Check Out The £8m Ocean-front ‘fortress’ of Bitcoin Tycoon – Fred Schebesta, Who’s Worth Over £100m.
A TECH millionaire has opened up the doors to his £8million ocean-front fortress for the first time after making his crypto fortune.
Fred Schebesta, the founder and CEO of the finance comparison website Finder, gave TikTok star Fonzie Gomez a tour of his stunning five-bedroom mansion.
The cliffside ‘fortress’ is known for its glass, stone and galvanised steel features Credit: Tik Tok
The dad-of-one bought Bitcoin in 2017 when one bitcoin was worth just £2,100.
Bitcoin surged to £42,000 in March when Elon Musk declared that Tesla would accept the cryptocurrency.
Schebesta bought the £8million “Coogee castle” in May from Macquarie Bank executive director Laurie Macri and his wife Christine.
They had purchased the palace from the 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 told Gomez that he was “in the house of crypto.
“Crypto built this house.”
One of the main features of the home is the spectacular moat.
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 en-suite, are on the upper level of the mansion.
Downstairs is where the gym, heated infinity pool and jacuzzi are located.
Schebesta said he had 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 £102million to £113million in 2020 despite the coronavirus crisis.
Last week Schebesta said he predicts Bitcoin will be worth six times as much by 2025.
Depsite the crypto’s volatility, the millionaire said that 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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