Solomon Lew: The Man Behind The Empire

So, How Much is Solomon Lew Worth?

Let me introduce you to Solomon Lew—an Australian business titan with a net worth of $1.3 billion. Now, here's the kicker: this wasn't always the case. Back in 1964, when Solomon was just 18 years old, he stepped into the shoes of his father and took over a small retailer. Flash forward to today, and that little business has grown into a massive empire known as Premier Investments. This powerhouse now owns some of Australia's most well-known fashion chains. Born in Toorak, Melbourne, Australia, on March 22, 1945, Lew has over four decades of retail expertise under his belt. He's not just the current chairman of Premier Investments but has also held other prestigious roles, including Chairman of The Just Group. Oh, and did I mention he's the largest shareholder in Premier and Century Plaza Investments Pty. Ltd.?

But his influence doesn't stop there. Solomon Lew has also lent his expertise as a director at Coles Myer Ltd. and the Reserve Bank of Australia. Now, here's something interesting about Lew—he’s been a vocal critic of the sales-tax exemption on Internet purchases. Why? Because it allows overseas competitors to sell goods to Australians tax-free, and that's something that deeply concerns him. Outside the world of business, Solomon and his wife, Rosie, are ardent supporters of Opera Australia. So, there you have it—a man who’s built an empire, shaped industries, and still finds time to give back to the arts.

From Humble Beginnings to Billionaire Status

When Solomon Lew took the reins of his father's small business at the tender age of 18, little did he know he was about to change the retail landscape in Australia. Over the years, he transformed that small retailer into the retail giant we know today as Premier Investments. With over 40 years of experience in the retail sector, Solomon has not only built a business empire but has also become a respected voice in the industry. His journey is a testament to what can be achieved with vision, hard work, and a bit of entrepreneurial spirit.

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His role as the chairman of Premier Investments is just the tip of the iceberg. Solomon's leadership extends to other significant positions, including his past role as Chairman of The Just Group and his current status as the largest shareholder in Premier and Century Plaza Investments Pty. Ltd. His involvement with Coles Myer Ltd. and the Reserve Bank of Australia showcases his broad influence and expertise in the financial and retail sectors. Solomon Lew’s journey is not just about wealth—it’s about making a lasting impact on the industries he touches.