From Water Bottles To Waterfront Mansions: Shark Tank Investor And Former Vitaminwater Exec, Rohan Oza Snaps Up Art Deco Miami Beach Home

He made a fortune from water and now, according to the New York Post, Shark Tank investor Rohan Oza is spending $13.51 million in cash to live beside it. The striped Art Deco waterfront mansion in Miami Beach that Oza recently purchased might look like it was taken out of a bygone era, but there’s nothing old-school about Oza’s wealth. He made his cash from several recent popular brands that have become staples on supermarket shelves.

Oza’s new Miami Beach home was built in 1936 and sculpted by architect Lawrence Murray Dixon, who owned it as a personal residence. Dixon is best known for designing the Raleigh, the Tides and other noted Art Deco buildings in South Beach. The 3,756-square-foot property contains six bedrooms and four bathrooms and enjoys a pool and dock. 

Don't Miss:

The Real Deal states that Oza’s Gaadi, a Montana LLC, bought the home at 214 West San Marino Drive from Villa Madison, a Florida entity managed by art gallery owners Rudolf and Nicole Budja. The Budjas previously listed the house for $29 million in 2022, reducing the price four times to its most recent listing of $13.5 million. Not surprisingly, according to broker Douglas Elliman, Oza doesn’t plan to keep the house as it is but tear it down and build a new waterfront palace.

The Brandfather

Dubbed “the Brandfather,” Oza – a 53-year-old Zambian-born, English-educated groundbreaking ad man – recognized the importance of celebrity branding. Early on, he involved singers and rappers to help raise the profile of his products, most notably Sprite, using the tagline “Obey Your Thirst,” sending sales soaring.

See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

Oza's Financial Masterstroke

Oza’s financial masterstroke came when he was the chief marketing officer for Glaceau, the parent company for Smartwater and Vitaminwater. He recruited rapper 50 Cent to be involved with the drink’s marketing. Subsequently, he sold Glaceau to his former employer, Coca-Cola, for $4.1 billion in 2007. 50 Cent was estimated to have made between $75-$100 million from the deal, after taxes. 

In addition, Oza cofounded the venture capital firm Cavu Consumer Partners with Brett Thomas in 2015. Their enviable portfolio of popular food and drink brands includes Oatly, Beyond Meat, Health-Ade Kombucha, Skinny Dipped, Osea, Poppi, Hims and Hers, Bulletproof Coffee, Vita Coco and many more. Another of Oza’s notable investments was the beverage company Bai Brands, which he sold to the Dr Pepper Snapple Group for $1.7 billion.

Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.

$400 Million Net Worth

The purchase price of Oza’s new home would hardly cause a ripple to his financial standing as the Shark Tank investor is estimated to be worth anywhere between $200-$400 million, according to which website you read and accordingly has a history of high-priced real estate deals. He purchased a 6,000-square-foot home in Bridgehampton, New York, which he sold in 2018 for $8.25 million. In 2010, Oza paid $12.5 million for a Beverly Hills mansion, which he rented periodically for $70-$100,000 monthly. In September 2024, it was sold for $21 million.

Read Next:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!