⬅ # 445 Joe Mansueto|# 447 Agnete Kirk Thinggaard

# 446 Frank Lowy 


Real Time Net Worth
as of 6/24/2024
-$424 (-0.00%)

# 446 Frank Lowy 


Real Time Net Worth
as of 6/24/2024
-$424 (-0.00%)
OccupationCofounder, Westfield Group
Source of WealthInvestments
ResidenceTel Aviv, Israel
Marital StatusWidowed
Age-Adjusted Net Worth$692.63M
Frank Lowy
Frank Lowy
Net worth: $6.46B

Self-Made Score 

Wealth History

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Early Life

Frank Lowy, born on October 22, 1930, in Czechoslovakia (now Slovakia), survived the Holocaust, living in a ghetto in Hungary during World War II.
In 1946, he attempted to reach Mandatory Palestine but was detained by British authorities en route and interned in a Cyprus detention camp.
Lowy joined the Haganah and later the Golani Brigade, participating in the 1948 Arab–Israeli War.
In 1952, he reunited with his family in Australia, where they had moved after the war, and began a business delivering small goods.
Lowy met John Saunders in 1953, and they formed Westfield Development Corporation, starting with a shopping center in Sydney in 1959.
Over the years, they expanded their business to include shopping centers across Australia, the United States, New Zealand, and the United Kingdom.


Lowy served as a Director of the Reserve Bank of Australia from 1995 to 2005.
In the 1990s and 2000s, he expanded Westfield's operations into New Zealand and the United Kingdom.
Despite controversy and probes into his financial dealings, including offshore accounts, Lowy maintained his innocence and settled with tax authorities.
He transitioned from executive chairman to non-executive chairman of Westfield Group in 2011, with his sons taking on leadership roles.
Lowy chaired the Football Federation Australia (FFA) from 2003 to 2015, playing a pivotal role in reshaping Australian soccer.
He led a failed bid to bring the 2022 FIFA World Cup to Australia, amidst allegations of bribery and controversy surrounding the selection process.


Lowy established the Lowy Institute in 2003, a foreign affairs think tank, with a reported A$30 million donation.
He contributed to the Victor Chang Cardiac Research Institute and facilitated the construction of the UNSW Lowy Cancer Research Centre.
In 2022, Lowy donated $18 million to Tel Aviv University.
He was recognized as Australia's leading philanthropist in 2002 by Philanthropy Australia.
Lowy's philanthropic efforts extended to various social and cultural causes.

Soccer Administration

Lowy served as chairman of the Football Federation Australia (FFA) from 2003 to 2015.
He played a significant role in reviving soccer in Australia, overseeing the establishment of the A-League and the country's membership in the Asian Football Confederation.
Led a bid to host the 2022 FIFA World Cup in Australia, though ultimately unsuccessful.
Transitioned control of the FFA to his son Steven amidst controversy and criticism of nepotism.

Hakoah Club and NSL

In the 1980s, Lowy was president of the Hakoah Social Club, associated with the Hakoah Sydney City East FC.
He played a role in the National Soccer League (NSL) but withdrew Hakoah from competition in 1987.
Lowy later returned to soccer administration in the 2000s, leading significant reforms.

Personal Life

Frank Lowy married Shirley Rusanow in 1954 and had three sons: Peter, Steven, and David.
His wife was active in cancer research philanthropy through the Chai Foundation.
Lowy kept a secret about his father's death in Auschwitz until a television documentary in 2010 revealed the details.
In honor of his father and other Holocaust victims, Lowy commissioned the restoration of a railway wagon that transported Jews to Auschwitz.
Lowy moved to Israel in late 2018.
His wife, Shirley, passed away in December 2020 after battling dementia.

How long would it take you to become as rich as Frank Lowy?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Frank Lowy's net worth of $6.46B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Frank Lowy is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Frank Lowy, Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey