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Russ Savage Sells $300M Luxury Portfolio
Description
Russ Savage, the billionaire behind Rockstar Energy, is selling five luxury properties worth nearly $300 million across LA, Aspen, and Park City, betting big on a surge of tech billionaires—especially from SpaceX and AI firms—buying up elite real estate as they hit IPOs. Having sold Rockstar to PepsiCo for $4.7 billion, Savage sees this as the next wave of wealth creation, targeting buyers who’ll want multiple homes across climates. Prices range from $34M to $85M, with Beverly Hills already seeing major price jumps. He’s also eyeing Florida for new investments, positioning himself at the center of the next ultra-rich real estate boom.
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