Afterpay boss Nick Molnar spends $10 million in North Bondi

Afterpay co-founder Nicholas Molnar seems set to upgrade to the cliff-front at North Bondi.

There’s been a whisper-quiet $10 million sale, the highest price paid in the expensive suburb this year.

Molnar and wife, Gabrielle, who married in November 2015, have been residing in a smaller nearby North Bondi apartment that they bought together in 2013, a year before the buy-now, pay-later giant was founded.

The new penthouse acquisition was atop the recently completed triplex project by the Assouline family.

With ocean and beach views, the two level 210 sqm apartment with three car spaces is positioned on the coveted Ben Buckler peninsula.

In June Molnar (pictured) and fellow co-founder Anthony Eisen, who late last year spent $7.6 million in Byron, cashed out $100 million of shares.

Molnar, the 29-year-old former head of fintech Afterpay Touch, launched the firm on the ASX in 2017 at $2.95 per share. The shares are now trading at around $24.

Afterpay launched in the US just over a year ago, with Molnar now in the role of global chief revenue officer.

Afterpay has more than three million customers and over 20,000 retail merchants.

This article was first published in the Saturday Daily Telegraph.