John Gandel

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John Gandel (born 1935) is an Australian billionaire who made his fortune in the real estate industry. Gandel is ranked at #557 in Forbes's "The World's Richest People" list as of 2007. He ranked #6 among Australia and New Zealand's richest in that year. Gandel inherited much of his estate from his Polish-immigrant parents, and subsequently built his own fortune in shopping centers.^[1]

In 2006, Gandel bought a 50% stake in Plastro Irrigation Systems, an Israeli irrigation company. In May 2007, the majority owners of the company exercised a right they held and bought back these holdings.^[2]

In May 2006, Gandel was awarded an honorary doctorate of philosophy from Tel Aviv University, the university's highest honor, for his "business standing, broad leadership roles and philanthropic support in Australia and Israel."^[3]