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Sydney - Global Financial Turmoil Puts Holocaust Survivor As Australia's Richest Man

Oct 06, 2008 at 04:53 PM

Sydney - The turmoil in world financial markets has stripped Perth billionaire Andrew Forrest of the title of Australia's richest man, with shopping centre boss Frank Lowy taking the mantle for the first time. The Fortescue Metals Group chief executive's fortune has nearly halved in recent months, as collapsing sharemarkets impact on Australia's multi-billionaires, the Australian newspaper...

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