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John Gandel Net Worth

John Gandel Net Worth

Net Worth: $3.5 Billion

Statistics
  • Source of Wealth Shopping Malls
  • Birth Place Melbourne, Australia
  • Marital Status Married (Pauline)
  • Full Name John Gandel
  • Nationality Australian
  • Date of Birth 1935
  • Ethnicity Jewish-Polish
  • Occupation Businessman and Property Developer
  • Education Melbourne High School
  • Children 4
More StatsView More

About John Gandel

John Gandel is an Australian businessman and property developer who has an estimated net worth of $3.5 billion as of November 2016 according to Forbes. He is the seventh richest person in the Top 50 list of Richest Australians and is ranked 495th in the list of World Billionaires.

Mr. Gandel has earned his estimated net worth of $3.5 billion from his estate from his Polish-immigrant parents and mostly from the development of commercial real estate and the shopping malls located in Melbourne and Victoria.

Gandel’s parents founded and owned the Sussan women’s clothing chain. He took control of the clothing business in the 1950’s and together with his brother-in-law, Marc Resen, he has helped it grow into a chain of more than 200 stores. In July 1983, he bought the Chadstone Shopping Center from Myer Emporium for $37 million as well as the Northland Shopping Center. In 1985, he sold Sussan to Marc so he could concentrate on real estate. Since then, the Gandel Group has managed and developed the complex into Australia’s billion shopping mall with the current value of more than $3 billion where he owns $50 million shares. He plans to add a $525-million hotel and office tower.

With his accumulated fortune, he donates money to health care, arts, and Jewish education. He is a graduate of Melbourne High School. He is married to Pauline with whom he has two children and together, they collect Japanese art.

Earnings & Financial Data

The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of John Gandel's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.

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Choose Year
  • Earnings 2016
  • Earnings 2015
  • Earnings 2011
  • Earnings 2010
Earnings 2016 N/A
Sale of Asset 2016

Selling value of Gandel's substantial stakes from Charter Hall Group

$500,000,000
Earnings 2015 N/A
Earning Turned Donation 2015

Amount donated by Gandel to the Museum Victoria (A$1 million)

$754,000
Earnings 2011 N/A
Sale of Asset 2011

Selling value of Gandel's stake from shopping center, Northland (A$450 million)

$339,500,000
Earnings 2010 N/A
Earning Turned Donation 2010

Amount donated for National Gallery of Australia (A$7 million)

$5,200,000
Show all earnings