The post Three Arrows Co-Founder’s Wife Sells High-Value Singapore Home appeared on BitcoinEthereumNews.com.

Zhu Su’s wife, Evelyn Tao, sold a luxury home in Singapore, completing the transaction in October 2024. The property’s redevelopment contributed significantly to its increased value, showcasing strategic asset management amid financial challenges. Zhu Su, co-founder of the now-defunct crypto hedge fund Three Arrows Capital, has made news yet again, this time for the sale of his family’s luxurious residence. With an outstanding $51 million—about $38.5 million— Zhu Su’s wife, Evelyn Tao Yaqiong, has effectively sold their esteemed Singaporean house, according to Bloomberg. This large sale shows a good turn in their real estate business within the stormy wake of Three Arrow Capital’s collapse. Originally bought by Evelyn for $28.5 million back in 2020, the property underwent significant renovation, most likely adding great value. Not only was the deal signed in July 2024, but it was formally finished by October of that same year. Zhu Su High-Profile Property Sale Amid Financial Struggles  Given its large profit margin, which indicates an efficient investment despite Zhu Su and his associates’ more general financial difficulties, this property transaction has attracted questions. The house’s enhanced value was mostly derived from its renovation, and hence, the difference between the purchase price and the final sale price is rather important. The timing of this sale is also interesting since it corresponds with the well reported financial difficulties Three Arrow Capital faces. Once among the most powerful hedge funds in the crypto market, it had a spectacular collapse last year and left many wondering about the financial situation of Zhu Su and her co-founders overall. Although it still dominates attention for viewers considering the background of Three Arrow Capital’s liquidation problems, the closing of this sale surely offers some financial relief. The fall of the hedge fund came from a sequence of poor investment decisions that left…

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Filed under: News - @ November 3, 2024 7:02 am