Sydney – Five of the top seven positions on the list of Australia’s wealthiest people are members of the Jewish community.
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The country’s wealthiest person according to the Business Review Weekly is Melbourne’s Anthony Pratt with $12.9 billion Australian dollars or $9.75 billion U.S. The BRW reports that Donald Trump’s tax cuts and allowing a 100 percent tax write off of capital expenditure gave Pratt another $100 million annually. His company, Visy, produces cardboard boxes and runs recycling plants across the U.S.
Property magnate Harry Triguboff, managing director of Meriton, is ranked number 2 with a fortune of $12.2 billion Australian dollars, or $9.2 billion U.S. In addition to being the country’s main developer of apartment blocks, the 85-year-old is reported to own some 4,500 hotel rooms.
Number 5 on the list is Sir Frank Lowy, who is the co-founder of shopping center company Westfield. He recently secured a $22 billion deal selling his U.S. and Europeans malls to the French company Unibail-Rodamco. Lowy is reported to have a net worth of $8.42 billion Australian dollars, or $6.36 billion U.S.
South African-born Ivan Glasenberg owns 8.4 percent of Glencore, the world’s largest commodity trader of which he is the chief executive. He lives in Switzerland but became an Australian citizen in the 1980s. He has a reported wealth of $6.85 billion Australian dollars or $5.18 billion U.S.
John Gandel is the principal of the Gandel Group, which operates a large property portfolio. His estimated worth is $6.45 billion Australian dollars or $4.87 billion U.S.
There are 23 other members of the Jewish community throughout the rest of the 193 positions.rich
Five people worth $48 billion and how much Tzedokah do you think they give to Jewish causes?
maybe I should move there
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Triguboff, funded a project at the Shorashim Center to assist immigrant applicants to Israel in proving their Jewishness.
Gandel’s philanthropy has focused on Judaism, education, medical causes and the arts. In May 2006, Gandel was awarded an honorary doctorate of philosophy from Tel Aviv University, the university’s highest honor, for his “business standing, broad leadership roles and philanthropic support in Australia and Israel.” In the same month Gandel inaugurated the Gandel Institute for Adult Jewish Learning at the Hebrew University of Jerusalem.
Pratt is a family trustee of the Pratt Foundation, donating US$15 million – US$17 million per year. Australian patron of the Trilateral Track II Food and Water Security Dialogue which he launched with former Israeli Prime Minister Shimon Peres between India, Israel and Australia.
Lowy funded the establishment of the Institute for National Security Studies at Tel Aviv University in 2006, but made sure his name wasn’t mentioned in the title. Thecenter is a highly respected think tank on such areas as terrorism and military and strategic affairs.