Lowy is richest australian
Created 10/10/2008 - 12:30
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.