Solomon Lew
Melbourne, Australia
Australia
retail, Self Made
$1,500,000,000
1605
#1605 Billionaires 2019
#28 Australia's 50 Richest 2019
Solomon Lew chairs Melbourne-based Premier Investments.The company is the largest shareholder in struggling Australian department store Myer.Lew has been critical of its board since Premier purchased a 10.8% stake in 2017, sparking takeover speculation.Lew family companies are major suppliers to the group. Premier Investments also owns the Smiggle stationery store franchise, aimed at children and teenagers, and sleepwear label Peter Alexander.
Lew says he always had an entrepreneurial mindset, working in retail after school and during holidays before opening his first apparel business on his 18th birthday.He was the first Australian to enter the World Retail Hall of Fame, in 2016, when he was inducted along with Jo Malone and Tommy Hilfiger.
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