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Frank Lowy AC (born in 1930 in Fiľakovo (Hungarian: Fülek), Czechoslovakia) is a Jewish-Australian businessman . He is best known for his co-founding and continuing involvement with The Westfield Group, a retail giant that owns dozens of shopping centres in Australia, New Zealand, the United States and Great Britain.

Lowy migrated to Australia after World War II, starting out delivering small goods. In 1953 he met fellow immigrant John Saunders (born Jenö Schwarcz). The pair became business partners, eventually creating Westfield (Saunders left the company in 1987). Business Review Weekly measured Lowy's wealth in 2005 at $A4.8 billion, making him Australia's second richest person, behind the late Kerry Packer on A$6.9bn and ahead of Richard Pratt on A$4.7bn.

In May 2001, Westfield paid $US127 million for a 99-year lease on the retail area beneath the NY World Trade Centre. In September 2003 it was a party to a $US3 billion insurance claim following the terrorist attack on the twin towers.^[1] On February 18, 2006, the Los Angeles Times reported that Westfield, "the largest owner of shopping centres in California and the world", had agreed to acquire 15 stores from Federated Department Stores, all but three in southern California.^[2]

In 2003 Frank Lowy set up the Lowy Institute for International Policy, an international policy think tank devoted to foreign affairs.^[3]This has lead to Lowy being awarded the Woodrow Wilson Award for Corporate Citizenship in 2005.^[4]

Lowy has become involved with the newly created Football Federation Australia, which has replaced the now defunct Soccer Australia. Many observers credit him and John O'Neill, a former rugby union executive, with resurrecting football (soccer) in Australia. A well structured A-League is now in place, and the country has become a member of the Asian Football Confederation. In addition, Guus Hiddink was appointed as coach of the national team, with great success: Australia achieved their best result yet at the 2006 FIFA World Cup, firstly by qualifying (which they had not done since 1974) and then reaching the second round for the first time.

Lowy was a board member of the Reserve Bank of Australia and has been awarded a Companion of the Order of Australia.

1. ^ "Westfield wants out of World Trade Centre site", Sydney Morning Herald.
2. ^ Roger Vincent. "Deal to Open Up Shopping Malls", Los Angeles Times.
3. ^ About the Lowy Institute. Retrieved on 2006-12-04.
4. ^ AAP. "Howard gets award amid anti-US concern", The Age, 2005-08-21. Retrieved on 2006-12-04.

• "Frank Lowy gives himself a $1.3m pay rise", Sydney Morning Herald, 2004-09-24.
• BRW Rich 200. Business Review Weekly.

• Westfield Group
• Lowy Institute
• Football Federation Australia
• Australian Graduate School of Management
• Australian Jewish Times

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