The father of Australia’s youngest billionaire, Jamie Craven, has made headlines by acquiring the illustrious Sapphire Beach House previously owned by Nathan Tinkler for a cool $16 million, all paid upfront in cash. This purchase not only marks a significant addition to the Craven family’s impressive portfolio of beachfront properties but also represents a remarkable deal given the property’s history and market trajectory.
Original Price of $30 million
Originally listed by Tinkler with hopes of fetching a lofty $30 million back in June 2023, the price of the Sapphire Beach House has seen a considerable decline since then, paving the way for the Cravens to swoop in and secure this coveted trophy property at a substantial discount.
Beyond the financial aspect, this acquisition holds sentimental value for the Craven family as it signifies a nostalgic return to the Coffs Harbour area, where Ed Craven, the co-founder of the renowned Stake.com, spent his formative years. Stake.com has emerged as a powerhouse in the global gambling scene since its inception in 2017, initially focusing on crypto transactions and swiftly evolving into a dominant force in the industry.
Ed Craven’s Net Worth of $3.11 billion
With a staggering net worth of $3.11 billion, according to the Australian Financial Review, Ed Craven’s entrepreneurial ventures extend beyond Stake.com. He has also got investments in Easygo, a game creator.
The acquisition of the Sapphire Beach House not only enhances the Cravens’ real estate holdings but also symbolizes a triumph over adversity, as part of the funding for this purchase was made possible by Tinkler’s financial setbacks, including bankruptcy in 2016.
This turn of events proves the unpredictable nature of fortunes and serves as a testament to the resilience and foresight of the Craven family in seizing lucrative opportunities during market fluctuations. As they say “One man’s loss is another man’s gain.”
About Stake.com
Stake Sportsbook and casino is a very well-known crypto betting platform, boasting an extensive array of over 100 sports for betting enthusiasts. Alongside traditional sports, it offers a comprehensive casino suite featuring live betting options including eSports.
Beyond its gaming offerings, Stake Sportsbook distinguishes itself by providing live streaming for select sports and events, including exclusive sessions featuring interactions with notable figures like Drake in online casino roulette. This distinctive feature not only allows users to engage with celebrities but also presents opportunities to partake in their winnings, elevating the overall gaming experience.
Moreover, Stake Sportsbook has cultivated strategic partnerships with renowned personalities, influential sports teams, and celebrated athletes such as Everton FC, Drake, Kun Aguero, and Israel Adesanya.
Their recent collaboration is with Alex Pereira, the illustrious UFC light-heavyweight champion.
These collaborations infuse an added layer of excitement and exclusivity into the platform, positioning Stake Sportsbook as an unrivalled destination for bettors looking for entertainment and rewards.
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