Billionaire Robert F. Smith revealed as buyer of Elin Nordegren’s former North Palm Beach properties

Miami /
Nov.November 05, 2020 05:30 PM
Elin Nordegren, Russell Weiner, and Robert F. Smith, with 12520 Seminole Beach Road (Credit: Google Maps)

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 sold last month for more than $48 million.

Smith, the richest Black person in the U.S., bought the oceanfront mansion at 12520 Seminole Beach Road for $41.8 million and the non-waterfront home across the street at 12395 Banyan Road for $6.4 million, according to the Wall Street Journal.

Forbes pegs his net worth at $5.2 billion.

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

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

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

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

Last year, he made headlines when he said he would pay off college debt for the graduating class of Morehouse College in Atlanta. [WSJ]Katherine Kallergis


Related Articles

arrow_forward_ios
Shahla and Hushang Ansary with Sun and Surf One Hundred building in Palm Beach (Getty, Google Maps)

Billionaire’s wife pays $14M for Palm Beach penthouse and cabana

Billionaire’s wife pays $14M for Palm Beach penthouse and cabana
Widow of late San Francisco Giants owner buys Palm Beach home

Widow of late San Francisco Giants owner buys Palm Beach home

Widow of late San Francisco Giants owner buys Palm Beach home
8 Windsor Court and Jonathan Sack (Google Maps)

Attorney buys Palm Beach mansion for $13M

Attorney buys Palm Beach mansion for $13M
Lawrence Kaplan and Bart Halpern with 2299 Ibis Isle Road East, Palm Beach (Getty, Corcoran) 

Textile designer pays $7M for waterfront Palm Beach home

Textile designer pays $7M for waterfront Palm Beach home
Scott and Kimberly Goodwin and 232 Bahama Lane, Palm Beach (Patrick McMullan/Getty, Corcoran)

Hedge funder buys Palm Beach spec home for nearly $6M

Hedge funder buys Palm Beach spec home for nearly $6M
249 Seabreeze Ave, Palm Beach

Driving away: Taxi magnate sells Palm Beach home for $6M

Driving away: Taxi magnate sells Palm Beach home for $6M
South Florida’s residential markets bounced back in the third quarter

South Florida’s residential sales rise in Q3, led by surge in Palm Beach County

South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
Caryn Zucker and 167 Seabreeze Ave (Credit: Google Maps)

This just in: CNN chief’s ex-wife pays $8M for Palm Beach home

This just in: CNN chief’s ex-wife pays $8M for Palm Beach home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...