Kyle Sandilands has thrown himself head-first into yet another business venture, as his latest company ZeroBonds claims to help renters pay their up-front costs.
The short term money-lending business, which the radio shock jock, 52, has a 95% stake in, offers to pay out rental bonds for a one-off payment and application fee.
It claims to cover most of the bond payment and any damage caused to a property by cash-strapped renters, reported The Daily Telegraph on Saturday.
Renters who are struggling to come up with the bond on move-in day are charged a one-off sum of 14.5 per cent of their bond and a $24 application fee.
In return, ZeroBonds fronts up the rest of the bond and guarantees to pay the landlord if there is any damage done to the property.
Kyle Sandilands, 52, (pictured) has thrown himself head-first into yet another business venture, as his latest company ZeroBonds claims to help renters pay their up-front costs
Company chief executive Hedley Hilton, who owns the other five per cent of the company, said Kyle started ZeroBonds because of his history with homelessness.
‘It really is there to help people who don’t want to pay a bond – who wants to pay a bond if they don’t have to?’ she said.
‘People are really cash-strapped at the moment, the cost of living is going up – I got my electricity bill the other day and nearly fell over.’
The short term money-lending business, which the radio shock jock has a 95% stake in, offers to pay out rental bonds for a one-off payment and application fee
Kyle spent nine months living on the streets of Sydney when he was 15-years-old after he fled his family home.
The media personality became homeless after his parents split and his mother found love with an older man who later became his stepfather.
After throwing a rowdy house party as a teenager, Kyle ran from his home on a bike and was forced to sleep in a box on the streets.
Company chief executive Hedley Hilton, who owns the other five per cent of the company, said Kyle started ZeroBonds because of his history with homelessness
Kyle has been very open about his drive to succeed financially so he can avoid becoming homeless once more.
The KIIS FM star, who recently signed a $200million radio deal, boasted in 2021 that his business empire was worth an incredible $100million.
He entered the business world in 2012 after he founded investment company King Kyle which quickly expanded into content creation and music production.
The business covers a massive variety of services from selling beverages such as H2Coco and Nueva Sangria, to producing the Amazon Prime hit Luxe Listings Sydney.
