Frank Lowy
Australian businessman, founder and chairman of Westfield / From Wikipedia, the free encyclopedia
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Sir Frank P. Lowy AC (/ˈloʊi/ LOH-ee; born 22 October 1930) is an Australian-Israeli[2][3] businessman of Jewish Slovak-Hungarian origins[4][5] and the former long-time chairman of Westfield Corporation, a global shopping centre company with US$29.3 billion of assets under management in the United States, United Kingdom and Europe. In June 2018 Westfield Corporation was acquired by French company Unibail-Rodamco.[6]
Frank Lowy | |
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Born | Frank P. Lowy[1] (1930-10-22) 22 October 1930 (age 93) |
Nationality | Australian |
Known for | Co-founder, Westfield |
Board member of |
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Spouse(s) | |
Children | 3; including Steven Lowy |
Lowy was the inaugural chairman of Scentre Group, the owner and manager of Westfield-branded shopping centres in Australia and New Zealand.[7][8]
With an assessed net worth of A$9.33 billion in 2023, Lowy was ranked as the tenth richest Australian according to the Financial Review Rich List;[9] having been the richest person in Australia during 2010.[10][11] Forbes Asia magazine assessed Lowy's net worth at US$6.5 billion in January 2019 and placed him fourth in its Australia's 50 Richest people.[12]
Lowy is the founder of the Lowy Institute, Australia's leading foreign affairs think tank,[13][14] which has alternatively been described as "neoliberal",[15] "centre-right" leaning[13] or "reactionary".[16] Lowy is also chairman of the Institute for National Securities Studies, an independent academic institute that studies key issues relating to Israel's national security and Middle East affairs.[17][18]