[18], Awarded the title of Australias leading philanthropist by peak body, Philanthropy Australia, with donations in 2002 of A$10 million,[19] the same year Lowy was reported to have answered a call by Australia's Prime Minister to donate his annual salary of approximately A$11 million to charity. Massimo Marinelli Over the next 30 years, Lowy and Saunders developed shopping centres across Australia and the United States (from 1977); changing the name of the company to the Westfield Group and listing the company on the Australian Stock Exchange in 1960. This private business suits our capital, our cash requirements and our temperament.. Hitler didnt discriminate between Orthodox and secular Jews. You know, its a continuous part of my life. Here the shouting has a higher pitch. Although hes with friends and family, there is a hole in his heart. April Glover For Daily Mail Australia. Some of my grandchildren are involved too, alone or in partnerships with their cousins. I lived in very, very poor circumstances, but I was okay. For this we fought? By 2000, Westfield was operating across Britain. Chef, banker and dentist among the top 20 hardest jobs to fill in Australia - so is YOUR occupation number one? When Peter told him, the man turned pale and froze. Frank Lowy founded Westfield Corporation, a global shopping center empire that has approximately $30 billion in assets under management. In 2006, when he got the Socceroos to the FIFA World Cup for the first time in 32 years, the country exploded. Levy left with the lifesaving documents: He, his mother, his two brothers and sister survived. And there was a bit of a family gathering [and worries] of What are we going to do now? We knew that it was going to be harder than it was before. At least once a month, his eldest son, David, flies from New York to Israel to spend a week with his father. I left because I was here on my own and my family, my mother particularly they immigrated to Australia, and I was here with my brother. He is a local icon who has sponsored Australian sports ventures in general, and soccer in particular. 'The loss of my father marked my life. The effect on me, I carry it all my life. He and fellow European emigre John Saunders had started out as partners in a delicatessen in 1955. Sir Frank Lowy AC founded the Lowy Institute in 2003. He is a co-founder of the Westfield Group, operator of over 100 shopping centres in Australia, New Zealand, the United States and Great Britain. [31] When the shop closed, the mother and father and two kids, a boy and a girl, went home in the car; they were a family unit. Shirley passed away last year. His wife Shirley became ill years ago; for the past five years her mental state has deteriorated and Lowy is caring for her in their home. The next morning, I was told that Father had gone to the railway station to see if the trains were traveling. 'In a way, in all my sadness, I felt very proud: that my father was able to make such a sacrifice of his life for his principles'. Lowy also sold the last of his shares in Sydney FC at that time. But a short time later everything changed: Then a big change came to our life with the United Nations declaration [of the establishment of Israel, in May 1948]. By 2010, its flags were flying on another mega-mall at the entrance to Londons Olympic site. Ill take half, he said. World War II had just ended, his fathers fate was still unknown, but the rest of the family was able to reunite. We were hungry for new ideas. Their partnership lasted about 30 years and for the next 30, Lowy was at the helm of Westfield, which at one point on some metrics became the largest retail property group in the world. Reporting on Westfields upcoming float, on April 14, 1960, The Australian Financial Review noted its Blacktown shopping centre, in western Sydney, was one of the first of its kind in Australia. (ABC News) Mr Lowy arrived in Australia at age 21 with his brother after escaping persecution in Europe during World War II and fleeing as a self-described "boat person" to Palestine. A long time supporter of Association football in Australia, Lowy was Chairman of the Football Federation Australia (FFA) from 2003 to November 2015. Son of Hugo Lwy and Ilona Lwy In 1953, he met fellow Hungarian immigrant John Saunders. Lowy has established medical research centers, an independent think tank on foreign affairs and, with his wife, a foundation serving the Jewish community. [9][10] After turning 80 in October 2010, effective May 2011, Lowy officially stood down as Executive Chairman of the Westfield Group, taking on the role of Non-Executive Chairman. Children David was born in 1954 and is like father a businessman and has an interest in aviation and music. In 2007 Lowy commenced