Russ Weiner Net Worth
Russell Weiner net worth: Russell aka "Russ" Weiner is an American entrepreneur who has a net worth of $2.5 billion. Russell Weiner earned his net worth by being the founder, creator and CEO of the Rockstar Energy Drink company. Weiner owns 85% of the company which was recently valued at $1.8 billion. His mother Janet owns the remaining 15% of the shares and the company's CFO. Rockstar is currently the third most consumed energy drink in the United States with annual sales north of $800 million. Rockstar is number three behind Monster and Red Bull. Russell Weiner is also the son of well known conservative radio personality and talk show host Michael Michael Savage. Russ Weiner was born in 1970 and grew up in the San Francisco Bay Area. He attended Redwood High School in Marin County, then San Diego State University. Prior to founding Rockstar, Weiner landed a business development position at Skyy Vodka after randomly meeting company founder Maurice Kanbar. After a year at Skyy, Weiner quit to start Rockstar. He mortgaged his condo in Sausilito California to raise his $50,000 startup costs. Rockstar's major innovation was simple: A bigger can. Russ had always been frustrated by the fact that Red Bull only came in 8 ounce cans. After testing more than 700 variations of the future drink, the final formula was chosen and Rockstar's cans hit the shelves with roughly double the liquid volume of a Red Bull.
In October 2012, Russell Weiner sold his Palm Island Miami mansion to rapper Birdman for $14.5 million. Weiner bought the house out of foreclosure from troubled producer Scott Storch. Scott Storch paid $10 million for the house in 2006, Weiner bought it for $6.75 million in 2010. Russ flipped it two years later to Birdman for $14.5 million, more than doubling his original investment.