After selling Rockstar Energy to PepsiCo in a deal valued at over $4 billion, Russell Weiner, who now goes by Russell Savage, has shifted his focus to high-end real estate in South Florida. According to Forbes, Savage’s net worth is currently estimated at about $5.4 billion.
Savage began his real estate ventures in September 2020 when he purchased two homes in North Palm Beach from Swedish model Elin Nordegren for $32.9 million. A month later, he sold both properties to billionaire Robert F. Smith for $48.2 million, marking a 47 percent increase within roughly five weeks.
He has continued investing in luxury properties across the region. Most recently, Savage signed contracts to buy two mansions in Stone Creek Ranch, an upscale gated community in Palm Beach County where actor Mark Wahlberg also owns property. The combined purchase price exceeds $40 million. Savage told The Real Deal that while he has received offers to flip both houses for substantial profits, “there is far more upside to go.” He described Florida as “the new Golden State,” citing its lack of state income tax and pro-business environment.
“Everything keeps going up in Florida,” Savage said.
Among his recent acquisitions is an 11,500-square-foot estate on Hawk Shadow Lane listed at nearly $22 million with Douglas Elliman’s Senada Adžem. He also bought another mansion of the same size on Quiet Vista Circle for $16.7 million; this property was marketed by Talbot Sutter of Sutter & Nugent with an asking price of $20.9 million.
In August, Savage paid $35.3 million for a waterfront property at 43 Star Island Drive on Miami Beach’s Star Island—a mansion previously owned by Rosie O’Donnell that features eight bedrooms and significant water frontage. He plans extensive renovations and expansion to create a 15,000-square-foot residence with amenities such as a gym and spa; the finished home may be listed for over $100 million.
Another holding includes a five-bedroom waterfront house at 5300 North Bay Road which developer Keith Menin acquired for $16.1 million but which Savage claims ownership of; Menin was hired to oversee renovations before the property was listed with One Sotheby’s International Realty for $32.5 million.
Savage has also assembled land along Pine Tree Drive in Miami Beach since 2021—purchasing multiple parcels totaling nearly 3.5 acres from Leila and David Centner for more than $35 million and later foreclosing on an adjacent lot earlier this year. Construction began last year on what is expected to be a $100 million compound but has been delayed due to ongoing litigation involving former project manager Andrea D’Alessio.