a campaign to host the 2022 FIFA World Cup in Australia backed with a $46 million support from the Australian Government. Sir Frank Lowy AC founded the Lowy Institute in 2003. The following year, they established the Westfield Building Company and four years later, floated it. In 2018, he and Shirley moved to Israel. Lowy was born in Filakovo (now Slokavia) in 1930. In it Margo describes the inspiring story of the rise and rise of Lowy, but also the chapter in his life before Australia his "other" history. Lowy completed his term-limited period of leading the FFA, then handed over power to his son Steven. We saw the Germans marching up and down the street'. His new wife is a product designer at Facebook. His older brother remained imprisoned for another two years until he was freed. [24] In 2010, Lowy and his family gifted A$10 million to facilitate the construction of the UNSW Lowy Cancer Research Centre, a collaborative centre of the Childrens Cancer Institute Australia and the Faculty of Medicine at the University of New South Wales. At the time, he continues, the family was living in an apartment. Although he has no known major business investments in Israel, Lowy who, during an election campaign in Australia in the 1980s, announced that he would not vote for his own party, the Labour Party, because one of its politicians had met with Yasser Arafat and declared his support for the PLO is known for one main funding activity: He contributes generously to and is a member of the board of directors for the Institute for National Security Policy at Tel Aviv University. Australian shopping giant Westfield was taken over by a European corporation in a deal worth $32.8 billion in December. We dont want to sit on our laurels, and we dont want lazy capital. Lowy at the Australian Football Awards in October 2011, Learn how and when to remove this template message, Institute for National Securities Studies, Woodrow Wilson Award for Corporate Citizenship, Woodrow Wilson International Center for Scholars, "Birthday Honours 2017: notes on the Foreign Secretary's overseas list", "War and shopping the extremism that never speaks its name", "Sir Frank Lowy: The penniless migrant who built the Westfield empire", "How Westfield's Frank Lowy consummated Australia's biggest M&A deal", "Frank Lowy to retire as chairman of Scentre Group", "The 200 richest people in Australia revealed", "Frank Lowy tops BRW rich list for first time", "Lowy leaves mining magnates in the dust", "The think tanks shaping Australia The Lowy Institute,", "The Lowy Institute's dangerous nuclear propaganda,", "The quiet benefactor: Lowy's close ties with Israel", "Frank Lowy: From Hagana to $3.8 billion magnate", "Past & Present Reserve Bank Board Members", "Death and taxes: how Frank Lowy faced off one and settled the other", "US ran two investigations into Lowys' bank links", "Frank Lowy hands Westfield reins to sons", "Frank Lowy steps down as Scentre Group chairman", "Chai Foundation and JewishCare sign historical agreement", "Seeking impact, Jewish funders convene in L.A.", "Frank Lowy recalls father's demise in March of the Living address", "Westfield cofounder Frank Lowy at home in Israel", "Shirley Lowy, the woman behind Westfield, dies in Israel", "The true heart of Westfield: Shirley Lowy dies aged 86", "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth", "Australia and New Zealand's 40 Richest: Frank Lowy", "Australia and New Zealand's 40 Richest: The List", "Rich 200 get richer: Our top 10 billionaires enjoy a year to remember", "2017 Australia's 50 Richest People: Frank Lowy", "2018 AFR Rich List: Who are Australia's richest people? Brother of Sanyi Lowy; Edith Weiner and John Lowy, Frank Lowy, AC (born 22 October 1930) is an Australian-Israeli businessman. The film, What Will Become of Us, had its Israeli debut a few weeks ago at the DocAviv International Documentary Film Festival in Tel Aviv, and it will soon be broadcast on Hot's Channel 8. On this Wikipedia the language links are at the top of the page across from the article title. In 1942, as the atmosphere worsened and anti-Semitism began to poison their lives, Lowys parents decided to leave town. I finally found out what happened to him. The secret is continuity. Kate Darvall
