Lowy is richest australian

October 10, 2008
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Frank Lowy has been named Australia's richest man after the credit crunch stripped billions from his rival. Mr Lowy amassed some £2.5 billion from mall empire the Westfield Group. His finances are being audited by the Australian Tax Office after he was named in a US Senate report on tax evasion, although he claims the disputed funds were donated to charities in Israel.
    Last updated: 11:31am, October 8 2008