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Frank Lowy: his Net Worth, his House, Jet and his Ilona Yacht

MY Ilona | Specifications

Boat Name:


Yacht Length:

82 m (269 ft)


16 in 8 cabins


28 in 14 cabins








19 knots




1,836 ton



Ilona Yacht Price:

US$ 100 million

Ilona Yacht For Sale:

Contact a Sales Broker

Ilona Yacht Charter:

Contact a Charter Broker

Frank Lowy

Full Name:

Frank Peter Lowy



Frank Lowy Net Worth:

US$ 6.5 billion


Westfield Corporation


October 22, 1930


Shirley Lowy


Steven Lowy, David Lowy, Peter Simon Lowy


Point Piper, Sydney, Australia

Private Jet:

Gulfstream G650 (N720LF)

Our Super Yacht Owners Database: more than 1,050 Yachts and Yacht Owners.

The yacht had a refit in 2018 at Abeking & Rasmussen. Lowy’s yacht is named after his mother Ilona.

Frank LowyWho is Frank Lowy?

Lowy is the founder of Westfield Corporation, active as developer of shopping malls. He was born in October 1930. He is married to Shirley Lowy and has 3 children: Steven, David and Peter Simon Lowy. He is one of the richest man in Australia.

What is Westfield Corporation?

Westfield Group was an Australian shopping centre company that existed from 1960 to 2014. When it split into two independent companies.  

Scentre Group, which now owns and operates the Australian and New Zealand Westfield shopping centre portfolio. And Westfield Corporation, which owns and operates the American and European center portfolio.

In 2018 the assets of Westfield Corporation were sold to Unibail Rodamco for US$ 33 billion. Lowy retired as non executive chairman.

Who Owns the Scentre Group?

Scentre Group is one of the world’s leading shopping centre compan. It is active in Australia and New Zealand.

Scentre Group owns and operates the a large portfolio of 39 shopping centres in Australia and New Zealand. The shopping centers are valued at US$ 51 billion.

Each year 530 million shoppers visit these malls. Frank ‘s son Steven Lowy is a non-executive director.

In 2015 Frank announced that he would retire as Chairman from Scentre.

What Does He Do For Philanthropy?

Lowy and his family are active philanthropists. Through their Lowy Foundation and Lowy Institute.

In 2013 is was disclosed that the Lowy family had donated more than US$ 350 million to good causes. The Lowy Institute is an Australian think tank with a global outlook.

The institute is active in policy-relevant research about international political, strategic and economic issues from an Australian perspective.

In 2017 Frank Lowy AC was knighted by the Queen of England. For his services to business and philanthropy.

How Much is Frank Lowy Worth?

His net worth is estimated at US$ 6.5 billion. He ranks 4 on Australia’s rich list.

Where does Lowy live?

Frank and his wife Shirley Lowy live in a large house in Point Piper near Sydney. The house has amazing views over the city of Sidney. In general houses in that area cost more than US$ 50 million.

Does He Own a Private Jet?

Lowy owns a Gulfstream G650 private jet. The jet has registration N720LF.

The jet was built in 2016 and has a list price of US$ 75 million. His three sons: Peter, Steven and David, each own a Gulfstream G550: The N360WF, the N613WF and the N818LF.

WF will no doubt refer to WestField. And LF either Lowy Family, Lowy Flight or Lowy Frank. Lowy also owns a AgustaWestland AW109 helicopter (G-CHFD. The helicopter is based on the yacht Ilona.

M/Y Ilona Yacht

Ilona was built in 2004 at Amels. The yacht is designed by REDMAN WHITELEY DIXON. He is also responsible for her interior. Ilona can accommodate 16 guests and a crew of 28.

She is powered by two Caterpillar engines. Which bring her a top speed in of 19 knots. In 2016 she was sent back to Amels for a refit. The (enclosed) helicopter hangar was turned in to a swimming pool. And a helipad was added.

In 2018 she was sent for another refit, this time at Abeking & Rasmussen. She was lengthened to 82 meters. A new forward helicopter landing deck was added and her stern was changed into an open swim platform.

Whom is the Yacht Named after?

The yacht is named after Frank’s mother Ilona Lowy.

Is She Available for Yacht Charter?

The boat is not available for yacht charter. The yacht is not listed for sale.

Frank Lowy WIKI

Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth and net worth.

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yacht Ilona - Frank Lowy

Inside the Yacht.

Follow the location of the luxury yacht live.

Frank Lowy House.

Private Jet.

(Photo by KB).

yacht ilona

The amazing 82 meter yacht and her Agusta Westland helicopter.

ilona yacht

The US$ 100 million yacht was built at Amels in 2009. Photo by Tom Gulbrandsen).

Frank Lowy yacht

The yacht after the 2016 refit at Amels. Her helicopter hangar on the aft deck was changed into a swimming pool.

Ilona 2016 refitAmels Ilona

Another great photo by Tom Gulbrandsen. Taken after the 2016 refit.

yacht ilona interior

The yacht’s observation lounge.

inside yacht ilona

The yacht’s interior is designed by Redman Whitely Dixon.

inside frank lowy yacht

The owners bath room on board Ilona.

Frank Lowy House

Frank and his wife Shirley live in this amazing house near Sidney.

Frank Lowy residenceN720LF Frank Lowy private jet

The Gulfstream G650 private jet (N720LF).

N818LF - Frank Lowy G550

One of the 3 Gulfstream G550’s owned by the sons of Frank.

Watch This Amazing Video!

Frank Lowy Australian billionaire October 22, 1930 Westfield Corporation The Lowy Institute US$ 6.5 billion Shirley Lowy Steven Lowy, David Lowy, Peter Simon Lowy
Point Piper, Sydney, Australia
yacht Ilona Built by Amels, value US$ 80 million
Gulfstream G650 private jet N720LF