I left in late 1947, to find work in Haifa. In 1960 Sir Frank Lowy co-founded the Westfield Group which the Lowy Family managed and built into one of the world's leading shopping centre companies with assets under management of c.$64b in 2014, when it was split into Scentre Group (Westfield branded shopping centres in Australia and New Zealand) and Westfield Corporation (iconic . The Lowy family are long-time supporters of Association football in Australia, with Peter's father Frank Lowy and brother Steven acting as Chairman of the Football Federation Australia (FFA) from 2003 to November 2015 and 2015 to 2018. [12], Lowy is the founder of the Lowy Institute, Australia's leading foreign affairs think tank,[13][14] which has alternatively been described as "neoliberal",[15] "centre-right" leaning[13] or "reactionary". The racial laws had forced his mother to accept a non-Jewish business partner in her store, there were financial and other problems, and life had become a violent nightmare for the family. [4] [5] In 2010, Lowy was ranked No. Dec. 19, 2017 9:00 am ET. I dreamed about him many, many times. Leading property coverage delivered to. In 2010, he topped the Financial Review Rich List and this year ranked ninth, with his wealth estimated at $8.51 billion. Scentre, which is not in a trading halt, closed up 4.1 per cent at $4.35. He revolutionised an industry, took his business to the world and sold it for $32 billion. He would leave home on Monday and return on Friday, to the synagogue and the singing of the Sabbath-eve Lekha Dodi hymn. He was present at many of the important junctures in the history of the 20th century. At the time they were hiding under fake identities, but to survive they had to obtain certain documents and this was virtually impossible. Shirley Lowy, 86, was surrounded by family, including her husband and their sons, in Tel Aviv, Israel . They had three sons together, David, Peter and Steven. [25][26][27][28], After turning 80 in October 2010, Lowy officially stood down as Executive Chairman of the Westfield Group effective May 2011, taking on the role of non-executive chairman. It was on the platform in Auschwitz, in front of the tracks. Why are Jews doing this? [12], In an Australian television production broadcast in 2010, called Family Confidential, it was revealed that Lowy had kept a secret about his survival in Nazioccupied Hungary. There were hardly any restaurants. Today we have a country of millions and then it was just a few hundred thousand, with migrants from all over the world, but we have things today that we didnt have then; there are rich and poor, and there is prosperity. Lowy and Olmerts names were also connected in less happy circumstances: during the investigation opened in 2007 by the Israel Police's national fraud squad, on suspicions that while he was finance minister, Olmert tried to influence the tender for the sale of Bank Leumi to help Lowy win the bid. The influx of European immigrants was changing this dynamic and as the country broadened its outlook, so did I.. The couple returned to Sydney at the weekend from their San Francisco home, where they both boast successful careers. About a decade later and six years after he transferred the management of his business to his sons, Steven and Peter Westfield was sold to a French company for $16 billion. It was the seventh shopping centre built by the company in its first five years of operation. That passion is evident only in connection with one other thing in Lowy's life his family, he says now, adding that he has always preferred to see his sons by his side as managers and heirs. Never forget it. 'I remember that day. How did you feel when you heard this story? His priorities have changed. It is now more than two years since he pulled off one last big corporate deal after a lifetime among the . [25][26], In 2008 Lowy was honoured by Australia Post for his contribution to philanthropy as one of the nation's five leading, living philanthropists with a commemorative postage stamp that was released on the eve of Australia Day as part of the Australian Legends series.[27]. And the system there is a two-party system and the government changes from time to time. He saw the rise of the Nazis with his own eyes, immigrated to Palestine and played a part in the founding of Israel, went from being a penniless immigrant to a billionaire in Australia, and was one of the owners of Manhattan's World Trade Center that was destroyed in the 9/11 terrorist attacks which he later helped to rebuild. Some 250 Jews lived in the town, all of them religious. They were sent to fight in Tiberias; Lowy was wounded but returned to the battlefield after a few days with a bandage on his head. Frank P. Lowy[1] (1930-10-22) 22 October 1930(age 92) Fiakovo, Czechoslovakia(now Slovakia) Nationality Australian Known for Co-founder, Westfield Board member of Westfield Corporation(1960-2011) Lowy Institute Spouse(s) Shirley, Lady Lowy OAM (neRusanow) (m. 1954; died 2020) Children 3; including Steven Lowy Finally, I had private wealth, he says. Before they moved into their house, Shirley had found and carefully replanted a 300-year-old olive tree to shade the front door. Brisbane gets its first fully airconditioned shopping centre. I didnt know how I am to commemorate him. It's high on my agenda and I am taking a large philanthropic role in this topic. I lived in very, very poor circumstances, but I was okay'. [85], He was knighted in the 2017 Queen's Birthday Honours (UK) for services to business and philanthropy.