They say patience is a virtue and, while that is debatable from a philosophical point of view, it certainly seems to have been for Russ Weiner when it comes to the sale of a showbiz-pedigreed Beverly Hills estate along a particularly prestigious stretch of Sunset Boulevard.
The billionaire Rockstar Energy Drink founder, now in his early 50s, can finally drink to the profitable sale of the estate after more than four years on and off the market with several high-profile Platinum Triangle real estate agents and a variety of prices that back in 2017 soared as unrealistically high as $49 million and last year dipped to as low as $29.995 million.
The $29.5 million sale price is a notably hefty amount under the final ask of $35 million but nonetheless a good-sized fortune over the $19 million the avid and well-known trophy property collector paid for the place back in August of 2015.
Set down a long driveway behind imposing driveway gates , the 1.14-acre estate was once owned by actress Sela Ward and businessman Howard Sherman, an unsuccessful 2018 Democratic candidate for the U.S. Senate in Mississippi. Ward and Sherman sold the estate in 2003 for $12 million to Madonna and Guy Ritchie, and Madge hung on to the property for about five years after her and Ritchie’s 2008 divorce, selling it in 2013 for $19.5 million to an investor who didn’t invest well and lost half a million bucks when the property was sold in 2015 for $19 million to Weiner.