Ruslan Kogan buys $20m home for parents

Ruslan Kogan paid $15 million for a Flinders getaway last year.

Ruslan Kogan has quietly snapped up a Toorak home for his parents.

The six bedroom dwelling on 1226 square metres on Grant Avenue – abutting the Myer family’s Cranlana – is speculated to be costing $20 million.

The acquisition comes three years since the Kogan founder paid ex-Vodafone Australia director Phil Cornish $38.8m for a French Provincial mansion on 2568 sqm in Chastleton Ave in the suburb.

Last February, we reported the Kogan founder paid the Coady family $15m for a 10 hectare getaway at Flinders, on the Mornington Peninsula.

Three months later, Mr Kogan outlaid $4.4m for the Matt Blatt furniture retailer, which collapsed in March.

In 2016, the businessman acquired the Dick Smith online business for $2.6m (story continues below).

The Grant Ave dwelling (Google Street View image, top) was marketed by RT Edgar’s Antoinette Nido and Jeremy Fox.

The buyer purchased it after one inspection; the property previously traded to Wendy Healey for $2.3m in late 2000.

Mr Kogan, who has a net worth of c$575 million, arrived in Melbourne from Belarus in 1989, aged six.

His parents, Alex and Irene, raised him in an Elsternwick public housing block.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of