Rich listers Collis and Cyan Ta’eed made tech corporate history in May when the tech firm they had co-founded, Envato , was sold for $373 million. It was just what they needed to buy into Sydney’s housing market. This is no trophy home mind, but it is a really nice house nonetheless in the billionaire enclave of North Bondi.
The contemporary four-bedroom house in North Bondi was listed for $8.5 million before it was sold before auction. Credit: Domain Settlement on the deal is yet to take place so it remains unknown how much they paid for the four-bedroom, three-bathroom house, but it was listed with an $8.
5 million guide by Raine & Horne’s Mark Yeats and sold prior to auction. Pre-auction offers usually come in well above the guide in order to get a deal done before the competition shows up. Cyan and Collis Ta’eed sold Envato in May for $US245 million ($373 million).
Credit: Nakita Pollock For those who missed the highlights of the Envato story , it was founded 18 years ago in a Bondi garage by the Ta’eeds and their friend Jun Rung only to become one of Australia’s most successful private tech companies valued at more than $1 billion on the Australian Financial Review Rich List . In terms of their own fortune, the Ta’eeds debuted on the AFR Young Rich List in 2016 worth a combined $184 million, as did Rung and Collis’s brother Vahid Ta’eed with $43 million each. Then along came global giant Shutterstock with $US245 million cash for the owners of the “digi.