John Gandel Net Worth

Net Worth: $3.5 Billion
  • Source of Wealth:

    Shopping Malls
  • Birth Place:

    Melbourne, Australia
  • Marital Status:

    Married (Pauline)
  • Full Name:

    John Gandel
  • Nationality:

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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 ?
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Earnings 2016

Sale of Asset 2016
Selling value of Gandel's substantial stakes from Charter Hall Group

Earnings 2015

Earning Turned Donation 2015
Amount donated by Gandel to the Museum Victoria (A$1 million)
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