Tesla chair Robyn Denholm buys $27.5m pad

PHOTO: Robin Denhholm has bought a $27.5 million penthouse at Cremorne Point. Photo: Supplied

Newly minted billionaire and chair of Tesla Robyn Denholm has smashed Sydney’s north shore apartment record books, buying a $27.5 million penthouse in Cremorne Point.

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The whole-floor spread in The Ritz building on a waterfront reserve is not only the state’s highest apartment sale north of the Harbour Bridge, but outside the CBD tower market where the records are $60 million for the established “Boyd penthouse” and James Packer’s $72 million off-the-plan purchase in Crown’s One Barangaroo.

**The seven-bedroom penthouse in Cremorne Point settled to Robyn Denholm this week. Photo: Domain**

Denholm’s newly acquired spread is a seven-bedroom apartment with garaging for six cars and additional rooftop living space set atop a converted former boarding house on Milson Road.

Before it settled to Denholm this week, the penthouse was owned by developer Ken Stevens, who declined to comment on the sale, instead asking that any inquiries go to Forbes Global Properties’ Ken Jacobs or buyer’s agent Steve Smith, of SydneySlice.

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Despite no comment from either agent, settlement records show a 240 per cent gain since Stevens bought it in late 2011 for $8.1 million.

**Robyn Denholm has been chair of electric car making giant Tesla since 2018. Photo: Alex Ellinghausen**

Denholm, who started her career in the automotive industry pumping petrol at her parents’ service station in Milperra, is up-grading from a house in nearby Waverton she bought for $2.5 million in 2003.

Denholm left her senior executive role at Telstra in 2018 to take up the chair of Tesla after company founder Elon Musk stepped down.

Her personal stocks have soared in recent years in line with that of the electric car maker. She made her debut on the AFR Rich List 200 in 2021 and rose to billionaire status on this year’s list with an estimated wealth of $1.18 billion thanks in large part to her stock options.