Russ Weiner Net Worth
What is Russell Weiner's net worth?
Russell aka "Russ" Weiner is an American entrepreneur who has a net worth of $4 billion. Russell Weiner earned his net worth by being the founder, creator and CEO of the Rockstar Energy Drink company.
For many years, Russ Weiner owned 85% of Rockstar, with his mother Janet – an early investor and longtime CFO – owning the remaining 15%. Russ first officially hit billionaire status in 2014 when Rockstar earned a valuation $1.8 billion. 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. In March 2020, Rockstar was acquired in full by Pepsico for $3.85 billion in cash.
Russ Weiner's father a well-known conservative radio personality and talk radio host named Michael Michael Savage. Russ was born in 1970 and grew up in the San Francisco Bay Area. He attended Redwood High School in Marin County, followed by 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 Sausalito, 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.
Russell Weiner Real Estate
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 financially-troubled music 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. Birdman attempted to sell the home in 2018 for $20 million. He ultimately had to accept a $10.9 million offer in November 2020.
In 2013 Russell spent $10 million to buy a beachfront home in Hermosa Beach, California. In March 2019 he listed this property for $21 million. He ultimately accepted $14.3 million for this property.
In September 2019 Russ paid $16.5 million for a 12,500 square-foot mansion in the Hollywood Hills. Russ seems to have a knack for mansions at rock-bottom prices, because this house had actually been bought three years prior for $27 million. At the time of purchase Russ owned at least four other Los Angeles homes including TWO estates in the ultra-exclusive guarded area of Beverly Park. He purchased his first Beverly Park mansion for $15 million in 2007 and the second for $18.6 million in 2015. He also owns Madonna's former Sunset Boulevard compound which he also bought in 2015 for $19 million.
Add it all up and Russ Weiner's current real estate portfolio (that we know about) is worth at least $150 million.
|Net Worth:||$4 Billion|
|Date of Birth:||1970|
|Nationality:||United States of America|