What is Anthony Pratt’s Net Worth?
Anthony Pratt, an influential Australian businessman, has an estimated net worth of A$24.3 billion. Over the years, his wealth has continued to grow, driven by the robust performance of Visy Industries and Pratt Industries. Visy Industries, founded by his grandfather Leon Pratt in 1948, is the world’s largest privately owned packaging and paper company.
Under Anthony Pratt’s leadership, the company has expanded significantly, particularly in the United States, where Pratt Industries has become a major player in the corrugated packaging market.
Pratt’s wealth is not only tied to his business ventures but also includes various assets such as real estate. He owns a one-third share of Visy, with the remaining shares held by his sisters, Fiona Geminder and Heloise Waislitz. His strategic business decisions, including the acquisition of Southcorp Packaging in 2001 and the expansion of Pratt Industries along the U.S. east coast, have significantly bolstered his financial standing.
Despite his immense wealth, Pratt has faced controversies, including legal challenges and allegations of receiving classified information from former U.S. President Donald Trump.
Here’s the breakdown of Anthony Pratt’s net worth:
Name: | Anthony Pratt |
Net Worth: | A$24.3 Billion |
Date of Birth: | April 11, 1960 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Anthony Joseph Pratt was born on April 11, 1960, in Melbourne, Victoria, Australia, to Polish-Jewish immigrants Richard Pratt and Jeanne Pratt.
He grew up in the inner Melbourne suburb of Kew and received his education at Mount Scopus Memorial College in Burwood. Pratt’s upbringing was marked by privilege, as his father Richard was already a successful businessman and the founder of Visy Industries.
Pratt graduated from Monash University in Melbourne with a Bachelor of Economics (Hons) in 1982. During his university years, Pratt was actively involved in the Young Leadership Division of the United Israel Appeal.
Career
After graduating from Monash University, Pratt initially joined the consulting firm McKinsey & Co, gaining valuable business experience outside the family enterprise.
In 1988, Pratt joined Visy Industries as joint general manager of its board and quickly rose to become deputy chairman. His most significant career move came in 1991 when he relocated to the United States to spearhead the company’s expansion into the American market.
Under Pratt’s leadership, the U.S. division, known as Pratt Industries USA, experienced remarkable growth. Company revenues increased from US$100 million in 1991 to US$3 billion by 2016.
In 2009, following his father’s death, Pratt returned to Australia to take over as executive chairman of Visy Industries. In this role, he has continued to drive growth and innovation, improving the company’s corporate reputation and expanding its global footprint.
Pratt’s business acumen and success have been recognized with numerous awards, including being named Australian Businessman of the Year in 2011 and receiving the EY Entrepreneur of the Year award in 2012.
Personal Life
Anthony Pratt is married to Claudine Revere, an American who owns a boutique catering and event planning company called Relish Catering + Hospitality. The couple has two children and divides their time between Melbourne and New York City.
Honors
In 2009, Anthony Pratt was honored by the New York-based Foreign Policy Association with its Corporate Social Responsibility Award. Monash University awarded him an honorary PhD in 2013 for his “outstanding career of achievement and service to philanthropy, business and commerce”.
In the packaging industry, Pratt has been particularly recognized. He received the RISI North American Packaging CEO of the Year Award in 2016. In 2020, he was named “Executive Papermaker of the Year” by the leading industry publication PaperAge for his strong leadership and corporate vision.
In addition, Fastmarkets RISI named him North American CEO of the Year in July 2020.
Real Estate
Anthony Pratt’s real estate holdings are a significant component of his net worth. In Melbourne, he inherited Raheen, a heritage-listed mansion in the inner suburb of Kew, purchased by his father in the 1980s. As of 2016, the property was valued at A$100 million prior to extensive renovations initiated by Pratt.
In the United States, Pratt has made notable real estate investments. In 2019, he reportedly spent $21.3 million (USD $15 million) on a 124-year-old mansion in Bedford Corners, New York, about 65 kilometers north of Central Park. This eight-bedroom, 18-bathroom home features two indoor pools, a gym, sauna, spa, and steam room, along with extensive grounds including horse facilities.
More recently, in 2021, Pratt was linked to a record $22 million sale for a house in North Bondi, one of Sydney’s favorite beachside suburbs. The property, a two-level four-bedroom home on a 276sqm block, was purchased for $3.2 million in 2004 by its previous owners.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