[86][87]. He visited Israel frequently for decades and then, about two years ago, after Lowy sold off most of his business interests, he made aliyah. In late 1944, some eight months after the Nazis marched through the streets of Budapest, an idea began to flicker in the mind of 13-year-old Pinhas Levy. Nic Walker. Such was the countrys acceptance of European entrepreneurship that Lowy was not yet 30 when Westfield floated. In 1952, Lowy left Israel and joined his family, who had left Europe for Australia and started a business delivering small goods. And we decided to join the family after being here six years.. It was a big, big city, a million people. It wasnt intended nor apparent at the time, but the firstborn had begun building the bridge that would eventually take his father and brothers into new territory as private investors. Save. There are those in Israel who would say that your opinion on the Palestinians is un-Zionistic and would send you back to Australia. The way to rescue his family from the Germans and the terrible fate awaiting them, he realized, involved deception. This way, the equity is well used. "On the first floor, there was a window just similar to this, just the window. 1 on the BRW Rich 200 list and in 2013 was ranked second.[3]. Frank Lowy (second from left) in a pre-war family photo with his father . Today, it seems to be the only private residential property on Hayarkon Street that has an unobstructed view of and access to the sea. However, he was caught on route by the British authorities and interned in a detention camp in Cyprus. [10][11] In 2016 his net worth was assessed as A$8.26billion on the BRW Rich 200 list;[41] and the same net worth the following year when the list was renamed as the Financial Review Rich List.[42]. As his eyesight has weakened, he prefers that his secretary read him his emails. The loss of my father marked my life. Hes interested in this because its 10 years since he underwent a radical operation for bile duct cancer, which, untreated, would have led to pancreatic cancer. I mean, Im getting on with life. We are no longer accepting comments on this article. After devoting more than 60 years to building it into one of the largest retail property development companies in the world, when he sold it in late 2017, he signed away his obsession. [24] In 2008 Lowy and related interests were mentioned in documents stolen from the LGT Bank of Liechtenstein by a former employee. By comparison, his affairs with his original partner, Saunders, ended on a very bitter note. The bespoke suits, tailor-made shirts and Herms ties have given way to T-shirts and sports shoes. . But of course when I say it, it's from one side of the political spectrum, and they will say the same from the other side.". He has five chairmanships, all of which are conducted via Zoom, except for the two in Israel. Prior to the founding of LFG, Mr. Lowy served in various positions for the Westfield Group from 1977 to 2000 including as Executive Director and Managing Director. It was a Sunday afternoon, March 19. Then, as Frank Lowy tells us now, the man told Peter that he had been on the train to Auschwitz with his grandfather. He established the INSS in 2006 using experience hed gained in 2003 while establishing a Sydney think tank, the Lowy Institute. [70] In 2010, amid allegations of bribery, politics, and back-scratching,[71][72][73] FIFA awarded Qatar the rights to host the World Cup. The blame there is on bad policy or on poor economic performance, or on certain aspects of life. Frank Lowy's biography is fascinating, like that of a sort of Jewish Forrest Gump. How will I feel? [35][36], Lowy moved to Israel at the end of 2018. Sons, Steven and Peter, became joint chief executives. David Hillel Lowy AM (born 31 December 1954) is an Australian businessman, aviator and musician. He is a co-founder of the Westfield Group, operator of over 100 shopping centres in Australia, New Zealand, the United States and Great Britain. Four or five days later a man in uniform knocked on the door and brought a letter from his father. His first sense of it was in 1998, when he sold down 30 per cent of the familys interest in Westfield, realising almost half a billion. David Lowy is a Principal of LFG, the private investment business and family office of the Lowy Family Group. As her memories fade," her husband says, "I look into myself., 'When I came here, it was freedom. I wanted to build a