Frank Lowy, AC (born 22 October 1930) is an Australian businessman. He is a co-founder of the Westfield Group, operator of over 100 shopping centres in Australia, New Zealand, the United States and the United Kingdom.
With an assessed net worth of AUD7.16 billion in 2014, Lowy is ranked as the fourth richest Australian according to the BRW magazine; Forbes Asia magazine assessed Lowy's net worth at USD4.6 billion in January 2014. In 2008 Lowy and related interests were mentioned in documents stolen from the LGT Bank of Liechtenstein by a former employee. A subsequent US Senate probe and an Australian Taxation Office audit in which Lowy and his sons, David and Steven, were investigated on their involvement with financial institutions in tax havens located in Liechtenstein and Switzerland. Lowy maintained he had not done anything wrong.
After turning 80 in October 2010, effective May 2011, Lowy officially stood down as Executive Chairman of the Westfield Group, taking on the role of Non-Executive Chairman. Sons, Steven and Peter, became joint chief executives.
Personal life
[Lowy.jpg|thumb|Lowy at the 2013 March of the Living in Auschwitz-Birkenau in front of the cattle car donated in memory of his father]
Lowy is married to Shirley. He has three sons, Peter and Steven, who manage 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. As a 13 year old Jewish boy, Lowy had never known about the loss of his father, Hugo Lowy, who was beaten to death at Auschwitz concentration camp while protecting Hugo's younger acquaintance, Myer Lowy.
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Scentre Management Ltd.
Investment ManagersFinance Scentre Management Ltd. operates as an investment advisory firm that engages in the ownership and improvement of shopping centers. The company is headquartered in Sydney, Australia. |
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The Lowy Institute For International Policy
The Lowy Institute For International Policy Miscellaneous Commercial ServicesCommercial Services The Lowy Institute for International Policy is a research organization based in Sydney, Australia. The company conducts polls and publish reports on Australian attitudes towards the world, including relations with major powers and the risk of conflict in the region. The Lowy Institute also tracks development projects through an interactive aid map. The private company has a team of experts and nonresident fellows who contribute to their research and analysis. The company is committed to promoting public opinion and informing policy decisions. The company was founded by Frank P. Lowy and focuses on aid and development, as well as research on topics such as diplomacy, defense, and security. |
Founder
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