#4 Frank Lowy

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Sir Frank P. LowyAC (born 22 October 1930) is an Australian-Israel businessman of Jewish Slovakian-Hungarian origins 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. He is a former Chairman of Scentre Group, the owner and manager of Westfield-branded shopping centres in Australia and New Zealand.

With an assessed net worth of A$8.26 billion in 2017, Lowy is ranked as the fourth richest Australian according to the Financial Review Rich List;having been the richest person in Australia during 2010.  Forbes Asia magazine assessed Lowy’s net worth at US$4.6 billion in January 2014.  In 2019, Forbes placed him fourth in its Australia’s 50 Richest 2019 with the net worth at US$6.5 billion.

Lowy is the founder of the Lowy Institute — Australia’s leading foreign affairs think tank, which has alternatively been described as “neoliberal”, “centre-right” leaning or “reactionary”

Lowy has appeared on the Financial Review Rich List, formerly the BRW Rich 200 list, every year since it was first published in 1983.  In 2010, the BRW magazine measured Lowy’s wealth at A$5.04 billion, making him Australia’s richest person at that time.  In 2014, his net wealth was assessed at A$7.16 billion by the BRW magazine and US$4.60 billion by the Forbes magazine.  In 2016 his wealth was assessed as A$8.26 billion on the BRW Rich 200 list;  and the same net worth the following year when the list was renamed as the Financial Review Rich List.

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