Those in attendance had to apply to attend by outlining on social media their "most freaky trait".
DJ Brooke Evers, who attended the bash, told the Gold Coast Bulletin that Beynon was known for hosting parties that were even wilder than those held at Hugh Hefner's infamous Playboy Mansion.
"I have been to Playboy Mansion parties and they are not as good a Candyman Mansion parties," she said.
Kicking off at 12pm, guests were ordered indoors at 2pm, where they partied until midnight.
While some male guests came dressed as Santa Claus, prisoners, clowns and even the Pope, most female guests stuck to black underwear and sky-high stilettos for the event.
Beynon, a father of four, is a former model who helped his parents set up Australia's lucrative FreeChoice tobacco store chain.
Beynon, a father of four, is a former model who helped his parents set up Australia's lucrative FreeChoice tobacco store chain.
His legendary parties are known for their debauchery — and hefty price tags. Earlier this month, Beynon told the Bulletin that he wanted to have more children and that Hefner was his "idol".
"They were just two individuals I responded to best as idols in what they both stood for, Gianni Versace was all about beauty in everything and Hugh Hefner was all about freedom in everything — free speech, gay rights," he said.