.
