Afterpay co-founder Nick Molnar spends $10 million on North Bondi penthouse
Afterpay co-founder Nick Molnar and his wife, Gabrielle, have reportedly spent $10 million on a brand new North Bondi penthouse.
The deal – the highest price paid for a dwelling in the eastern Sydney suburb this year – was struck off-market with the developer, Rafi Assouline.
The couple live in a smaller North Bondi apartment which they bought for $900,000 in 2013 – two years before getting married.
Their next home – with 210 square metres of area over the top two levels of a new building on the Ben Buckler clifftop – has unobstructed water views.
The dwelling is configured with three bedrooms and a rooftop terrace. The sale also includes three car parks.
Afterpay was founded in 2014.
When it was launched on the ASX in 2017, shares were valued at $2.95 million.
These shares are worth about $24.50 today.
The Australian company expanded into the US last year.
However, it has reportedly been facing competition this year from other finance groups seeking a stake of the lucrative buy-now-pay-later market.
Mr Molnar is now global chief revenue officer for the company which has more than three million customers and 200 retail merchants.
With co-founder Anthony Eisen, Mr Molnar cashed out of part of the company in June, banking about $100 million.
However each retain an interest worth more than half a billion, according to the recent AFR Young Rich List.
Last year, Melbourne-based Mr Eison and his wife, Samantha, paid members of the Arnott family $7.6 million for Byron Bay’s landmark White House on Wategos Beach.
