Few rags-to-riches stories are as compelling and inspiring as that of Sir Frank Lowy AC. Born into the chaos of early 20th-century Europe, Lowy's journey from a war-torn childhood to becoming one of the world's most influential businessmen is nothing short of remarkable. In this article, we will explore the life of Frank Lowy, delving into his early years, career highlights, financial success, and personal life. Sit back, relax, and let's unravel the incredible story of Frank Lowy.
Quick Info Table
| Full Name | Sir Frank P. Lowy AC |
|---|---|
| Popular As | Frank Lowy |
| Occupations | Businessman, Philanthropist |
| Age (as of 2024) | 93 |
| Date of Birth | October 22, 1930 |
| Birthplace | Slovakia |
| Nationality | Australian-Israeli |
| Ethnicity | Jewish |
| Religion | Judaism |
| Horoscope | Libra |
| Height | 5'7" (170 cm) |
| Weight | 154 lbs (70 kg) |
| net worth (2025) | $6.5 billion |
| Parents | Hugo Lowy (Father) |
| Spouse | Shirley Rusanow (deceased) |
| Children | David, Steven, Peter |
Early Life
Frank Lowy's early life was marked by hardship and resilience. Born in Slovakia in 1930, he lived through the horrors of World War II and the Holocaust. His father, Hugo Lowy, was taken by the Nazis and never returned. This traumatic experience profoundly influenced Frank's outlook on life and instilled in him a drive to succeed against all odds.
Childhood and War
Growing up during World War II, Frank Lowy faced unimaginable challenges. As a young Jewish boy in Czechoslovakia, he and his family constantly moved to evade Nazi persecution. This period of instability and fear left a lasting impact on Lowy, shaping his future ambitions.
Emigration to Mandatory Palestine
In 1946, Lowy and his family emigrated to Mandatory Palestine (now Israel), seeking a fresh start. Here, Lowy joined the Haganah, a Jewish paramilitary organization, and fought in the 1948 Arab-Israeli War. This experience honed his leadership skills and solidified his commitment to the Jewish community.
Career Highlights
Frank Lowy's career is a testament to his entrepreneurial spirit and unwavering determination. From humble beginnings, he built a global empire that revolutionized the retail industry.
Founding Westfield Corporation
In 1952, Lowy moved to Australia, where he met fellow immigrant John Saunders. Together, they founded Westfield Development Corporation in 1959, starting with a small shopping center in Sydney. The company's innovative approach to retail and strategic acquisitions led to rapid expansion, both in Australia and internationally.
Global Expansion
Under Lowy's leadership, Westfield Corporation grew into a global powerhouse, with shopping centers in the United States, United Kingdom, and New Zealand. The company's success was driven by Lowy's keen business acumen and ability to anticipate market trends.
Philanthropy and the Lowy Institute
In addition to his business ventures, Lowy has been deeply involved in philanthropy. In 2003, he founded the Lowy Institute, a leading foreign affairs think tank in Australia. The institute aims to foster informed debate on international policy issues and has become a significant voice in global affairs.
Net Worth
Frank Lowy's net worth is a figure that truly reflects his business prowess. As of 2024, his net worth stands at an impressive $6.5 billion. This wealth primarily derives from his stake in Westfield Corporation, which was acquired by Unibail-Rodamco in 2018 for $15.7 billion.
Financial Milestones
- 2010: Recognized as the richest person in Australia, with a net worth of $5 billion.
- 2018: The sale of Westfield Corporation significantly boosted his wealth, adding billions to his net worth.
- 2024: With investments in various sectors, including real estate and philanthropy, Lowy's net worth remains robust at $6.5 billion.
Investments and Assets
Lowy's investment portfolio is diverse, encompassing real estate, stocks, and philanthropic endeavors. His contributions, particularly through the Lowy Institute and other charitable organizations, underscore his commitment to giving back to society.
Personal Life
Frank Lowy's personal life is as rich and diverse as his professional journey. From his family to his interests, there is much to explore.
Family and Relationships
Frank Lowy married Shirley Rusanow in 1954, and together they had three children: David, Steven, and Peter. Shirley was a pillar of support for Frank throughout his career, and her passing in 2020 was a significant loss for the family. Today, Lowy remains close to his children, who have followed in his entrepreneurial footsteps.
Frank Lowy's Age and Physical Attributes
At 93 years old, Frank Lowy continues to defy the limits of age. Standing at 5'7" (170 cm) and weighing around 154 lbs (70 kg), Lowy maintains a healthy lifestyle. While specific body measurements are not publicly disclosed, it's clear that he prioritizes his well-being.
Interests and Hobbies
Beyond business, Lowy has a passion for soccer. He served as the chairman of Football Federation Australia (FFA) from 2003 to 2015 and played a pivotal role in establishing the A-League, Australia's professional soccer league. His love for the sport is evident in his continued support for soccer initiatives in Australia.
Trivia and Interesting Facts
- Holocaust Survivor: Frank Lowy's early life as a Holocaust survivor has profoundly influenced his philanthropic efforts, particularly in supporting Holocaust remembrance and education.
- Knighted in 2017: In recognition of his contributions to business and philanthropy, Lowy was knighted in the 2017 Queen's Birthday Honours.
- Lowy Institute: The Lowy Institute, founded in 2003, is one of the most influential think tanks in the Asia-Pacific region, focusing on international policy and global affairs.
Conclusion
Frank Lowy's life is a remarkable journey of resilience, ambition, and success. From surviving the horrors of the Holocaust to building a global business empire, Lowy's story is a testament to the power of determination and hard work. His impact extends far beyond the world of business, with his philanthropic contributions and commitment to community service leaving an indelible mark on society.
What can we take away from Frank Lowy's story? Perhaps it's a reminder that no matter the obstacles we face, with perseverance and vision, we can achieve extraordinary things. What's next for Frank Lowy? Only time will tell, but one thing is certain: his legacy will continue to inspire generations to come. 🌍✨
