Early Life and Education
Anthony Pratt was born in Melbourne, Australia, on April 11, 1960, to Richard Pratt and Jeanne Pratt. He attended Mount Scopus Memorial College and graduated from Monash University in 1982 with a Bachelor of Economics (Hons).
Rise to Success
Pratt began his career at McKinsey & Company before joining his family's business, Visy Industries. He moved to the United States in 1991 to lead Pratt Industries' expansion, where he grew the company significantly. Under his leadership, Pratt Industries became the largest privately-held packaging and paper company in the U.S. and the world.
Key Business Strategies
Pratt's success is attributed to his focus on sustainable packaging solutions. His strategy involved investing in recycling infrastructure and producing 100% recycled paper products, aligning with global environmental trends. Pratt Industries is known for its integrated model, from collecting recycled materials to manufacturing packaging, and its commitment to a 'closed-loop' recycling process. Pratt has been investing heavily in U.S. manufacturing, including a $5 billion investment pledge to create 5,000 new manufacturing jobs across several states.
Philanthropy
Pratt is a well-known philanthropist, donating to various causes through the Pratt Foundation. He pledged to give away $1 billion to charity before his death and has supported organizations in education, the environment, and health. He is also involved with the Muhammad Ali Center and the Climate Group.