Rank #406
Frank Lowy
Net worth $8.8B
Investments · Australia
- Born
- Oct 22, 1930
- Age
- 95
- Source
- Investments
- Residence
- Tel Aviv
- Citizenship
- Australia
- Marital status
- Widowed
- Children
- 3
- Education
Net worth over time
Biography
- An era ended in 2018 when Frank Lowy sold his Westfield Corp. to a Franco-Dutch group Unibail-Rodamco in a $16 billion deal that was Australia's largest takeover at the time.
- A Holocaust survivor, Lowy opened his first shopping center in Sydney in 1959, launching what became one of the world's largest mall businesses.
- Today the Lowys' main business is running their family investment house, Lowy Family Group, with offices in New York, Los Angeles and Sydney.
- Lowy is a principal of the group, along with his three sons, David, Peter and Steven.
- Lowy is chairman of the Lowy Institute, an Australian think-tank he founded in 2023.
- Lowy's eldest son David is also a pilot and musician. He is the guitarist and founder of rock band The Dead Daisies.