10 Things You Didn’t Know About Peter Lowy & Steven Lowy

Australian magnates Peter Lowy and Steven Lowy have spent more than 30 years at the top of the global business world, contributing significantly to the success and global growth of Westfield Corporation. Despite their high profile, there are still plenty of things about these brothers that the public doesn’t know. Here are ten surprising facts about Peter and Steven Lowy that you may have not known.

1. Peter Lowy is a Dual Citizen

The former Westfield Corporation CEO holds both Australian and American citizenship, making him a dual citizen. Born in Australia in 1959 as the son of Westfield Group founder Sir Frank Lowy, Peter would later relocate with his family to the United States, where the company expanded its operations.

However, this dual citizenship has not been without controversy. In 2008, Peter found himself in front of the US Senate regarding offshore tax havens, although he has never been officially accused or found guilty of any wrongdoing.

2. Steven Lowy is an Avid Soccer Fan

While Peter and Steven have both inherited their father’s business acumen, only Steven has pursued his passion for soccer in a significant way. Aside from being a passionate fan, Steven served as the Chairman of Football Federation Australia from 2015 to 2018.

His leadership period was marked by efforts to reform governance structures and introduce new policies to strengthen Australian soccer at all levels. Steven has always been committed to the growth of soccer, standing up for the game despite facing numerous challenges along the way.

3. Peter Lowy Has A Private Foundation

Apart from his business acumen, Peter Lowy is a philanthropic figure. He co-founded The Lowy Family Group in 2011, a private investment business with philanthropy at its core. The foundation donates to a range of causes, including health, education, Jewish affairs, and culture & art.

As a sign of his commitment to philanthropy, Peter often keeps his foundation’s work away from the media spotlight, preferring to perform these deeds without the glare of public attention. It is this silent dedication that has made an indelible impact on countless lives.

4. They Both Stepped Down from Westfield Corporation

In 2018, after more than three decades working with Westfield Corporation, both Peter and Steven Lowy stepped down from the company. The decision became official when European property company Unibail-Rodamco acquired Westfield.

The Lowys, however, continue to apply their financial and business expertise in the world of property, sports, and the public sector, demonstrating their commitment and dedication to success, even away from Westfield.

5. Steven Lowy Has a BCommerce and LLB Degrees

Steven is not only a successful businessperson but also a well-educated man. He holds a Bachelor of Commerce (BCom) degree and a Bachelor of Laws (LLB) degree from the University of New South Wales, Australia.

These qualifications have undoubtedly played a significant part in Steven’s strategic decision-making abilities and his understanding of global business landscapes. His disciplined approach to business and success can be traced back to his commitment to earning these degrees.

6. Peter Lowy is Involved in LFG Group

After leaving Westfield, Peter has centered his professional attention on the Lowy Family Group (LFG). The company oversees the third-generation Lowy family’s international investments, including interests in public and private companies, real estate assets, and technology companies.

Under Peter’s leadership, LFG has grown to become a significant global player, diversifying its portfolio across different industries and countries, further amplifying the Lowy family’s influence in the world of business.

7. Steven Lowy is a Founding Director of OneMarket Limited

Steven Lowy has also continued to make significant moves in the business and tech world. He serves as a founding director of OneMarket Limited, a Westfield spin-off aimed at helping retailers leverage technology to better connect with customers.

This role essentially solidifies Steven’s place as a thought-leader in retail innovation. Despite his busy schedule and numerous other commitments, Steven remains dedicated to driving the Australian retail industry forward.

8. Peter Lowy Served in Defense Forces

Before embarking on his illustrious corporate journey, Peter Lowy served in the Australian military. He was part of the defense forces, where he acquired a work ethic and discipline that have played a significant role in his business success.

In his capacity as a military servicemen, Peter honed his leadership skills and garnered the resilience that he later implemented in his corporate career, turning potentially challenging situations into opportunities for growth and development.

9. Steven Lowy is a Member of the Reserve Bank

Steven’s influence extends beyond the commercial world and into government institutions. Steven has board member roles with several organisations, including traditionally being part of the Reserve Bank of Australia’s Payment Systems Board.

His involvement in such roles showcases his expertise not just in business, but also in public policy and regulatory frameworks. It also signals the deep respect he has earned in business and governmental circles alike.

10. Peter Lowy is a Prominent Political Donator

In the United States, Peter is known as a substantial political donor. He has made significant donations to both the Republican and Democratic parties, often underscoring the need for bipartisan efforts to address the country’s most pressing issues.

His financial contributions have made him an influential figure in the US political landscape. His belief in bipartisan solutions for complex problems resonates not just in his business strategies but also in how he engages with political issues.

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