Another tech multi-millionaire has joined the expensive incursion into the Sydney property market by snaring a spectacular $10m penthouse on the Ben Buckler cliff face with sweeping views of iconic Bondi Beach.
Gabrielle Molnar, wife of the co-founder of soaring market favourite Afterpay, Nick Molnar, bought the three-bedroom unit with a terrace, in an off-market purchase.
It goes into the Molnar portfolio, along with the $900,000 two-bedroom apartment in North Bondi they bought in 2013.
Molnar’s success has been well documented after his debut on the Australian Financial Review’s Young Rich List with an estimated fortune of $61m after the company was floated and the share price trebled.
The company, Afterpay Touch is now worth an estimated $5.7b while Molnar’s own worth is now reportedly $341m.
Molnar’s co-founder Anthony Eisen is also active in the property market.
Based in Victoria with his wife Samantha, the couple bought a $6.2m mansion in upmarket Brighton two years ago.
They have since added a holiday house near Byron Bay in NSW they purchased for $7.6m.
Another AfterPay Touch co-founder David Hancock paid $7.65m for a home in Paddington to go his historic Kurkulla property he bought for $3.75m in 2015.
The property splurges by the AfterPay Touch trio follow similar purchases by Australian tech billionaire Mike Cannon-Brookes.
He has spent more than $170m on properties after his software giant Atlassian started setting financial records.
With wealth estimated by the Australian Financial Review ‘s rich list as $9.63 billion, Cannon-Brookes’ latest purchase was one of the Southern Highlands of NSW’s largest land holdings, Widgee Waa for $14.5m
His portfolio also includes Fairwater in Point Piper, for which he paid $100m.
Cannon-Brookes also owns at least six other properties in areas ranging from Kangaloon to Centennial Park and Palm Beach valued at between $9m and $17m each.