Packaging Magnate Anthony Pratt Becomes Australia's Richest Person with AU$13.14 Billion
Anthony Pratt at Visy's Melbourne office. Photo: Herald Sun
Packaging Industry News
Pratt's fortune stands at AU$13.14 billion, ahead of business figures such as Gina Rinehart, Frank Lowy and James Packer. In the decade since the death of his father, the late billionaire Richard Pratt, Pratt has led Visy and its US sister company Pratt Industries, with the family business's revenue and profit doubling.
Today, Mr. Pratt spends half his time in Melbourne, where Visy is headquartered, and the other half in the United States. Over the past decade, Pratt Industries has expanded quickly in the US, mainly operating paper mills and carton manufacturing plants in old industrial regions that voted most heavily for Trump in the last US presidential election.
He said becoming Australia's richest person has brought him into contact with more powerful and influential people. He quoted 1980s rock singer David Lee Roth: 'Money can't buy happiness, but it can buy a yacht big enough to pull up alongside it.'
Source reference: China Packaging Network (pack.cn), original link: http://news.pack.cn/show-351324.html
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