Retail heir pays $51.5m for Crown apartment, taking property spree to $143m
Billionaire Alex Birkenstock and his wife, Vanessa, have purchased a $51.5 million apartment in Sydney's Crown Residences. This acquisition marks their third mortgage-free property purchase in Australia, bringing their total spending to $143 million. Birkenstock, heir to the Birkenstock sandal brand, has a reported net worth of $2.1 billion.
- ▪Alex Birkenstock bought a whole-floor apartment for $51.5 million in cash.
- ▪This is the third property purchase by the Birkenstocks in Australia since December.
- ▪Their total property spending in Australia has reached $143 million.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.