Lloyd Williams (businessman) explained

Lloyd Williams
Birth Name:Lloyd J. Williams
Birth Date:7 May 1940
Known For:Thoroughbred horse racing
Crown Casino and Entertainment Complex
Publishing and Broadcasting Limited
Hudson Conway
Occupation:Property developer
Businessman
Nationality:Australian
Education:Xavier College, Melbourne
Spouse:Suzie Williams
Children:2

Lloyd J. Williams (born 7 May 1940) is an Australian property developer and businessperson, with significant interests in thoroughbred horse racing. He holds the record as a thoroughbred owner to have won the Melbourne Cup on the most occasions, his most recent in 2020 with Twilight Payment.

Biography

Williams was educated at Xavier College, Melbourne.

He is the founder of Crown Casino and Entertainment Complex, established in 1994, located in Melbourne, Victoria. Crown is Australia's largest casino and one of the largest single casinos in the world. In 1999, Williams sold the majority of his interests to Publishing and Broadcasting Limited and other entities associated with the Packer family.

With David Gonski, Williams was the co-executor of the estate of the late Kerry Packer. Jackson Lloyd Packer, the son and male heir of James Packer, was given his middle name out of respect to Williams.[1]

Williams' family controlled business is called Hudson Conway, that has investments in a wide range of properties across Melbourne, now managed by his son, Nick.[2]

Thoroughbred horse racing

Williams is one of Australia's largest thoroughbred racehorse owners and owns a stable outside Melbourne. With his wife, Suzie, Williams has won Australia's most prestigious race, the Melbourne Cup, on seven occasions; in 1981, 1985, 2007, 2012, 2016, 2017 and 2020.

In 2000, he and Kerry Packer bought Enzeli from Aga Khan for about £200,000 to race in the Cup.[3]

Net worth

In 2012 Forbes Asia assessed his net worth as .[4] Williams' net worth was assessed by the Financial Review 2023 Rich List as .

YearFinancial Review
Rich List
Forbes
Australia's 50 Richest
RankNet worth (A$)Rank
2017[5] [6] $784 million
2018[7] $787 million
2019[8] $914 million
2020[9] $896 million
2021[10] $903 million
2022$948 million
2023[11] $990 million
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

Awards

In 2002 Williams was awarded the Australian Sports Medal in recognition of creating a programme for troubled teens to learn to sail as part of their rehabilitation.[12]

See also

Notes and References

  1. News: James Packer finally gets his male heir . The Daily Telegraph . 3 February 2010 . Tabakoff, Nick . Sharp, Annette . Australia . 2 June 2012 .
  2. News: Australia and New Zealand's 40 Richest . . 12 February 2007 . 2 June 2012 . Doebele, Justin . Fass, Allison .
  3. News: Melbourne Cup: Fanshawe far from fazed by Owl's wide draw. 22 June 2013. The Racing Post. 6 November 2000.
  4. News: Australia's 40 Richest: Lloyd Williams #38 . . 1 February 2012 . 2 June 2012 .
  5. News: Financial Review Rich List 2017 . Stensholt, John . . 25 May 2017 . 8 June 2017 .
  6. News: Mayne’s take: The top 25 Australian billionaires, as claimed by Fairfax . Mayne, Stephen . Stephen Mayne . . Private Media . 26 May 2017 . 10 October 2019 .
  7. Web site: 2018 AFR Rich List: Who are Australia's richest people?. The Australian Financial Review. 25 May 2018. Stensholt, John. 26 May 2018.
  8. Web site: Australia's 200 richest people revealed. . Nine Publishing. 30 May 2019. Bailey. Michael. 31 May 2019.
  9. Web site: The full list: Australia's wealthiest 200 revealed. subscription. The Australian Financial Review. Nine Publishing. 30 October 2020. Bailey, Michael. Sprague, Julie-anne. 31 October 2020.
  10. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 27 May 2021 . 28 May 2021.
  11. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 26 May 2023 . 6 June 2023.
  12. 979357 . 2 November 2000 . Mr Lloyd WILLIAMS . Australian Sports Medal. Created a programme for troubled teens to lean (sic.) to sail as part of their rehabilitation. . 19 November 2020 .