When the covid-19 pandemic hit, I wondered how it would affect Westfield Shopping malls which I thought were operated by the Lowy family. Turns out they sold out last year.
Another Australian-American billionaire, Westfield heir Peter Lowy, lived in Beverly Hills for many years (and hosted fundraisers for presidential candidate Hillary Clinton) – though now resides in Malibu and is building a home in the “bird streets” of the Hollywood Hills next door to Friends star Matthew Perry.
As Sydney’s Daily Telegraph revealed in 2018, Lowy is now having a downright ball pursuing his second act as a stand-up comedian. His stage name is Peter Drysdale.
Ring any bells? The Beverly Hillbillies’ banker was Mr Drysdale. Sure, his first name was Milburn, but we’re still calling it uncanny.
The Australian tendency would be to trash Peter Lowy for these efforts as Aussies love to cut down tall poppies. I think Yanks will give him a fair go.
Peter Lowy is a principal of The Lowy Family Group (LFG) a private investment business with offices in New York, Los Angeles and Sydney.
Peter Lowy is a principal of The Lowy Family Group (LFG) a private investment business with offices in New York, Los Angeles and Sydney. With a long-term focus on listed equities, real estate and technology, LFG also collaborates with select external firms to augment its direct investment activities.
Prior to the completion of its sale to Unibail-Rodamco in June, 2018, Mr Lowy served as Co-Chief Executive Officer of Westfield Corporation, the global leader in design, development and operation of iconic retail destinations in major world cities. Valued at $34.5 billion at the time of the transaction, the company held a portfolio of 35 shopping centres in the United States and United Kingdom, along with a seminal development site in Milan, Italy.
Mr Lowy has more than three decades of international investment and executive leadership experience in the REIT industry. Prior to his 35-year tenure with Westfield, he worked in investment banking in both London and New York. He holds a Bachelor of Commerce degree from the University of New South Wales, Australia.
Additionally, Mr Lowy serves as Chairman of the Homeland Security Advisory Council for Los Angeles County, is a Director of the Lowy Institute for International Policy, and is on the Supervisory Board of the recently combined Unibail-Rodamco-Westfield.