family very strongly because I lost my family when I was 15, 14, and I missed the family unit very much," he explains. Sir Frank is a principal of the group, along with his three sons, David, Peter and Steven. So they looked to other markets. People were dancing in the street; everybody was happy. I was about 17 then. Unexpectedly, part of his working week is also spent on the periphery of science, through the Lowy Medical Research Institute. A short man, wearing a carefully zipped-up black sweat suit, a person who clearly worries about nutrition and keeping in shape, he switches between Hebrew and English and it seems that a half smile is always playing around his mouth to soften recollections of the harsh moments. The interior was described as a fantasy of architectural design and artistry. [13] In September 2008, it was announced the Lowy was appointed to the FIFA board. Economic and political stability is the best defense against threats. Frank and Shirley Lowy in 1963. "We lived a very modest life," Lowy recalls. Run under the banner of the Lowy Family Group (LFG), the investment business has its headquarters in New York and an administrative office in Sydney. But in 2010, he split it and then, in 2013, announced he would progress that split, creating two distinct businesses. At 21, he decided to join the surviving members of his family who had migrated to Sydney and arrived urgently in need of a job to pay back the money borrowed for his airfare. Frank Lowy: I have seniority in LFG [Lowy Family Group] but I use it extremely rarely and with great care. In his biography, one of his lawyers describes this centrality well: Lowy is a person, he said, who never, not even during a 14-hour trans-Atlantic flight, spoke about women, theater or entertainment and at the end of the flight he would hurry to his hotel room to work. Not long afterward, at a Hanukkah party, he met Shirley; they married within a short time and 10 months later their oldest son David was born. According to local media, the phrase going to Westfield has become a synonym for going shopping.. Lowy married Shirley Rusanow in 1954, having met at a Jewish dance when he was 21. [32] His son Peter, is chairman of Tribe Media Corp, the parent of the Jewish Journal[33] and served as chairman of the University of Judaism. [30], Lowy married Shirley Rusanow in 1954, having met at a Jewish dance when he was 21. I mean, it was an unbelievable experience. Sir Lowy will retire as chairman of Westfield but will chair the advisory board of the new company, while his sons will remain in leadership roles. One morning, when he went to collect the newspaper from the reception desk at his hotel and gave his name a stranger came up to him. He co-founded global shopping centre company Westfield in 1960 and served as its Executive Chairman for 50 years and then as non-executive Chairman between 2011 and 2018 when the company was acquired by Unibail-Rodamco. Wearing the unmistakable outfit he made his way into the embassy, and when he said he had an important message to deliver the ambassador himself received him in his office. Disciplines of a lifetime wont allow him to linger in bed and an ambition to remain relevant drives him to get up early. COVID-19 completely ruled out last year, and he was hoping for this year but was deterred by quarantine. Indirectly, that is what led to his personal story being revealed to the world. It was a lengthy negotiation, but the wagon is there now.. [37] Lady Lowy died in Tel Aviv in December 2020, after a long battle with dementia. [83] On 2 October 2007 Lowy received the Henni Friedlander Award for the Common Good at Bowdoin College in Brunswick, Maine, United States. [31] In April 2013, Lowy attended the March of the Living, where he shared the story of how his father perished during the Holocaust, with thousands of young students from around the world who had gathered in Auschwitz-Birkenau to observe Holocaust Remembrance Day. She is survived by Sir Frank, David, Peter, Steven, Margo and Judy Lowy, 11 grandchildren, their partners and seven great-grandchildren. He envisioned a place where his entire family - three sons, 11 grandchildren and six great-grandchildren - could stay together in Israel. It was just after my bar mitzvah and it was so tragic'. Geni requires JavaScript! [20] Lowy joined the Haganah, and then the Golani Brigade, and fought in the 1948 ArabIsraeli War in the Galilee and Gaza. Now Lowy is here in Tel Aviv, drinking tea and eating a cookie, and trying fight off a bothersome cold. In a private memoir, she recalled him having a mischievous look coupled with a seriousness she had not seen before. At the same time, she also described family dramas and conflicts that arose when the sons and their