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5 of the 7 wealthiest people in Australia are Jewish

Anthony Pratt, the owner of a paper and packaging firm, named country’s richest individual, followed by property magnate Harry Triguboff

Australian businessman Anthony Pratt, executive chairman of Visy Industries and Pratt Industries in America, stands during a news conference with US President Donald Trump and Australian Prime Minister Malcolm Turnbull in the East Room of the White House on February 23, 2018. (AP Photo/Carolyn Kaster)
Australian businessman Anthony Pratt, executive chairman of Visy Industries and Pratt Industries in America, stands during a news conference with US President Donald Trump and Australian Prime Minister Malcolm Turnbull in the East Room of the White House on February 23, 2018. (AP Photo/Carolyn Kaster)

SYDNEY — Five of the top seven positions on the list of Australia’s wealthiest people are members of the Jewish community.

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 US. The BRW reports that US President 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 US.

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 US. 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 US 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 US.

Football Federation Australia Chairman Frank Lowy smiles as he greets Myanmar’s Aung San Suu Kyi at the Lowy Institute in Sydney, November 28, 2014. (AP Photo/Rick Rycroft, File)

South African-born Ivan Glasenberg owns 8.4% 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 US.

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 US.

There are 23 other members of the Jewish community throughout the rest of the 193 positions.

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