Frank Lowy
Next on our list is billionaire Frank Lowy .
Source of Wealth – Shopping malls
Net Worth: $4.6 Billion
Frank Lowy is the co-founder of the Westfield Group, an Australian shopping centre, with over 100 shopping centres in U.K, New Zealand, U.S.A. and Australia.
He was born in Filakovo, SLovakia on October 22 1930 and lived in Hungary during the World War II.
In 1959, Frank Lowy opened his first mall in Sydney and in 1962 he started a Sydney delicatessen. Frank Lowy first expanded into property development and later into malls.
Being a passionate soccer supporter, he is also the chairman of the Football Federation of Australia.
