Billionaire buys Byron Bay home off millionaire
A Melbourne millionaire and billionaire have traded a Byron Bay home.
Skilled Group former boss, art collector, Greg Hargrave, offered the Marine Parade property several times over the past seven years.
Following the latest campaign it found a buyer – Stephen Ring, who in late 2015 pocketed a speculated $1 billion selling the Swisse Wellness business his father founded decades earlier.
The purchase price is believed to be nearly $10 million; Byron Bay Property Sales’ Vicky Innes and Jeremy Bennett were the agents.
Mr Hargrave paid Albury orthopaedic surgeon David Kirwan $7.55m in 2009 (story continues below).
The dwelling occupies an 800 square metre block opposite Wategos Beach .
In April, 2017, Mr Ring outmuscled both celebrity chef Guy Grossi and developer Joseph Chahin for a Melbourne CBD building at 23-29 Bourke Street – for decades prior, home to Society restaurant.
A year earlier it was reported the executive spent c$7.6m on a waterfront Sorrento home, on Victoria’s Mornington Peninsula.
The executive controlled about 60 per cent of the Swisse Wellness business which sold to Hong Kong based Biostime for $1.67b.
