Sir Frank P. LowyAC (/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$29.3billion 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]
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$9.33billion 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$6.5billion 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 Security Studies, an independent think tank that studies key issues relating to Israel's national security and Middle East affairs.[17][18]
^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.
^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.