BillionaireNet
Lew
S
Rank #2119
AUSTRALIAFashion & RetailRetail

Solomon Lew

Net Worth
$1.82B
-0.22% (24h)
Solomon Lew (born March 22, 1945) is an Australian business magnate with a net worth of $2.0 billion as of December 2024. His wealth stems primarily from his investments in the retail sector, particularly in the fashion and apparel industries. Lew's career began at a young age when he supplied dresses to Myer Emporium. Over 40 years, Lew has built a retail empire through Premier Investments, and is now chairman, with brands including Smiggle and Peter Alexander. Lew was inducted into the World Retail Hall of Fame in 2016, recognizing his significant contributions to the retail landscape.

The Full Dossier

Early Life

Solomon Lew was born in Melbourne, Australia, to Polish Jewish immigrants. He attended Mount Scopus Memorial College. His entrepreneurial spirit emerged early, starting his first business, Voyager Solo, at the age of 18, supplying dresses. He later studied accounting and commerce at night school.

Rise to Success

Lew's career is marked by his strategic investments and his involvement in prominent retail companies. He was formerly the chairman of Coles Myer (now Coles Group) but was later voted off the board. In 2008, he returned to the board of Premier Investments and became its chairman. Lew has also made significant investments, including a ten percent stake in David Jones.

Key Business Strategies

Lew's business acumen is evident in his ability to identify and capitalize on market trends. He has focused on importing apparel and toys from China. Premier Investments, under his leadership, has expanded its brand portfolio, including Smiggle, Just Group and Peter Alexander. In 2016 he became the first Australian to be inducted into the World Retail Hall of Fame.

Philanthropy

Solomon Lew is known for his philanthropic efforts, including donations to the National Gallery of Victoria. He also supported the United Israel Appeal and founded its Action for Israel division.

Career Timeline

2016

World Retail Hall of Fame

Inducted into the World Retail Hall of Fame.

2008

Chairman of Premier Investments

Returned to the board of Premier Investments and became its chairman.

1991

Chairman of Coles Myer

Became chairman of Coles Myer.

1987

Premier Investments Incorporation

Premier Investments Limited was incorporated.

1980s

Takeover Bids

Made takeover bids for John Martin & Co. and OPSM.

1964

Voyager Solo

Took control of his father's retail business, Voyager Solo.

1963

Began Career

Started his career at 18 supplying dresses to Myer Emporium

Philanthropic Impact

Arts$0.45B

National Gallery of Victoria

Donated to the National Gallery of Victoria for art acquisition.

Jewish Community/IsraelUnknown

United Israel Appeal

Founded the Action for Israel division.

Wealth Trajectory