| Name: | Frank Lowy |
| Net Worth: | $5 billion |
| Source of Wealth: | Westfield Corporation |
| Born: | October 22, 1930 |
| Age: | |
| Country: | Australia |
| Wife: | Shirley Lowy |
| Children: | Steven Lowy, David Lowy, Peter Simon Lowy |
| Residence: | Point Piper, Sydney, Australia |
| Private Jet: | Gulfstream G650 (N720LF) |
| Yacht: | Ilona |
Frank Lowy, the visionary founder of the Westfield Corporation, is a towering figure in the development of shopping malls globally. Born in October 1930, Lowy’s life story is a testament to the power of tenacity and entrepreneurship. Sharing his life with his wife Shirley Lowy and their three children, Steven, David, and Peter Simon Lowy, he has secured his position as one of the wealthiest individuals in Australia.
Westfield Group began as an Australian shopping center company in 1960 and remained a dominant industry player until 2014. At this point, the company bifurcated into two independent entities.
Scentre Group took control of the Australian and New Zealand Westfield shopping center portfolio, while the Westfield Corporation maintained ownership of the American and European center portfolio.
In a remarkable business maneuver in 2018, the assets of Westfield Corporation were sold to Unibail Rodamco for a staggering US$ 33 billion, marking Lowy’s retirement as a non-executive chairman.
Scentre Group is a force to be reckoned with in the world of shopping center companies, particularly in Australia and New Zealand. It boasts ownership and operational control over 39 shopping centers in these regions, collectively valued at US$ 51 billion.
Attracting an annual visitor count of 530 million, these malls have firmly etched the Lowy legacy in the retail sector. Notably, Frank’s son Steven Lowy continues his father’s vision as a non-executive director in the Scentre Group. However, in 2015, Frank announced his decision to retire from his Chairman position in Scentre.
The Lowy family has a rich history of philanthropy. Through the Lowy Foundation and the Lowy Institute, they have demonstrated their commitment to social good. As of 2013, it was reported that the Lowy family had generously donated more than $350 million to various causes.
The Lowy Institute, in particular, stands as an Australian think tank with a global outlook, conducting policy-relevant research about international political, strategic, and economic issues from an Australian perspective.
Frank Lowy’s contributions to business and philanthropy were acknowledged in 2017 when he was knighted by the Queen of England.
In terms of wealth, Frank Lowy’s net worth is estimated to stand at an impressive $5 billion, securing him the 4th rank on Australia’s rich list. His fortune is a testament to his strategic business acumen and influential presence in the retail sector.
https://en.wikipedia.org/wiki/FrankLowy
https://www.forbes.com/profile/franklowy/
https://www.lowyinstitute.org/people/executive-
https://en.wikipedia.org/wiki/Westfield_Corporation
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Frank and his wife Shirley Lowy live in a large house in Point Piper near Sydney. The house has amazing views over the city of Sydney. In general houses in that area cost more than US$ 50 million.
Point Piper, located in Sydney’s eastern suburbs, is known as one of the most exclusive and affluent neighborhoods in all of Australia. This prestigious residential area, beautifully situated on the scenic Sydney Harbour, is home to just over 1,000 residents, including a notable collection of billionaires. Its grand mansions and sprawling estates, often with waterfront views and private boat docks, reflect the area’s extreme affluence. Despite its residential focus, Point Piper is conveniently located close to Sydney’s vibrant city center and popular beaches. The area’s quiet streets, stunning harbor views, and opulent residences make it an attractive and highly sought-after locale for Australia’s wealthiest individuals.
He is the owner of the Amels motor yacht Ilona, which was named after his mother.
The ILONA yacht, a symbol of nautical luxury, was built in 2004 at the renowned Amels shipyard.
The yacht’s impeccable design and interior are the work of REDMAN WHITELEY DIXON.
ILONA can comfortably accommodate 16 guests and a crew
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 Lowy, Steven Lowy, and David Lowy, 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. all (4) jets have the same livery. Lowy also owns an AgustaWestland AW109 helicopter (G-
The Gulfstream G650 is a luxurious, long-range business jet produced by Gulfstream Aerospace. The G650 was first introduced in 2008 and quickly became one of the most sought-after business jets in the world due to its impressive range, speed, and spacious cabin. The G650 has a maximum range of over 7,000 nautical miles, making it capable of flying non-stop from locations such as New York to Hong Kong.
One of the standout features of the G650 is its cabin, which is both spacious and luxurious. With a height of over 6 feet and a width of over 7 feet, the cabin offers ample space for passengers to work, relax, and entertain. The cabin also features a variety of customizable features, including seating arrangements, lighting, and entertainment systems.
In addition to its impressive range and cabin, the G650 is also known for its high cruising speeds. The aircraft is capable of reaching speeds of up to Mach 0.925, making it one of the fastest business jets on the market. This speed, combined with its range, allows the G650 to cover large distances quickly and efficiently.
The last known list price of the Gulfstream G650 was approximately $75 million. This high cost reflects the advanced technology, spacious cabin, and impressive performance capabilities of the aircraft. Despite its high price, the G650 remains a popular choice for those who value speed, range, and comfort in their business jets.
The Gulfstream G650 is a top-of-the-line business jet that offers impressive range, speed, and comfort. Its luxurious cabin and high-performance capabilities make it a popular choice for those who demand the best in their business aviation needs. With a last known list price of $75 million, the G650 is a significant investment, but for those who can afford it, the aircraft provides a unique and unparalleled flying experience.
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SuperYacht Owners Database 6-2023
