John gandel grandchildren necklace

$50 million late-life passion project, the most extraordinary new sculpture park in the country: Point Leo Estate..

Here we take a look at the Australian kids who have been born into impressively wealthy dynasty families and ultimately benefited from their grandparents.

  • There are 1,011 billionaires in the world this year.
  • $50 million late-life passion project, the most extraordinary new sculpture park in the country: Point Leo Estate.
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    • John Gandel

    Australian businessman

    John GandelAC[1] (born 1935 as Aaron Jonna Gandel) is an Australian businessman, property developer and philanthropist.

    He made his fortune in the development of commercial real estate as well as shopping centres located in Melbourne, Victoria.

    Gandel, who inherited much of his wealth from his Polish-immigrant parents, founders of the Sussan women's clothing chain, is consistently ranked within the top fifteen wealthiest Australians by net worth in both the Financial Review Rich List, where in 2023 he was ranked fifteenth with an assessed net worth of A$6.33 billion;[2] and in 2019 ranked eighth by Forbes magazine, with an assessed net worth of US$4.00 billion.[3]

    Early life and education

    Gandel was born in Australia in 1935,[4] the son of Sam and Fay Gandel, Jewish[5] immigrants from Poland.

    His parents operated a corsetry store on Collins Street, Melbourne.[4]