Billionaire Robert Smith Buys Two North Palm Beach Homes for $48.19M
For $48.19 million, Robert F. Smith purchased two homes in North Palm Beach. He is a multibillionaire and the richest Black person in America. Robert serves as Vista Equity Partners’ chairman. Russ Weiner, the entrepreneur behind energy drinks, has sold him the houses. Robert and the Justice Department have reached a $139 million tax settlement. After a protracted court battle, it is now over. He bought properties in North Palm Beach, which are located at Seminole Landing. Situated in the Atlantic Ocean, it’s a gated community. Adjacent to Seminole Golf Club is also. Former Swedish model Elin Nordegren was the owner of the two residences. The 25,878 square foot property is designed in the British West Indies style. There are fifteen full bathrooms, three half bathrooms, and eleven bedrooms.
Image Credit: The New York Times
Robert Smith Tax Settlement
Robert acknowledged that he had unlawfully avoided paying taxes on over $200 million, a sum that is derived directly from his private equity. It was placed in a Caribbean organization. The majority of the funds were donated to Mr. Smith’s charity, the Fund II Foundation, which he founded in 2014. Millions were spent by him on personal items. Purchasing a business property in France is part of it. He remodeled a Sonoma, California vacation house. Additionally, Robert made renovations to a Colorado home. The non-prosecution agreement he signed with the Government made it clear. Finally, the deal has been reached. Robert F. Smith bought two opulent properties in Seminole Landing, a gated neighborhood in North Palm Beach, after paying the tax.
Billionaire Robert Smith Buys Two North Palm Beach Homes for $48.19M
Multibillionaires are constantly interested in purchasing pricey real estate. This time, though, Robert has stepped forward and offered $48.19 million to purchase two properties in North Palm Beach. The opulent mansion was purchased by him from Elin Nordegren, a former Swedish model. The two homes are the ideal lure for anyone hoping to lead an opulent lifestyle. Along with an underground gym, there is a theater, wine cellar, and roof deck. The outdoor swimming pool is directly visible from an observation window. Robert seems to enjoy blowing cash on pricey real estate.
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