Rockstar Energy billionaire sets his sights on South Florida

After cashing out of Rockstar Energy in a multibillion-dollar sale to PepsiCo five years ago, founder Russell Weiner turned his attention from energy drinks to luxury Florida real estate.

Weiner, who says he recently changed his name to Russell Savage, an homage to his father’s radio name, started with a pair of modest flips. In September 2020, he paid $32.9 million for two North Palm Beach homes — one on the ocean and the other across the street. The seller was Swedish model Elin Nordegren, the ex-wife of golfer Tiger Woods.

A month later, in October 2020, Savage sold the two houses for $48.2 million to billionaire Robert F. Smith. That marked a 47 percent gain in about 35 days.

Savage was fresh off the sale of his company, a deal that was valued at more than $4 billion, according to Forbes. The publication also pegs Savage’s current net worth at about $5.4 billion.

He continued to bet on luxury real estate in the Sunshine State. Most recently, he signed contracts to purchase two mansions in Stone Creek Ranch, a high-end, gated neighborhood in Palm Beach County where his neighbors will include actor Mark Wahlberg. He’s paying more than $40 million for the two houses. Another flip could be on his radar, though he said last week in an interview with The Real Deal that he hasn’t decided what he will do with the properties.

While he said he’s received offers to flip both homes for millions more, “there is far more upside to go,” he added. He called Florida the new Golden State, and cited its lack of state income tax, pro-business policies and perception of low crime.

“Everything keeps going up in Florida,” he said.

Here’s a look at his growing portfolio:

9303 Hawk Shadow Lane in Stone Creek Ranch

He’s under contract to purchase the 11,500-square-foot estate on 2.5 acres at 9303 Hawk Shadow Lane. It’s on the market for nearly $22 million with Douglas Elliman’s Senada Adžem.

16071 Quiet Vista Circle in Stone Creek Ranch

He’s also in contract to buy the 11,500-square-foot mansion at 16071 Quiet Vista Circle. The 2.6-acre property is on the market with Talbot Sutter of Sutter & Nugent, asking $20.9 million.

43 Star Island Drive in Miami Beach

In August, Savage paid $35.3 million for the 1.1-acre property at 43 Star Island Drive on Miami Beach’s Star Island. The 11,104-square-foot, eight-bedroom mansion previously belonged to former talk show host and comedian Rosie O’Donnell. The property has 200 feet of water frontage, two guest houses, a boat house and tropical landscaping, according to the listing. Savage plans to renovate and expand the estate into a 15,000-square-foot mansion with a master suite, gym, spa, padel court and cabana. It will likely hit the market for more than $100 million.

5300 North Bay Road in Miami Beach

Savage owns the waterfront 5,552-square-foot, five-bedroom, seven-bathroom home at 5300 North Bay Road. Developer and hospitality mogul Keith Menin paid $16.1 million for the 0.3-acre property in 2024, but Savage said he is the true owner. He hired Menin to renovate the home into a seven-bedroom, seven-and-a-half-bathroom house that spans 6,023 square feet. It’s on the market with Marko Gojanovic and Reid Heidenry of One Sotheby’s International Realty for $32.5 million.

5011, 5101 and 5111 Pine Tree Drive in Miami Beach

Savage has spent years assembling land for a compound on Pine Tree Drive in Miami Beach. In 2021, Leila and David Centner sold the properties at 5011 and 5111 Pine Tree Drive, which totaled nearly 3.5 acres, to Savage for more than $35 million. Earlier this year, Savage foreclosed on the middle property at 5101 Pine Tree Drive.

Construction of his massive, $100 million estate on the assemblage began in 2023, but was held up by messy litigation involving Savage and his former project manager, Andrea D’Alessio, and D’Alessio’s companies.

Residential

South Florida

Billionaire Russ Weiner is buying a second mansion in Stone Creek Ranch