Nick Molnar has been busy over the last two years. In addition to selling Afterpay — the “buy now, pay later” fintech firm he co-founded — for $29 billion, he also paid north of $30 million USD for a residential compound in his native Australia. Last summer, he tossed down nearly $22 million for “Friends” actor Matthew Perry’s Los Angeles penthouse. And earlier this year, he bought tennis legend John McEnroe’s $29 million Malibu home.
Now the trophy property collector has done it yet again; records show he’s paid north of $34 million to buy a sumptuous estate in L.A.’s prestigious Bel Air neighborhood. Originally listed in May for nearly $40 million, the neoclassical manor was built in 2006 and designed by prolific architect Richard Manion.
And Molnar didn’t need installment payments — or a mortgage, for that matter — to afford his new home; grant deeds indicate he paid the entire purchase price in old-fashioned cash.
The seller was businessman Sam Nazarian, who bought the property for $25 million in 2015. Recently remodeled, the house was previously owned by the late Brad Grey, CEO of Paramount Pictures from 2005-2017. Set walking distance from the Bel-Air Hotel, the rambling mansion is invisible from the street, hidden behind big gates and hedges.
Beyond those fortifications, a long driveway winds past dozens of trees and grassy lawns on its way to a spacious motorcourt; discreetly hidden around the side of the home is a three-car attached garage. There are more formal gardens and lawns in the backyard, plus ample patio space for sunbathing, covered loggias for al fresco dining and a large swimming pool.
Though traditional on the outside, the nearly 11,000-square-foot home’s interiors are decidedly contemporary. Notable features include a two-story foyer with a curved staircase and marble floors, a living room that converts into a movie theater at the push of a button, and a large home gym. The chef’s kitchen offers quartz countertops and services separate dining and breakfast rooms. Upstairs, the primary bedroom suite includes a private balcony, dual baths and dual closets. Four guest bedrooms all have ensuite baths, and there’s a separate staff room for live-in employees.
Nazarian has moved to Florida, where back in 2020 he paid $14 million for a waterfront mansion in affluent Coral Gables. The SBE Entertainment founder and wife Emina Cunmulaj also maintain a summer vacation home on the coast of Montenegro, near her hometown.
As for Molnar, who at 32 is reportedly Australia’s youngest billionaire, we expect him and wife Gabrielle to soon sell their penthouse at The Century in favor of dividing time between Malibu and their stylish Bel Air estate.