The real estate prices in Australia are very high mainly due to its geo-strategic and economic prosperity. Its real estate billionaires are among one of the richest in the world. In the following list, we are going to highlight the top five richest real estate billionaires of this region.
Harry Triguboff is an 83 year old married old man having two children. He lives in Sydney, Australia and is considered as the richest man in the country. The main source of his income is the property that he owns. He started building apartments in the 1960s. It was the time when people preferred living in the single family houses as compared to apartments. Harry saw the potential in this business and since then he has put up around 65000 apartments in Australia. His total net worth is $9.3 billion.
Frank Lowy is a married male of 85 years of age having three children. He lives in Sydney, Australia and is considered the second richest real estate billionaire in the region. His main source of income is property, which mainly consists of a giant network of huge shopping malls. He is the chairman of the Westfield Corp which owns 38 shopping malls in US and 2 in the UK. He has also served as Chairman of the Australian soccer association from which he stepped down in 2015 making room for his son. His current worth is $5.4 billion.
James Packer is a 48 year old man having three children. He is currently not married to anyone. He lives in Los Angeles and his main source of income is property. He started his journey from gaming empire and continued to own Crown Resorts. James is the third richest real estate billionaire of Australia. He owns resorts and a Yacht and has a net worth of around $3.9 billion.
Lindsay Fox is a married man of 79 years of age having 5 children. He lives in Melbourne, Australia and his main source of income is property. He owns Luna Park that also has a race track and a display block of 100 extremely expensive cars. His net worth is $3.4 billion.
Stanley Peron is a 93 year old married man having three children. He lives in Perth, Australia and has property as the main source of income. His major property consists of shopping malls, commercial buildings, city car parking and regional private airport. Stanley won the business leader of the year award from the Australian Institute of Management. He is one of the richest landlords of the region and has a net worth of about $1.7 billion.
Australia is home to some of the world’s richest real estate billionaires. These men own a substantial properties not only in Australia but also in US and UK. Amongst the top five richest men, you would also find men like Frank Lowy and Lindsay Fox who grew their empire by pure hard work and intelligent business tactics.