Afterpay's Nick Molnar buys $10 million clifftop penthouse in Ben Buckler

Afterpay’s co-founder Nick Molnar is still in his 20s, but that hasn’t stopped him from trading up his Sydney home to something more in keeping with the soaring success of the buy-now, pay-later technology company.

Records show Molnar’s wife Gabrielle Molnar has paid $10 million for a penthouse on the Ben Buckler clifftop set atop a striking block of three apartments recently completed to a design by MHN Design Union.

The three-bedroom apartment with a rooftop terrace was an off-market purchase by Molnar from the HSN Holding company headed by property developer Rafi Assouline.

It remains unknown if the Molnars plan to keep the nearby two-bedroom apartment in North Bondi they bought jointly as their first Sydney home in 2013 for $900,000.

The Molnars married in 2015 and the following year he debuted on the AFR Young Rich List worth an estimated $61 million, after the buy-now, pay-later fintech was floated on the ASX and saw its share price almost treble in the first six months.

Afterpay Touch is now a $5.7 billion company and Molnar, 29, has seen his own coffers swell to an estimated $341 million as of last year’s Young Rich List. More recently, it was reported he and fellow co-founder Anthony Eisen were sitting on shares worth close to $550 million each, despite selling $47 million in shares during a capital raise in June.

Eisen’s property portfolio hasn’t suffered either. He is based in Melbourne where he and his wife Samantha bought a $6.2 million mansion in well-heeled Brighton two years ago,  and more recently added a holiday house in Byron Bay.

The White House at Wategos Beach, as it is known, was bought by the Eisens in a company name for $7.6 million late last year from farmer Charlie Arnott, of the Arnotts Biscuit family.

Fellow co-founder David Hancock has also made good on Afterpay’s bull run, buying an Espie Dods-designed residence in Paddington late last year for $7.65 million.

Hancock and his wife Fee were previously based in Bowral, where they bought the historic, Howard Tanner-restored property Kurkulla in 2015 for $3.775 million, retaining it since.

Molnar’s new North Bondi home is by far the most bullish of his Afterpay co-founders.

It is one of only four double-digit sales on the Ben Buckler headland, of which the highest is the $14 million house sold last year by NAB senior executive Spiro Pappas and his wife Nicolette Harper, and a few months later the $11.5 million penthouse sale by retail chief Mark McInnes to nursing home scion Mark Moran and his wife Evette.