Billionaire Robert F. Smith Buys Two North Palm Beach Homes for $48.19 Million

Robert F. Smith, a billionaire private-equity executive and the richest Black person in the U.S., has bought a pair of North Palm Beach, Fla., properties from energy drinks entrepreneur Russ Weiner for $48.19 million, according to three people familiar with the deal.

The deal closed last month, around the same time as Mr. Smith’s $139 million settlement with the Justice Department, the result of a lengthy criminal tax probe by the department. The chief executive of private-equity firm Vista Equity Partners is also known for announcing last year that he would pay off the college debt for the graduating class of historically black Morehouse College in Atlanta, Ga.

The North Palm Beach properties are in Seminole Landing, a private, gated community located on the Atlantic Ocean and next to Seminole Golf Club. They were owned by Elin Nordegren, a Swedish former model and ex-wife of golfer Tiger Woods. She sold the homes to Mr. Weiner last year for $32.89 million, records show.

The British West Indies-style property commissioned by Ms. Nordegren totals 25,878 square feet and has 11 bedrooms, 15 full bathrooms and three half bathrooms, The Wall Street Journal reported when she first put the property on the market in 2018.

The property includes a wine cellar, a putting green, a sports court, a roof deck, a theater and a subterranean gym with an observation window that looks directly into an outdoor swimming pool with a waterslide.

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