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RESIDENTIAL PROPERTY

Afterpay founder buys $10m penthouse

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FINTECH co-founder of buy now, pay later platform Afterpay, Nick Molnar and his wife Gabrielle have bought a $10 million penthouse on the Ben Buckler clifftop in Sydney’s prestigious eastern suburbs.

The three-bedroom, three-level building in North Bondi was acquired in an off market deal from developer Rafi Assouline’s HSN Holding Company. It features a rooftop terrace and a pool.

The couple already has a two-bedroom apartment in the suburb, which they bought in 2013 for $900,000.

Afterpay Touch is worth $5.7 billion and at just 29, Molnar is worth an estimated $341 million, according to last year’s Young Rich List. He and fellow co-founder Anthony Eisen are both believed to be holding shares worth around $550 million.