← Go back Apr 04, 2023
Crypto founder Bryn Solomon recently bought a $6.89m Tamarama home. Cryptocurrency wealth in Sydney’s eastern suburbs real estate remains alive and well. Bryn Solomon, the founder of the Cayman Islands-based crypto trading platform Mgnr.io, has just spent $6,895,000 in Tamarama. His first home purchase was bought with no registered mortgage. The modernised 1920s home designed by Chapman Architecture was listed late last year with an auction guide of $6.8m to $7.2m. MORE: Hemsworth hide-out sells for record $37m It was bought from Eleanor Cheetham Gammell, from the Small Giants Academy, who’d paid $7.5m in June 2021. Inside Solomon’s new Tamarama home. She and husband, Dan Gammell, investment director at First Light Capital, retain their converted Surry Hills warehouse which was bought from the artist Colin Lanceley and his widow, Kay, for $5m in 2015. MORE: Only Fans star’s luxe lifestyle revealed The Tamarama St home, on 465sq m, has been extended behind its original Victorian facade. It has four bedrooms and two bathrooms. It was marketed as a luxurious contemporary beach house by PPD’s Alexander Phillips and David Tyrell. Solomon, the 35-year-old Adelaide-born crypto investor, had previously been a derivatives trader in Hong Kong and Chicago. Bryn Solomon. Source: LinkedIn His Linkedin shows he recently departed Mgnr, a quantitative cryptocurrency asset manager with arms in market making, discretionary trading, DeFi yield farming, and venture capital, for private trading based in Singapore. MORE: Rabbitohs splurge on homes in new team heartland Staying in Tamarama and with crypto, Finder.com.au founder and crypto investor Fred Schebesta recently sold his redundant apartment for $4,725,000 to the literary agent Gaby Naher. The Wonderland Avenue penthouse with pool had traded at $3.9m in 2017. (function(videojs) { var videoId = "6325305000112-53"; var video = videojs(videoId); var globalId = "iris_6325305000112_53"; video.pluginDev(videojs.mergeOptions({}, { start_up_next: false, end_up_next: false, global: globalId, ssl: true, thumbs_down: false, thumbs_up: false })); })(window.videojs); (function(videojs) { var videoId = "6325305000112-53"; var durationElement = document.createElement('div'); durationElement.className = 'vjs-overlay-duration'; var durationFragment = document.createDocumentFragment(); durationFragment.appendChild(durationElement); var video = videojs(videoId); video.overlay({ overlays: [{ align: 'bottom', content: durationFragment, showBackground: false, start: 'loadstart', end: 'play' }] }); video.on('loadstart', updateVideoDurationOverlay); video.ready(function() { var isOverlayActive = true; video.on('play', function() { if (isOverlayActive) { isOverlayActive = false; video.overlay({ overlays: [] }); } }); updateVideoDurationOverlay(); }); function updateVideoDurationOverlay() { var myPlayer = this; if (myPlayer.mediainfo && myPlayer.mediainfo.duration) { var duration = secondsToMMSS(myPlayer.mediainfo.duration); durationElement.textContent = duration; } } function secondsToMMSS(totalSeconds) { var minutes = Math.floor((totalSeconds) / 60); var seconds = totalSeconds - (minutes * 60); // remove any decimals seconds = Math.round(seconds); var result = minutes + ":" + (seconds < 10 ? "0" + seconds : seconds); return result; } })(window.videojs); Schebesta’s stated aim was to boost his investment in bitcoin, and live at his $16.85m South Coogee oceanfront castle. MORE: Horror development for Sydney renters ‘Lambo guy’ Adrian Portelli pays record $39m for penthouse Crypto trader Fred Schebesta. Picture: The Australian. The South Coogee oceanfront “castle”. Naher, who has over 30 years experience in the book industry, heads Left Bank Literary whose clients include Stella-prize-winning author Heather Rose. She has been a patrol captain at Bronte Surf Life Saving Club. The post Crypto kings’ staggering real estate wealth on show in Sydney appeared first on realestate.com.au.
Read more: realestate
