John Singleton with daughter Sally at a racing meet in the Gold Coast in 2010
John Singleton dropped $9.3million on a luxury Hawaiian retreat, even though he expected it to be swallowed by the sea within 10 years, and has only visited once because of the coronavirus pandemic.
The advertising tycoon bought the oceanfront villa at Lanika Beach on Hawaii‘s Oahu island in September 2019.
He is spending at least $400,000 to turn the 1935 timber bungalow into a coastal oasis worthy of his exacting standards.
‘I haven’t been able to get back to the house because of COVID-19. I haven’t wanted to isolate there because it’s not quite finished and isn’t really very comfortable at the moment,’ Singleton told the The Saturday Telegraph.
The project will be overseen by interior designer Michelle Leslie, former model and ex-partner of Silverchair frontman Daniel Johns.
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He is spending at least $400,000 to turn the 1935 timber bungalow (pictured) into a coastal oasis worthy of his exacting standards
The oceanfront villa is situated at Lanika Beach on Hawaii’s Oahu island and offers stunning views (pictured)
But it’s likely to see the villa’s 2010 renovations completely overhauled, with the three standalone dwellings transformed into glass pavilions.
The retreat occupies a 1300 square metre property on a gated estate, only two doors down from former US President Barack Obama’s summer rental property.
It is also only a short drive from Pearl Harbor and the state capital, Honolulu, which is also home to an international airport.
When it’s ready the 79-year-old is planning to spend ‘at least every autumn and winter’ there.
The villa’s three standalone dwellings are right on the beachfront, with stone steps leading directly onto the white sand
Despite spending a fortune on the beachfront property he is expects it won’t be long before its location becomes problematic.
‘The house is right on the water. The water laps the sea wall boundary of the property. It won’t be there in 10 or 20 years’ time but that won’t worry me,’ he said.
‘The sea will take the house one day – but I’ll be beyond caring. The location is beautiful. I’ve found my own peaceful haven.’
But that’s a gamble he’s willing to take after spending thousands on risky investments over six decades.
The multi-millionaire entrepreneur has built up a diverse investment portfolio over the years, spanning horse-racing, pearl diving, buffalo hunting, real estate, media and business ventures.
His Hawaii retreat is only two doors down from former US President Barack Obama’s summer rental property (pictured Barack Obama with wife Michelle and daughters Malia and Sasha in Honololu)
After building his success in Australia’s media space in the 1970s and 80s the advertising mogul sold his stake in Macquarie Media for $81million in 2019.
He has also spent a small fortune on his family life, across six marriages and eight children.
Among them is daughter Jessie, who owns and runs an interior design boutique in San Francisco.
Singleton is hopeful buying the property will give him a chance to spend more time with her and his grandchildren Willow and Jackson.
He has also spent a small fortune on his family life, across six marriages and eight children (Pictured: John Singleton with daughters Sally and Julie at the Royal Randwick Racecourse in Sydney in 2005)