The debts of failed property developer Jean-Dominique Huynh, best known for being behind the remodelling of Sydney’s iconic Sirius building and raising hundreds of millions of dollars for landmark developments on the east coast, have risen from $131 million to a staggering $667 million, according to his bankruptcy trustee.
Huynh, a former Macquarie Group investment banker, once touted his alleged connections to Australia’s richest person, Gina Rinehart, and Vietnamese billionaires, to raise funds. His creditors include some of Australia’s largest private credit funds, such as Metrics Credit Partners and Fortress Loans, along with a series of wealthy families.
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