A billionaire beverage mogul is slimming down his real estate holdings in Los Angeles and across the Western United States in a nine-figure bet on the next wave of tech wealth. Russ Savage, founder of Rockstar Energy and longtime luxury home investor, is listing five properties across Los Angeles, Aspen and Park City for a combined $297 million, betting that initial public offerings from companies like SpaceX and anticipated IPOs from firms like OpenAI and Anthropic will unleash a fresh crop of ultrawealthy buyers, the Wall Street Journal reported. Savage, who sold Rockstar to PepsiCo in 2020 for roughly $4.7 […]
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