Billionaire Aussie entrepreneur Peter Freedman splashes $8million on luxurious penthouse in Sydney’s eastern suburbs

Billionaire Australian entrepreneur Peter Freedman has splashed out a whopping $8.2million on a luxurious pad in Sydney’s eastern suburbs.

Located in Potts Point, 3.2kms from the CBD, the glorious sub-penthouse boasts stunning harbour views.

Situated in the boutique Ikon Tower block, in the heart of one of Sydney’s upscale entertainment precincts, the prestige apartment features two bedrooms and two bathrooms.

Freedman, 65, best known as the founder of Rode microphones, plans to use the apartment while he makes renovations to his ‘Jenner House’, a nearby mansion he purchased for $30million reports The Wentworth Courier. 

The tycoon already owns a penthouse in the Ikon, which he bought in 2018 for $16million.

Situated in the boutique Ikon Tower block, in Potts Point, the prestige apartment features two bedrooms and two bathrooms

Highlights include a spacious open plan design, and breath taking views from a private balcony which opens off the main living area

Freedman’s new pad, meanwhile, features an amazing $2million renovation created KBH Interior design.

Highlights include a spacious open plan design, and breath taking views from a private balcony which opens off the main living area.

The large kitchen features a breakfast bench, wine fridge and Pitt stove with Wolf oven.

Built on the site of the old Chevron-Hilton Hotel, which was in known in the 1960s as the ‘home to the stars’, the Ikon apartment complex features a spa, gym, and in door heated pool.

It comes after Freedman bought the grand Jenner House, which was built in the 1870s for the prominent Hordern family, founders of the famous Australian retail brand.

Last year, Freedman, who owns Kurt Cobain’s guitar, vaulted into the elite club of Australia’s richest people, leaping into the Australian Financial Review’s Rich List after being valued at over $701million.

His equipment has become the sound recording equipment of choice for millions who make social media videos and podcasts – and he is likely worth much more due to his US earnings.

Freedman plans to use the apartment while he makes renovations to his ‘Jenner House’ (pictured), a nearby mansion he purchased for $30million 

Jenner House was built in the 1870s for the prominent Hordern family

In 2021 2.5 million Rode products were sold into 118 countries and remarkably they are all manufactured in Australia.

This has propelled Mr Freedman into 192th place on the list of 200 richest Australians, where you need at least $629million to qualify.

It is an incredible turnaround for Mr Freedman who in the early 1990s was more than $1million in debt, had lost his beloved father’s electronic shop and was desperately trying to hawk a home-use microphone in Los Angles while living off his credit card.

Mr Freedman had created the microphone by modifying a Chinese one he had picked up at a trade show 10 years earlier and rediscovered in his stockroom while looking for ‘anything he could sell’ .