Billionaire Ed Craven buys $1.6m in units next to Toorak mansion

It’s green and yellow and purple, and this Toorak apartment is now owned by one of Australia’s richest men. One of Melbourne and Australia’s richest men, crypto casino king Ed Craven, has splashed out on two new homes — a pair of modest apartments. It’s a far cry from the mega mansion he’s building in the same suburb expected to be worth north of $150m and potentially as much as $225m once finished. The more recently acquired Toorak apartments set Mr Craven back a combined $1.63m — plus $87,940 in stamp duty. RELATED: Billionaires Ed Craven and Dennis Bastas vying for Melb’s richest home Pharma boss sets new $124m Melbourne house price record, buys out neighbours $80m: Chemist Warehouse’s Jack Gance buys Toorak mega-site Past listing photos of the two residences show one as a relatively normal, light and bright two-bedroom home. The second is a one-bedroom panoply of colour, with green carpets, purple walls and yellow benchtops. But in both cases, it’s likely the main attraction was the location. Both come with an address that’s over the back fence of Mr Craven’s currently under construction St Georges Rd mega mansion. Inside the two-bedroom home bought by Mr Craven. The kitchen in...