Frank Lowy
Frank Lowy is the founder and Chairman of the Lowy Institute. He is also the Chairman and co-founder of the Westfield Group. Lowy served as Westfield’s Chief Executive Officer for over 50 years and assumed a non-executive role in May 2011. He is the Chairman of The Institute for National Security Studies and of Football Federation of Australia. From 1995 until December 2005, Mr Lowy was a Member of the Board of the Reserve Bank of Australia.[1] In January 2014 Forbes rated Lowy's wealth at $4.6 billion, making him the sixth richest person in Australia.[2]
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Early Life
Lowy was born in Fiľakovo, Czechoslovakia (now Slovakia), and lived in Budapest, Hungary during World War II. He arrived in British Mandate Palestine as a migrant in the aftermath of World War II and fought alongside Ariel Sharon in the 1948 War of Independence.[3]
Career
From Forbes:
- Lowy opened his first mall in Sydney in 1959 after migrating from Hungary via Israel. He started a Sydney delicatessen in 1952, then expanded first into property development in the city's western suburbs and later into malls. A passionate soccer supporter, he is chairman of the Football Federation of Australia. He is also a donor to many causes including the Lowy Institute think tank, the Lowy Medical Research Institute and an aviation museum. Sons Peter and Steven run the company. Peter will step down by mid-2015, when Steven becomes chief of new international group, Westfield Corp.[4]
Affiliations
Notes
- ↑ Frank Lowy Profile, Lowy Institute website.
- ↑ '2014 Australia's 40 Richest', Forbes Asia, January 2014. Last accessed 8 August 2014.
- ↑ 'The quiet benefactor: Lowy's close ties with Israel', The Sydney Morning Herald, 29 September 2008.
- ↑ 'Frank Lowy Profile', Forbes.
