Frank Lowy: his Net Worth, his House, Jet and his Ilona Yacht
MY Ilona | Specifications
82 m (269 ft)
16 in 8 cabins
28 in 14 cabins
REDMAN WHITELEY DIXON
Ilona Yacht Price:
US$ 100 million
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Frank Peter Lowy
Frank Lowy Net Worth:
US$ 6.5 billion
October 22, 1930
Steven Lowy, David Lowy, Peter Simon Lowy
Point Piper, Sydney, Australia
Gulfstream G650 (N720LF)
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The yacht had a refit in 2018 at Abeking & Rasmussen. Lowy’s yacht is named after his mother Ilona.
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.
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.
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-
In 2015 Frank announced that he would retire as Chairman from Scentre.
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-
In 2017 Frank Lowy AC was knighted by the Queen of England. For his services to business and philanthropy.
His net worth is estimated at US$ 6.5 billion. He ranks 4 on Australia’s rich list.
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.
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-
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.
The yacht is named after Frank’s mother Ilona Lowy.
The boat is not available for yacht charter. The yacht is not listed for sale.
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