Former billionaire mining tycoon Frank Timis spends $5.5 million on Perth home

2018-06-26The former billionaire mining tycoon Frank Timis and wife Carmen have spent $5.5 million on a Perth home.

Timis snapped up the property at City Beach just one day into its marketing.

The SW3 London-based entrepreneur secured a 2015 built home which was designed by Giorgi Exclusive Homes.

It has five bedrooms, a home office, theatre room, sauna, gym, outdoor kitchen, pool and spa.

Space Real Estate agent Scott Swingler secured the quick sale.

He was once ranked the wealthiest Australian in Britain, according to the Sunday Times Rich List in 2011, even ahead of Sir Michael Hintze.

This article was first published in The Weekend Australian.