wives felt too much intrusion into their own lives. The local press has been particularly excited by his multi-deck yacht, Ilona, one of the largest and most luxurious in the world, which from time to time has anchored in Israeli territorial waters, and on which Lowy has hosted dignitaries including former Prime Minister Ehud Olmert. At 25, when he and Saunders began their building company, they were on the heels of other Europeans, particularly Albert Scheinberg and Ervin Graf, who founded Stockland. When possible, Peter comes from Los Angeles and Steven from Sydney. But now, he rarely thinks of Westfield, his former obsession. "I would like to see an agreement with the Palestinians and a separation from them, and I feel closer to the parties that propose this. We provided it. Shirleys illness is also the official excuse for making the documentary that recreated his life.
The Swiss Embassy issued such documents but masses of people swarmed the gates there and precious few managed to enter. When it split into two independent companies. Lady Lowy is survived by Sir Frank, David, Peter, Steven, Margo and Judy Lowy, their 11 grandchildren, their partners and seven great grandchildren. Lowy: When I came here, it was freedom. His mother had a small shop there. So, the foreigners that came changed the country', In Haifa, he was a construction worker and a plumber. Although, there is some pressure for Lowy to step aside as Chairman of the FFA when his term expires in October 2011. If shes not there, he reads them himself, slowly. For this we established a State of Israel. But then [I thought]: I havent been to Auschwitz. [82] The establishment of the Lowy Institute led him to being awarded the Woodrow Wilson Award for Corporate Citizenship in 2005 by the Woodrow Wilson International Center for Scholars. In 2010, amid allegations of bribery, politics, and back-scratching,[14][15][16] FIFA awarded Qatar the rights to host the World Cup. One tumultuous fact about their relationship remains that, it wasn't until 1980's that Frank told his wife about his hard past and the holocaust and the killings. Its direct reward for effort. When Saunders wanted to sell his share in Westfield to Lowy after decades of partnership, Lowy agreed to Saunders price but their relationship went south. Where others saw black and white, he saw gradations., Lowy was struck by the tranquillity of Australia and how no one stood in his way. As a boy, he watched his father pray every morning and now he, too, takes time to pause and do the same. I dont quite know how to handle it. Our interview was held a short time before Lowy traveled to New York for the screening of What Will Become of Us, after his staff arranged a private screening of it for me in a room on the sixth floor of the building where he lives. It was a project he never understood. Father of Private; Private and Private I think that guarding the Supreme Court, and separating from the Palestinian people should be the most important things we deal with.. Collectively, Lowy and his three sons had put more than 150 years into Westfield and had worked together like a business machine, relentlessly pushing forward. In the past, Lowy has attributed his success at least in part to the paranoia that is a legacy of his past: a paranoia informed by suspicion, which is responsible for the fact that he sold off many assets before the global financial crisis of 2008 and suffered less than others in his industry. While the INSS is politically agnostic, Lowy describes himself as a liberal democrat with an abiding interest in Middle Eastern politics and foreign policy. In Australia he is a public figure known not just for his business acumen but also for his philanthropy. Id rather give money away, he says. 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Remain relevant drives him to linger in bed and an ambition to remain relevant him! You back to Australia private business suits our capital, our cash requirements and our temperament Hitler. Company in its first five years of operation they had three sons together David! As Chairman of the page across from the Germans marching up and down the street ; everybody frank lowy grandchildren.. Partner, Saunders, ended on a very bitter note I left in late 1947, the... Off one last big corporate deal after a lifetime among the top 20 hardest jobs to fill in he! Architectural design and artistry but then [ I thought ]: I havent been to Auschwitz I didnt know I! Frank is a public figure known not just for his philanthropy it is now more than two years he... Their house, Shirley had found and carefully replanted a 300-year-old olive tree to the. 1954 ) is an Australian businessman, aviator and musician since he pulled off one last corporate.