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# 238 Anthony Pratt $8.87B

Random fact: Considered Muhammad Ali, who he knew well, a hero.


Pratt is executive chairman of Visy, a Melbourne-based packaging, paper and recycling company. He owns one-third of the closely held business, which had revenue of A$6.1 billion ($4.6 billion) in 2021. He also owns Conyers, Georgia-based Pratt Industries, which reported revenue of $4.7 billion in 2021.

As of :
Last change +$44.5M ( +0.5%)
YTD change +$445M ( +5.3%)
Biggest asset Pratt Industries
Country / Region Australia
Age 63
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Anthony Pratt's net worth of $8.87B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Pratt's fortune is derived from his ownership of Pratt Industries. The Conyers, Georgia-based recycled paper and cardboard box company had revenue of $4.7 billion in 2021, according to company spokesman Michael O'Regan.

The valuation is based on the average enterprise value-to-sales multiple of two publicly traded peer companies: Packaging Corp of America and International Paper.

The billionaire also owns one-third of Melbourne-based Visy, which he shares with his sisters Fiona Geminder and Heloise Waislitz. The closely held paper, packaging and recycling company had revenue of A$6.1 billion ($4.6 billion) in 2021, according to O'Regan, and is valued based on the average enterprise value-to-Ebitda multiples of two publicly traded peers: Amcor and Pact Group.

The value of Pratt's cash and other assets, including real estate holdings, is based on information provided by O'Regan.


Family: Unknown, 2 children

Anthony Pratt was born into the corrugated box business his grandfather Leon started with a 1,000-pound loan from his sister Ida Visbord. Named Visy, the company started as a partnership between the Pratt, Plodka and Feldman families. Richard Pratt took over the company after Leon died in 1969. Anthony Pratt became the executive chairman and one-third owner of Visy when Richard Pratt died in 2009.

Pratt moved to the U.S., five years after he joined what was then known as Visyboard, in 1991. He had worked at McKinsey, the consulting firm, for two years after graduating from Monash University in Melbourne. He moved to the U.S. to expand Pratt's operations outside Australia, and eventually built a billion-dollar business there. The company bought box plants and built a paper recycling mill in the U.S., which led to Pratt Industries USA signing a waste paper recycling contract with the City of New York in 1995. The company recycles 150,000 tons of the city's waste paper every year.

Visy doubled the size of its packaging operations in Australia and Asia with its purchase of Southcorp Packaging in February 2001. The acquisition added new products such as PET bottles and jars, tinplate cans, paperboard cartons and rigid plastic packaging. The company was later embroiled in a price-fixing law suit, Australia's largest at the time, which was settled in 2011.

Much of the recent growth in Pratt's fortune is from the business he fully owns, Pratt Industries. By 2017, Pratt Industries had opened and acquired mills and factories across much of the east coast of the U.S. including a recycling facility on Staten Island, New York.

Pratt divides his time between Melbourne and New York.

  • 1948 Visy starts in Melbourne as maker of corrugated cardboard boxes.
  • 1960 Anthony Pratt is born.
  • 1983 Graduates in economics from Monash University.
  • 1986 Joins what was called Visyboard, after two years with McKinsey.
  • 1987 Visy buys its first paper mill in the U.S.
  • 1991 Moves to U.S. to expand Pratt, builds billion-dollar business.
  • 2009 Becomes executive chairman of Visy after father Richard dies.
  • 2011 Visy opens its second clean energy plant at Coolaroo, Victoria