Business Chief APAC+ANZ Magazine April 2020 | Page 83

TOP 10 Born

MELBOURNE AUSTRALIA

$ 4bn

NET WORTH IN USD
Photo © Wpcpey

08

John Gandel

GANDEL GROUP [ 1983 – PRESENT ]

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Beginning his career in business by taking charge of his family ’ s clothing company during the ‘ 50s , Gandel eventually bought the Chadstone Shopping Centre in 1983 via his company the Gandel Group . Chadstone is now the largest shopping centre of its kind in Australia , containing over 530 stores across an area of approximately 212,000 square metres . The retail sector has contributed to a substantial portion of Gandel ’ s fortune . Not just a great businessman but also a philanthropist , Gandel co-founded one of the largest funds in the country - Gandel Philanthropy - with his wife , Pauline . Focusing on projects aimed at helping the Jewish community ( Gandel comes from a Jewish background ), education and healthcare , the foundation donated over AU $ 1mn to help fight the 2019 / 20 Australian bushfires .
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