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Tech entrepreneur splurges $40m on property in four months – The Australian Financial Review


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Tech entrepreneur splurges $40m on property in four months – The Australian Financial Review

No comment from Thornton on the sale price, but it rounds out more than a handful of purchases in the past four months, with sources saying there is yet more to come.6 Ocean Road, Palm Beach.  Among those already settled in his company name are a couple of terraces in Paddington for $3.05 million each,…

No comment from Thornton on the sale price, but it rounds out more than a handful of purchases in the past four months, with sources saying there is yet more to come.

6 Ocean Road, Palm Beach. 

Among those already settled in his company name are a couple of terraces in Paddington for $3.05 million each, a Woollahra house for $4.67 million and the McMahons Point pad of Sir John Key for $6.1 million a few months ago.

And all this before he secures his forever home in Mosman.

The Luigi Rosselli-designed house at Mosman’s Plunkett Road was for sale for $10.5 million before it sold to Robin Khuda. 

It’s certainly an improvement on his property stocks of a little more than a decade ago when his property portfolio boasted only a one-bedroom flat in Cremorne. Purchased in 2005 for $450,000, it sold in 2009 for $465,000.

Helping to fund it all is hyperscale data centre operator AirTrunk, founded by Khuda, and valued at $3 billion this year by Macquarie Infrastructure and Real Assets even before we all familiarised ourselves with Zoom.

An estimated net worth of $400 million is enough to put the 40-year-old well on his way to a debut on this year’s Financial Review Rich List when it is published this year.

Khuda’s investment of his tech industry gains into Sydney’s prestige market is shared by fellow tech industry leader Mike Cannon-Brookes, the co-chief executive and co-founder of software giant Atlassian.

Cannon-Brookes, whose net wealth is estimated at $18 billion, has amassed more than $208 million of prime real estate in NSW in the past two years held in his name or that of his corporate entities, including the $100 million Point Piper estate Fairwater.

The Mosman house is Robin Khuda’s sixth real estate purc

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