Frank Lowy

Tycoons on the 2019 Forbes Australia Rich List saw mixed results as some fortunes rose and some fell. Mining mogul Gina Rinehart retains the top spot on the list with a net worth of US$14.8 billion.

Unibail Rodamco is buying Westfield to create a global shopping mall giant.

The deal brings together two of the world's biggest mall operators at a time when online shopping has put significant pressure on brick-and-mortar retailers.

SINGAPORE (November 2, 2017) – Mining mogul Gina Rinehart regained the No. 1 spot on the 2017 Forbes Australia Rich List after a near doubling of her wealth to US$16.6 billion since last year’s list. The complete list can be found here as well as in the latest issue of [...]

By James Dunn Spare a thought for Australian retailers. Already struggling with weak consumer sentiment, stagnant wage growth and higher energy bills--their own and their customers'--now they must deal with Amazon. The U.S. online retail behemoth announced in April that it was coming to Australia and bringing its full set of [...]

SINGAPORE (January 28, 2016) – Reclusive American heiress and longtime Australia resident, Blair Parry-Okeden, is the richest person in Australia with a net worth of US$8.8 billion, according to the 2016 Forbes Australia Rich List. She surpasses mining magnate Gina Rinehart who had held the pole position for five straight [...]

Gina Rinehart, center, stands for a photograph with Barry Fitzgerald, CEO of Hancock Prospecting's Roy Hill mine, left, and Sanjiv Manchanda, project manager of Roy Hill, during a tour of operations under construction on Nov. 20, 2014. (Bloomberg) It's never much fun arriving at a party when everyone else is leaving [...]

Asian interest in Australian property boost fortunes of real estate tycoons SINGAPORE (January 29, 2015) – Mining tycoon Gina Rinehart retains the top spot on the latest Forbes Australia Rich List. The richest person down under has a net worth of $11.7 billion. The complete list is available here as well [...]

Net worth of US$18 billion makes her Asia Pacific's richest woman Singapore, 2 February 2012 – Australian mining magnate Gina Rinehart is now the richest woman inthe Asia Pacific region with a net worth of $18 billion, topping the latest Forbes list of the wealthiest people in Australia, and she is [...]

A decade later, how the world, and Ground Zero, have changed.

Australian shopping mall billionaire Frank Lowy (worth with his family $4.4 billion on FORBES' latest billionaires list) has been hospitalized with a bile duct problem called cholangitis, according to a statement by his company, Westfield Group. Cholagitis is generally easily treatable, but if not caught quickly could require surgery, according to [...]

Billionaire's son pleads fifth in tax haven investigation.

Did Aussie billionaire Frank Lowy commit tax fraud?

The Australian retail property firm will construct the largest shopping complex in the U.K. capital, in attempt to redevelop a rundown area before the Summer Games of 2012.

Need to buy a steak and a suit? Australian billionaire Frank Lowy wants you to shop for both in his malls.

Need to buy a steak and a new black dress? Frank Lowy wants you to shop for both in his malls.