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Frank Lowy

Frank Lowy

F. Lowy
-0% | + $-0.10M
$8.75 B ₹ 79,583 Cr
Real Time Net Worth #401 Ranking as of 21 Feb 2026 By Forbes

More on Frank Lowy

Gender

Male

Age

95Y

Country

Australia

Born On

October, 1930

Deceased

No

Relationship Status

Widowed

Children

3

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Real Estate)

Primary Organization

Lowy Family Group

Titles

Principal

Sources of Wealth

Westfield Group Sale

Industry

Real Estate, Retail

About Frank Lowy


S ir Frank Lowy is an Australian-Israeli billionaire who is a towering figure in the global retail real estate industry. A Holocaust survivor born in what was then Czechoslovakia, he immigrated to Australia and, in 1959, co-founded the Westfield Group with his business partner, John Saunders. They started with a single shopping center in the suburbs of Sydney and built it into one of the world's largest and most successful shopping mall empires.

For decades, Lowy was the chairman of Westfield, guiding its expansion across Australia, New Zealand, the United States, and the United Kingdom. The Westfield brand became synonymous with high-end, destination shopping centers. In 2018, in a landmark deal, he sold the bulk of his shopping mall empire to the French property giant Unibail-Rodamco for nearly $25 billion. He is also a major figure in Australian public life, having been a leader in the soccer federation and a prominent philanthropist. He now manages his family's wealth through their private investment firm, the Lowy Family Group.

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Quick Reads


  • Co-founder of the global shopping mall giant, the Westfield Group.
  • A Holocaust survivor, he immigrated to Australia after World War II.
  • He and his partner built a single suburban mall into a global empire.
  • Sold his Westfield empire in 2018 for nearly $25 billion.
  • Now runs his family's private investment firm and is a major philanthropist.

Early Life and Background


Sir Frank Lowy AC is an Australian businessman, property developer, and philanthropist. His self-made billionaire fortune stems from the founding of the Westfield Group, one of the world's largest shopping center companies. Born in Czechoslovakia (now Slovakia) in 1930 to a Jewish family, his early life was marked by immense hardship: he was forced to live in a ghetto in Hungary during World War II, and his father died in Auschwitz.

Lowy's life is a story of incredible resilience: he was caught by British authorities and interned in Cyprus before migrating to Australia in 1952 after serving in the Arab-Israeli War (1948). He joined family members in a small goods delivery business in Sydney. In 1953, he met his partner, John Saunders, and they began expanding into property development.

Career Journey of Frank Lowy


Frank Lowy and John Saunders opened their first mall in Sydney in 1959 and listed Westfield Development Corporation on the stock exchange in 1960. His strategic vision transformed the retail landscape: he pioneered the concept of the modern American-style shopping center in Australia, expanding the model aggressively into the USA (1977), New Zealand, and the U.K. For over 50 years, Lowy served as the company's CEO.

His wealth was secured by the immense appreciation of Westfield's global retail real estate portfolio. In 2017, Lowy orchestrated the sale of the final retail operating arm, Westfield Corporation, to a French property concern, securing his final major exit. Beyond retail, he served as Chairman of the Football Federation Australia (FFA) from 2003 to 2015, lobbying to host the 2022 World Cup. He founded the prestigious Lowy Institute for International Policy in 2003.

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Frank Lowy's Timeline


1948:

Fights in the Arab-Israeli War (Personal Milestone).

1959:

Opens the first Westfield mall in Sydney (Founding).

1960:

Westfield Development Corporation executes its IPO (Financial Milestone).

2003:

Founds the Lowy Institute for International Policy; becomes Chairman of the Football Federation Australia (FFA) (Civic/Philanthropic Founding).

2017:

Orchestrates the sale of the final retail arm, Westfield Corporation (Major Exit).

Ongoing:

Continues as Founder and major philanthropist (Executive Oversight).

Major Business Ventures and Investments


Frank Lowy's wealth is concentrated in the immense liquid capital generated from the sale of the Westfield Group and his diversified investments.

  • Westfield Group (Founder & Former CEO): The core wealth generator, one of the world's largest shopping center companies. Sold in 2017.
  • Lowy Institute for International Policy (Founder): His major philanthropic and policy vehicle, focusing on international policy and national security issues.
  • Football Federation Australia (Former Chairman): His long-term leadership role in Australian football.
  • Philanthropic Focus: His giving is substantial, focusing on education, the arts, and the relief of poverty (a recipient of the Carnegie Medal of Philanthropy).

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Philanthropy and Social Impact


Sir Frank Lowy is a major global philanthropist, earning the Companion of the Order of Australia (AC). His structural social impact is tied to the Westfield Group's role in shaping global retail infrastructure and his funding of the Lowy Institute, which provides crucial policy advice.

His personal life is a testament to resilience: he is a Holocaust survivor who fought in the Arab-Israeli War (1948). He has dedicated his philanthropy to honoring the memory of his father, who died in Auschwitz.

Fashion, Style, and Lifestyle


Sir Frank Lowy maintains the professional, distinguished style of an international property tycoon. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of serious authority, reflecting his decades of leadership in the real estate and sports sectors.

Residing in Sydney, Australia, his luxury is the immense security and autonomy derived from his multi-billion dollar fortune. His life is dedicated to the stewardship of his family's legacy, balancing global real estate development with high-impact policy and educational philanthropy.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is a Holocaust survivor who fought in the 1948 Arab-Israeli War.
  • He founded the Westfield Group, one of the world's largest shopping center companies.
  • He was the Chairman of the Football Federation Australia (FFA) for 12 years.
  • He sold the final operating arm, Westfield Corporation, in 2017.
  • He founded the Lowy Institute for International Policy.
  • He served as a Director of the Reserve Bank of Australia.
  • He was injured in a fall off a stage during an A-League trophy presentation in 2015.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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