The Beverly Hills estate of Rockstar Energy Drink founder Russ Weiner just got a $4 million jolt.
Mr. Weiner is the billionaire son of conservative radio talk show host Michael Savage, and built his fortune on an empire of caffeine-packed soft drinks. He put his lavish 1.14-acre estate—once the home of Madonna—up for sale in March for $45 million and on Monday, increased the price to $49 million.
— Mansion Global (@MansionGlobal) January 7, 2016
Forbes pegs Mr. Weiner’s wealth at around $4.3 billion.
The Agency, which is listing the French Country-style compound, did not immediately return a request for comment. The 9% price hike is intriguing since it comes at a time when most mega-million-dollar properties in cities like Los Angeles are taking price cuts to sell, rather than increases.
Mr. Weiner bought the property in the posh Los Angeles suburb for $19 million in 2015, according to property records.
He reportedly bought the home with the intention to live there, but changed his mind, listing agents Mauricio Umansky and Katelyn Byrd of the Agency told The Wall Street Journal in March.
The compound encompasses a seven-bedroom main house, two one-bedroom guest houses, a 60-foot pool and spa and a tennis court.
The main house has a 15-seat home theater, seven fireplaces, a wet bar, staff quarters and a fitness center, according to the listing.
Smart-home technology, a designer kitchen (plus a secondary kitchen) with custom cabinetry were among the many updates the owner made, the listing says.
Before the energy drink tycoon, Madonna called the property home for a spell. She bought the estate in 2003 for $12 million through a private trust, according to property records. She sold the home in 2013.
Mr. Weiner could not immediately be reached for comment.
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