Russ Weiner sells his homes in North Palm Beach to Robert F. Smith


Elin Nordegren, Russell Weiner and Robert F. Smith, with 12520 Seminole Beach Road (Credit: Google Maps)

Billionaire Robert F. Smith, who recently agreed to pay a $ 139 million tax evasion settlement with the Justice Department, is the buyer of two North Palm Beach properties that were sold last month for more than $ 48. millions of dollars.

Smith, the richest black person in the United States, bought the beachfront mansion at 12520 Seminole Beach Road for $ 41.8 million and the non-waterfront house across the river. street at 12395 Banyan Road for $ 6.4 million, according to the Wall Street Journal.

Forbes estimates his net worth at $ 5.2 billion.

Rockstar Energy Drink founder Russell Weiner flipped the properties, reaping a 45 percent gain in a month, after paying nearly $ 33 million for both in September. Swedish model Elin Nordegren, ex-wife of golfer Tiger Woods, sold the houses to Weiner.

The beachfront mansion has 11 bedrooms, 15 bathrooms, and three half baths. It has rooms with retractable glass walls, a roof terrace, a wine cellar, a theater, two kitchens and a gym. With a swimming pool, the home has 200 feet of ocean frontage, a putting green, and a basketball / pickleball court. A separate guest house has two separate apartments, each with a kitchen and living room.

Smith, CEO of Vista Equity Partners, also has a $ 59 million penthouse at the Getty in the Chelsea neighborhood of Manhattan and two luxury homes in Malibu.

Smith settled with the Justice Department after admitting to evading taxes on more than $ 200 million in funds through an offshore account, withdrawing millions of dollars of untaxed money for personal use, reported the Newspaper.

Last year he made headlines when he announced he would pay off college debt from the class of Morehouse College in Atlanta. [WSJ]Catherine kallergis

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