For those unversed, the Europe-based company CoinField is one of the fastest-growing cryptocurrency exchanges in the world. It was recently acquired by a fintech firm which has meant nothing but more riches for the marquee’s CEO and co-founder -Babak Ras.
And in proving that his net worth is rather strong, the entrepreneur recently splurged on an impressive $16.5 million home in Beverly Hills. Situated high in the mountains and surrounded by the best of nature, the residence boasts contemporary décor.
It is spread across 8500 square feet and was custom-built several years ago by its original owner. The home features a sunken entertainment area, soaring ceilings, and walls of glass throughout. There’s also a kitchen with two quartzite-slathered islands, a walk-in wine cellar, and a movie theater with stadium seating.
Further, the primary suite upstairs boasts a bedroom with a private terrace, dual bathrooms, and dual walk-in closets. Other impressive amenities include a 60-foot infinity pool, a state-of-the-art fitness center, and the plushest of natural surroundings.
In addition to CoinField, Ras also co-owns Sologenic, a blockchain-based ecosystem headquartered in Dubai, and Coreum, another blockchain network. He is also the CEO of Hardex Brakes, a Vancouver-based global manufacturer and exporter of brake pads.