Australian Oodie founder purchases $4.35m home in Adelaide Hills

The young multi-millionaire has made his fortune selling the wearable blankets and has decided to make his escape from the city.

Oodie founder Davie Fogarty has bought a $4.35m home in the Adelaide Hills. Picture: Supplied

The multi-millionaire founder of an Australian clothing brand has purchased a new property in the Adelaide Hills.

Davie Fogarty, 28, has an estimate net worth of $250m after creating the Oodie, the oversized wearable blanket.

The young entrepreneur revealed his $4.35m purchase in a house tour video posted to his YouTube channel earlier this month.

“I was actually looking for a house in Noosa,” he told his 307,000 subscribers.

Davie Fogarty has brought a $4.35m house in Mylor. Picture: YouTube

The four-bedroom, three-bathroom home stands on a four hectare property. Picture: YouTube

“I wasn’t actually going to buy another house in Adelaide but then I saw this and just instantly knew that I needed to go see it.”

He said he booked multiple inspections across the city but cancelled them all after seeing the four hectare Mylor farm.

Oodie has helped Mr Fogarty amass a net worth of $250m. Picture: Instagram

“I didn’t even sell my own house, I just needed to move in to this one,” he told viewers.

The four-bedroom, three-bathroom home was purchased full -furnished (for an additional $150,000) through real estate agent Dee-Anne Hunt Williams Real Estate.

The property last sold in 2018 for $1.41m.

Fogarty will join the 2023 cast of Shark Tank. Picture: Supplied.

Complete with paddocks, a ceramic workshop, outdoor bath and room for two miniature goats, the property is an idyllic escape from the city.

“I grew up in the Hills so I would always just walk around in nature and think about ideas,” he said.

“Some people connect with nature and need it a lot more than others.

“As entrepreneurs we kind of become conditioned to the amount of cortisol and stress that we are actually experiencing and if you’re like me, you just want to work.

Mr Fogarty plans to build a chapel-like building to house his gym. Picture: YouTube

Mr Fogarty said he had plans to join two of the bedrooms to make a master suite with walk-in robe, but his primary development plan is a chapel-like building he plans to use as a gym.

“Although I’m saying I just want to get off the hedonic treadmill and stop chasing everything, and this is a luxurious property, I do feel like this is a thing that I really wanted and needed in my life,” he said.

“I’m just going to enjoy it and find a bit of peace as well.”

The 28-year-old multi-millionaire will be joining the cast of Shark Tank Australia in its return to the silver screen after a five year hiatus.