Frank Lowy Net Worth (Updated 2026).

Frank Lowy, a name synonymous with retail innovation, began his career in an unlikely setting – a Hungarian displaced persons camp after World War II. Born in Czechoslovakia, Lowy’s family was forced to flee their home due to the Nazi invasion. After the war, Lowy found himself in a camp, where he started working at a young age, learning the basics of retail from an American soldier who ran a small canteen.

In 1955, Lowy, then in his early twenties, immigrated to Australia with just $50 in his pocket. He started his first business, a small chain of variety stores, with his brother and a friend. It was here that Lowy’s entrepreneurial spirit truly began to flourish. He saw an opportunity in the growing Australian market and decided to expand his business, leading to the birth of the now iconic Westfield Group.

**Frank Lowy’s Current Net Worth**

As of 2025, Frank Lowy’s current net worth is estimated to be around $4.5 billion, according to Forbes. This figure reflects his extensive business ventures and investments.

**Career**

Frank Lowy, an Australian businessman, co-founded the global retail conglomerate Westfield Corporation in 1959. He served as the company’s CEO until 2011 and remained as chairman until 2017. Under his leadership, Westfield grew into one of the world’s largest shopping center owners and developers.

**Other Ventures**

Lowy’s business portfolio extends beyond Westfield. He has invested in various industries, including sports. In 2008, he became a co-owner of the Los Angeles Football Club (LAFC), a Major League Soccer team. He also has interests in horse racing and real estate.

**Assets**

Frank Lowy’s assets include a significant stake in the Scentre Group, the largest shopping center owner in Australia and New Zealand. He also owns a substantial amount of property in the United States, including the iconic Century City shopping center in Los Angeles. His art collection, valued at over $500 million, is another notable asset.

**Annual Income**

Frank Lowy’s annual income is primarily derived from his investments and dividends from his business ventures. As of 2025, his estimated annual income is around $100 million.

Frequently Asked Questions about  Frank Lowy

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Frequently Asked Questions about Frank Lowy

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1. What is Frank Lowy’s net worth?

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Frank Lowy’s net worth is estimated to be around $6.8 billion.

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2. How did Frank Lowy make his fortune?

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Frank Lowy made his fortune primarily through his role as the co-founder and former chairman of the global shopping center giant, Westfield Corporation.

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3. When was Frank Lowy born?

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Frank Lowy was born on July 6, 1930.

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4. Where was Frank Lowy born?

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Frank Lowy was born in Budapest, Hungary.

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5. What is Frank Lowy’s nationality?

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Frank Lowy is an Australian citizen, although he was born in Hungary.

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6. What is Frank Lowy’s educational background?

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Frank Lowy completed his secondary education at the Gymnázium of the Piarist Order in Budapest. He did not pursue further formal education.

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7. When did Frank Lowy migrate to Australia?

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Frank Lowy migrated to Australia in 1952.

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8. What was Frank Lowy’s first job in Australia?

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Frank Lowy’s first job in Australia was as a door-to-door vacuum cleaner salesman.

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9. When did Frank Lowy found Westfield Corporation?

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Frank Lowy co-founded Westfield Corporation in 1959 with John Saunders.

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10. What are some of Frank Lowy’s philanthropic endeavors?

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Frank Lowy has been involved in various philanthropic endeavors, including the establishment of the Lowy Institute for International Policy and the Lowy Cancer Research Centre at the University of New South Wales.