A tech millionaire has opened up the doors to his $15 million Sydney oceanfront “fortress” for the first time after making his crypto fortune.
Fred Schebesta gave TikTok star Fonzie Gomez a tour of his stunning five-bedroom mansion in Sydney, Australia. The father-of-one invested in bitcoin in 2017 when the price was worth just $4,000.
Bitcoin has seen an astronomical surge in recent years, making many early investors rich beyond their wildest dreams when. In early 2021, the blockchain currency peaked at over $80,000 per coin, roughly around the time Elon Musk declared that Tesla would start accepting the cryptocurrency.
Schebesta, the founder and CEO of the finance comparison website Finder, bought the “Coogee castle” in May from Macquarie Bank executive director Laurie Macri and his wife Christine after the Bitcoin rush.
The sizeable abode was formerly owned by ad guru John Singleton in 2005. The cliffside mansion — noted for its glass, stone and galvanised steel features — has breathtaking views of the ocean.
After opening the door to his home, Schebesta tells Gomez “crypto built this house”.
In 1994 the house was designed by architect Renato D‘Ettorre to look like “a moated castle floating above the ocean”.
The five bedrooms, four of which are ensuite, are on the upper level of the mansion.
Downstairs is where the gym, heated infinity pool and hot tub are located.
Schebesta said he has sacrificed “health, family time, friendships” while amassing his ”almost billion dollar empire”.
The 39-year-old chief executive last year made The Australian Financial Review‘s Young Rich List ranking 26.
Before his millions, Schebesta worked at a Pizza Hut call centre as a university student. In 2019, his wealth climbed from roughly $192 million to $212 million in 2020 despite the coronavirus crisis.
He now
Last week Schebesta said he predicts bitcoin will be worth six times as much by 2025.
Despite the crypto‘s volatility, the millionaire said bitcoin will be worth more than £32,000 by the end of 2021 and nearly £178,000 by 2025.
Speaking to the Daily Mail he said: “It‘s no secret I’m a huge fan of bitcoin and cryptocurrency.
“I believe the technology is going to change the way people access money and it‘s creating a fairer financial system.”
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