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Sydney property: Rich Lister Ian Malouf buys $20 million getaway in Palm Beach

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Rich List garbo-turned-yacht broker Ian Malouf has joined the crush of prominent eastern suburbs families on Palm Beach’s Snapperman Beach, buying a weekend getaway for about $20 million.
The beachfront house in the exclusive Sydney suburb has long been owned by the McNiven family, bought in 1997 for $2.06 million and held by late businessman John McNiven until recently, when Malouf negotiated to buy it directly.
Malouf declined to comment on the purchase, saying that he didn’t know that information was out yet, and settlement would reveal the price.
Palm Beach’s Snapperman Beach is crammed full of holiday goers from the eastern suburbs, including the most recent arrival, Ian Malouf. ....

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Hidden man Ian Osborne Spac has built a $ 1.5 billion venture capital firm

Hidden man Ian Osborne Spac has built a $ 1.5 billion venture capital firm
When technology financier Ian Osborne invests in a company, managers have to agree on an unusual clause: not to talk about it without his permission.
Such tactics have flown under the radar of Osborne and his company Hedosophia despite largely participating in high-end investments and buying offerings over the past decade.
With early support from media baron Michael Bloomberg, Hong Kong tycoon Li Ka-shing and German Burda family, the 38-year-old Osborne has quietly created a $ 1.5 billion venture capital business.
According to people familiar with the matter, Alibaba, Ant Financial and the Asian company Airwallex have received an investment from Osborne from the European companies Spotify, TransferWise and Raisin. ....

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