Frank Lowy Frank Lowy was born on 22 October 1930 in Filakovo in Czechoslovakia.When he was a young boy he lived in Budapest and France.In 1952, Lowy left Israel and joined his family, who had left Europe for Australia. He started a business delivering small goods.
He married a lady called Shirley. He had three sons, Peter and Steven. In 1953, he met fellow hungarian immigrant John Saunders. The pair became business partners, eventually creating Westfield Development Corporation through the development of a shopping centre at Blacktown in Sydney. Over the next 30 years, Lowy and Saunders developed shopping centres across Australia and the United States from 1977. They changed the name of the company to the Westfield Group.
Frank has appeared on the BRW Rich 200 list every year since it was first published in 1983. In 2010, the Bussiness Review Weekly measured Frank's wealth at A$5.04 billion, making him Australia's richest person at that time.
After turning 80 in October 2010, Frank stood down as Executive Chairman of the Westfield Group, taking on the role of Non-Executive Chairman.Frank Lowy now owns 119 shopping malls.
In April 2003 to mark the 50th anniversay of his arrival in Australia, Lowy established the Lowy Institute for International Policy.. It was reported that a gift of $30 million was made to establish the Institute. Lowy's gift has led to him being awarded the Woodrow Wilson Award for Corporate Citizenship in 2005 by the Woodrow Wilson International Center for Scholars.On 2 October 2007 Lowy received the Henni Friedlander Award for the Common Good at Bowdoin College in Maine, United States.
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