Coe passed away during a ski trip with his family in Aspen, Colorado, earlier this week (begs21Jan13), reports The Sydney Morning Herald.
Hurley has taken to Twitter.com to pay her respects to Coe, noting he was a dear friend to her sports star fiance Shane Warne.
She writes, "A very sad day. RIP David Coe. A wonderful man and a great friend of Warne. All thoughts to his wife and children."
Coe, former chairman of the collapsed Allco Finance Group, is survived by his wife Michelle and three sons. He was widely regarded as one of Australia's most generous arts patrons and charity benefactors.