Frank Lowy
Lowy Institute | |
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Spouse(s) | |
Children | 3; including Steven Lowy |
Sir Frank P. 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
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]
Biography
Early life
Lowy was born in Czechoslovakia[3] (in what is now Slovakia), and was forced to live in a ghetto in Hungary during World War II.[19] He made his way to France in 1946, where he boarded the ship Yagur, heading for Mandatory Palestine. However, he was caught on route by the British authorities and interned in a detention camp in Cyprus.[20] Lowy joined the Haganah, and then the Golani Brigade, and fought in the 1948 Arab–Israeli War in the Galilee and Gaza.[21]
Career
In 1952, Lowy left
Lowy was appointed a Director of the
After turning 80 in October 2010, Lowy officially stood down as executive chairman of the Westfield Group effective May 2011, taking on the role of non-executive chairman. Sons, Steven and Peter, became joint chief executives.[29] In October 2015, Lowy stepped down as the chairman of the Scentre Group, a role that he had held for 55 years.[30]
Personal life
Lowy married Shirley Rusanow in 1954, having met at a Jewish dance when he was 21. They have three sons, Peter and Steven, who managed the Westfield business, and David, who manages the family's private investments.
In an Australian television production broadcast in 2010, called Family Confidential, it was revealed that Lowy had kept a secret about his survival in Nazi occupied Hungary.[citation needed]
Lowy moved to Israel at the end of 2018.[35] Lady Lowy died in Tel Aviv in December 2020, after a long battle with dementia. In What Will Become of Us, a documentary screened at the 2019 Sydney Film Festival, Lowy spoke openly of the trauma of gradually losing his wife.[36][37]
Net worth
Lowy has appeared on the Financial Review Rich List, formerly the BRW Rich 200 list, every year since it was first published in 1983.[38][39] In 2010, the BRW magazine measured Lowy's net worth at A$5.04 billion, making him Australia's richest person at that time.[10][11] In 2016 his net worth was assessed as A$8.26 billion on the BRW Rich 200 list;[40] and the same net worth the following year when the list was renamed as the Financial Review Rich List.[41]
Year | Rich 200
|
Australia's 50 Richest
| ||
---|---|---|---|---|
Rank | Net worth (A$) | Rank | Net worth (US$) | |
2007[42][43] | 2 | $6.51 billion | 2 | $4.30 billion |
2008[44][45] | 2 | $6.30 billion | 4 | $4.40 billion |
2009[46][47] | 2 | $4.20 billion | 2 | $2.80 billion |
2010[48][49] | 1 | $5.04 billion | 3 | $3.50 billion |
2011[50][51] | 6 | $4.98 billion | 4 | $4.30 billion |
2012[52][53] | 3 | $6.47 billion | 5 | $4.40 billion |
2013[54][55] | 2 | $6.80 billion | 4 | $5.30 billion |
2014[56][57] | 4 | $7.16 billion | 6 | $4.60 billion |
2015[58][59] | 4 | $7.84 billion | 3 | $5.0 billion |
2016[60][61] | 3 | $8.26 billion | 4 | $5.0 billion |
2017[41][62] | 4 | $8.26 billion | 4 | $5.70 billion |
2018[63] | 5 | $8.42 billion | 4 | |
2019[64][65] | 7 | $8.57 billion | 4 | $6.50 billion |
2020[66] | 9 | $8.30 billion | ||
2021[38] | 9 | $8.51 billion | ||
2022 | 10 | $9.30 billion | ||
2023[9] | 10 | $9.33 billion |
Legend | |
---|---|
Icon | Description |
Has not changed from the previous year | |
Has increased from the previous year | |
Has decreased from the previous year |
Football in Australia
In the 1980's Lowy was president of the Hakoah Social Club, which was attached to the
With the NSL and Soccer Australia defunct, Prime Minister
Lowy was chairman of the
In 2007 Lowy commenced a campaign to host the 2022 FIFA World Cup in Australia backed with A$43 million in support from the Australian Government.[71] In 2010, amid allegations of bribery, politics, and back-scratching,[72][73][74] FIFA awarded Qatar the right to host the World Cup.
In 2015, he fell off a stage as the A-League trophy was due to be presented. In May 2015 he underwent surgery to resolve a complication that had arisen from the fall.[75]
Lowy completed his term-limited period in charge of the FFA, then handed over power to his son Steven Lowy unopposed. The move was controversial and viewed as nepotism and questions over Steven's lack of experience in football governance were partly responsible for a significant power struggle at the highest levels. Intervention by FIFA eventually resulted in a new governance model, the splitting away of the A-League competition from direct control of the FFA and large changes at the boardroom level. Steven resigned from the role and Lowy also sold the last of his shares in Sydney FC at this time.
Philanthropy
Lowy has a reputation for giving his time and financial support to a broad range of causes.[citation needed] He was awarded the title of Australia's leading philanthropist by peak body, Philanthropy Australia, with donations in 2002 of A$10 million.[76]
In April 2003 to mark the 50th anniversary of his arrival in Australia, Lowy established the
March Of The Living
In April 2013, In April 2013, Lowy attended the
Later, during the memorial ceremony, Lowy addressed the students and said: "So here I am, with you all in Birkenau. I know he was also here, under this same sky. Just like almost half a million Hungarian Jews, he came to this place in a wagon and, almost immediately after arriving, disappeared as smoke into the sky. I was 13 when I lost my father, and now I am 82 – and you know, I still miss him."[85]
Awards and recognition
In 2000, he was appointed a
He was knighted in the 2017 Queen's Birthday Honours (UK) for services to business and philanthropy.[91][92]
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- ^ Pilger, John (26 September 2011). "War and shopping – the extremism that never speaks its name". New Statesman (1996). Archived from the original on 11 September 2016.
The co-founder of Westfield is Frank Lowy, an Australian -Israeli billionaire who is to shopping what Rupert Murdoch is to media.
- ^ a b Cashman, Greer Fay (8 August 2012). "The Australian connection". Jerusalem Post. Archived from the original on 11 September 2016.
Among the many Australian citizens who have homes in Israel as well as business interests in this country is billionaire Frank Lowy, one of the wealthiest people in Australia, who is often described in the media as an Australian-Israeli businessman even though he was born in Czechoslovakia.
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One of 750 passengers who after World War II left France on board the illegal immigrant ship Yagur, Lowy was caught en route by the British and deported to the detention camp in Cyprus.
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From Atlit Lowy eventually joined the Hagana and then the Golani Brigade, fighting during the War of Independence in the Galilee and in Gaza...
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- ^ a b Nethercote, Jane; Webb-Pullman, Marika (17 May 2006). "Forget the filthy rich: here's the Crikey philanthropy list". Crikey.com. Australian. Retrieved 29 July 2011.
- ^ "About the Lowy Institute". The Lowy Institute. Archived from the original on 24 December 2006. Retrieved 4 December 2006.
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- ^ "About the Lowy Gift". The Centre is named in recognition of leading businessman and philanthropist Frank Lowy and his family. UNSW Medicine. Retrieved 23 January 2014.
- ^ "Sir Frank Lowy Donates $18 Million to Tel Aviv University's International School". Jerusalem Post. 23 July 2023.
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- ^ "No. 61962". The London Gazette (Supplement). 17 June 2017. p. B2.
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External links
- Stitson, Roger (15 November 2010). "A Study Guide" (pdf). Family Confidential. Australia: ABC TV. pp. 3–5. Retrieved 31 January 2014.