Frank Lowy Net Worth is$Billion
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Honorific Suffix: Order of Australia
Birth Date: 1930/10/22
Birth Place: Fi?akovo, Czechoslovakia
Ethnicity: Jewishurl
Residence: Sydney, New South Wales, Australia
Citizenship: Australia, Israel
Boards: Westfield Group
Religion: Judaism
Spouse: Shirley Lowy
Children: Peter Lowy, David Lowy
Frank Lowy, AC (born 22 October 1930) is an Australian-Israeli businessman. He is a co-founder of the Westfield Group, operator of over 100 shopping centres in Australia, New Zealand, the United States and Great Britain. In 2010, Lowy was ranked #1 on the BRW Rich 200 list.
Lowy was born in FiA 3/4 akovo (Hungarian: FA 1/4 lek), Czechoslovakia, and lived in Budapest, Hungary during World War II. He made his way to France in 1946, where he left on the ship Yagur, but was caught en route to British Mandate of Palestine by the British and deported to the detention camp in Cyprus. After a few months, Lowy was allowed into Palestine and was brought to the Atlit detainee camp. Lowy then moved to Sde Ya'akov, a small yeshiva school near Qiryat Tivon, and eventually joined the Haganah and then the Golani Brigade, fighting during the Araba??Israeli War in the Galilee and in Gaza.
In 1952, Lowy left Israel and joined his family, who had left Europe for Australia and started a business delivering small goods. In 1953, he met fellow Hungarian immigrant John Saunders. The pair became business partners, eventually creating Westfield Development Corporation through the development of a shopping centre at Blacktown in Sydney's western suburbs. Over the next 30 years, Lowy and Saunders developed shopping centres across Australia and the United States (from 1977); changing the name of the company to the Westfield Group and listing the company on the Australian Stock Exchange in 1960. Saunders sold his interests and left the company in 1987; meanwhile Lowy took the company to New Zealand (in the 1990s) and the United Kingdom (in the 2000s).
In 2008 Lowy and related interests were mentioned in documents stolen from the LGT Bank of Lichtenstein by a former employee. A subsequent US Senate probe and an Australian Taxation Office audit in which Lowy and his sons, David and Steven, were investigated on their involvement with financial institutions in tax havens located in Liechten

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Frank Lowy Latest News

Frank Lowy bids farewell as takeover approved

Eighty-seven-year-old Sir Frank Lowy will “not sit on the beach and do nothing” but instead channel his energy into his family’s $4 billion private investment company and his foreign policy think tank, the Lowy Institute, after shareholders yesterday ...
Posted: May 24, 2018, 7:10 am

Frank Lowy signs off as chairman of Westfield after almost 60 years heading up the shopping centre empire

Sir Frank Lowy has signed off as chairman of Westfield after almost 60 years at the helm of the shopping centre empire. His resignation follows news of a $33 billion takeover by Paris-based retail giant Unibail-Rodamco, with a staggering 97.5 per cent of ...
Posted: May 23, 2018, 10:31 pm

Sir Frank Lowy's final speech thanks a banker, has shareholders on their feet

Sir Frank Lowy received a standing ovation from shareholders at his final Westfield annual meeting on Thursday after delivering an emotional speech championing Australian business overseas and calling for greater openness to ideas and people. After landing ...
Posted: May 24, 2018, 1:06 am
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