LeaderPortfolio
Gandel
J
Rank #918
AUSTRALIAReal EstateShopping malls

John Gandel

Net Worth
$4.649B
+0.34% (24h)
John Gandel (born 1935) is an Australian businessman, property developer, and philanthropist. He is renowned for building a fortune in retail real estate. He is also the co-owner of Chadstone Shopping Centre, the largest in the Southern Hemisphere. Gandel's career began with expanding his family's clothing chain, Sussan, before transitioning to property development and real estate, where he achieved significant success. His net worth is estimated at $4.6 billion. Gandel's commitment extends to philanthropy through the Gandel Foundation, supporting Jewish and Australian causes.

The Full Dossier

Early Life

John Gandel was born in Australia in 1935 to Polish-Jewish immigrants Sam and Fay Gandel. His parents operated a corsetry store in Melbourne, providing Gandel with early exposure to the retail industry.

Rise to Success

In the 1950s, Gandel took control of his parents' women's clothing business, Sussan, transforming it into a prominent player in Australian women's fashion retail. In 1983, he purchased the Chadstone Shopping Centre, which he developed into Australia's largest shopping mall. His major assets include 50% shares in Chadstone, and a 17% stake in the listed Vicinity Centres. Gandel's business ventures have established him as a leading figure in the Australian property development sector.

Key Business Strategies

Gandel's success is attributed to identifying and capitalizing on opportunities within the retail and real estate markets. He expanded the Sussan clothing chain before transitioning to property, where he focused on acquiring and developing shopping centers. His key strategy involved investing in prime real estate and continually expanding and improving these assets, most notably Chadstone Shopping Centre. Gandel also invested in other property companies, including Charter Hall.

Philanthropy

John Gandel, along with his wife Pauline, established Gandel Philanthropy in 1978. Gandel Philanthropy supports a wide range of charitable causes. Over the years, the organization has channeled over $200 million towards supporting various charitable causes in the community, with a focus on Jewish and Australian causes. Notable contributions include support for Holocaust education programs and the establishment of the Gandel Institute for Adult Jewish Learning at the Hebrew University of Jerusalem.

Career Timeline

2017

Companion of the Order of Australia

Appointed a Companion of the Order for his eminent service to the community as a benefactor.

1990

Officer of the Order of Australia

Appointed an Officer of the Order of Australia for service to business, commerce, and the community.

1985

Sold Sussan

Sold his stake in Sussan to focus on real estate ventures.

1983

Purchased Chadstone Shopping Centre

Acquired Chadstone Shopping Centre, which he transformed into Australia's largest shopping mall.

1950s

Took control of Sussan clothing chain

Expanded the family-owned women's clothing business, Sussan, into a chain of over 200 stores.

Philanthropic Impact

Arts$7.5M

National Gallery of Australia

Donation to the National Gallery of Australia.

Disaster Relief$1M

Victorian Bushfire Relief

Donation to fight bushfires in Victoria.

EducationUnknown

Gandel Institute for Adult Jewish Learning

Establishment of the Gandel Institute for Adult Jewish Learning at the Hebrew University of Jerusalem.

EducationUnknown

Smiling Mind

Support to help develop the Smiling Mind platform.

Wealth Trajectory