Sir Frank P. Lowy AC (/ˈloʊi/ LOH-ee; born 22 October 1930) is an Australian-Israeli[2][3] businessman of Jewish Slovak-Hungarian origins[4][5] and the former long-time chairman of Westfield Corporation, a global shopping centre company with US$29.3 billion of assets under management in the United States, United Kingdom and Europe.
[6] Lowy was the inaugural chairman of Scentre Group, the owner and manager of Westfield-branded shopping centres in Australia and New Zealand.
[10][11] Forbes Asia magazine assessed Lowy's net worth at US$6.5 billion in January 2019 and placed him fourth in its Australia's 50 Richest people.
[17][18] Lowy was born in Czechoslovakia[3] (in what is now Slovakia), and was forced to live in a ghetto in Hungary during World War II.
A subsequent US Senate probe and an Australian Taxation Office audit investigated Lowy and his sons, David and Steven, on their involvement with financial institutions in tax havens located in Liechtenstein and Switzerland.
[31] His wife was the founder of the Chai Foundation which is dedicated to finding and funding research into effective but less toxic forms of cancer therapy.
[34] In an Australian television production broadcast in 2010, called Family Confidential, it was revealed that Lowy had kept a secret about his survival in Nazi occupied Hungary.
In What Will Become of Us, a documentary screened at the 2019 Sydney Film Festival, Lowy spoke openly of the trauma of gradually losing his wife.
[38][39] In 2010, the BRW magazine measured Lowy's net worth at A$5.04 billion, making him Australia's richest person at that time.
In 1982 Lowy stood for a role in the Australian Soccer Federation board, but was defeated by a coalition headed by long term President Arthur George.
Lowy withdrew from Club Hakoah and the sport in general by 1988, not to return until the final demise of the NSL and Soccer Australia in 2004 after decades of mismanagement & poor decisions regarding television contracts.
In 2007 Lowy commenced a campaign to host the 2022 FIFA World Cup in Australia backed with A$43 million in support from the Australian Government.
The move was controversial and viewed as nepotism and questions over Steven's lack of experience in football governance were partly responsible for a significant power struggle at the highest levels.
Intervention by FIFA eventually resulted in a new governance model, the splitting away of the A-League competition from direct control of the FFA and large changes at the boardroom level.
[88] On 2 October 2007 Lowy received the Henni Friedlander Award for the Common Good at Bowdoin College in Brunswick, Maine, United States.