The Billionaire Behind Visy and Pratt Industries: Anthony Pratt
A Net Worth of over $10B (Australia's 50 Richest)
Business Magnate Anthony Pratt Faces Multiple Lawsuits
Meet Anthony Pratt, the executive chairman of Visy Asia-Pacific and Pratt Industries, a packaging and recycling powerhouse. Founded by his grandfather in Melbourne back in 1948, Visy has seen astronomical growth, thanks to late father Richard's hard work. Add to that Anthony's latest venture, Pratt Industries in Atlanta, the leading U.S. manufacturer of corrugated cardboard. With sisters Heloise Pratt and Fiona Geminder also sharing the wealth, the family is one of Australia's richest.[1] In September 2023, Pratt Industries marked its U.S. entry with a $700 million paper mill and box factory in Kentucky.[2]
Wealth and a Vision
Age: 64 | Residence: Melbourne, Australia
Anthony's source of wealth is manufacturing, and his education is a Bachelor of Arts/Economics from Monash University. He's a proud Australian citizen with two children.[1]
In His Words
In America, Anthony adopts a policy of "steady growth is forever." He believes in sustainability as a long-lasting trend, playing a crucial role in battling climate change.[3]
Notable Figures To Dive Deeper:- Scott Farquhar- Mike Cannon-Brookes- Harry Triguboff
Future Plans and Strategies
Sustainability and Recycling: Anthony's business model doesn't stop at making profits. Goals include boosting the recycled content in Australian glass bottles from 30% to 70%, building clean energy plants to halve landfills, and increasing the use of recycled materials in manufacturing processes.[1][3]- Expansion and Investment: Investments continue to flow in the U.S., with several paper mills established, such as a $500 million mill in Kentucky. In addition, new factories, like a $200 million corrugated box factory in Wichita, have also been launched.[1]- Environmental Leadership: Anthony's commitment to the environment didn't go unnoticed, with accolades coming from Al Gore, Tony Blair, and more.[3] He continues to champion recycling as the key to environmental conservation.- Investment in American Manufacturing: In 2025, Anthony pledged to pour $5 billion into American manufacturing, signaling continued growth in the U.S.[1][4]- Global Expansion and Innovation: Pratt Industries is expanding worldwide, working on innovative materials management and sustainable practices.[4]
[1] Sustainability Advocate: The Pratt Plan, Forbes[2] Pratt Industries Opening Kentucky Paper Mill and Box Factory: Job Creation Boost, KET[3] Interview: Anthony Pratt on CNBC[4] Pratt Industries's Global Strategy and Innovation Plans, Plastics Recycling Update
- Anthony Pratt, a billionaire with a net worth exceeding $10 billion, has used his education in economics from Monash University to propel both Visy, an Asia-Pacific packaging and recycling giant, and Pratt Industries, the leading U.S. manufacturer of corrugated cardboard, as part of hisoverall business empire.
- His focus on sustainability as a key aspect of business, with plans to increase the use of recycled materials in manufacturing processes, reduce landfill waste, and improve the recycled content in Australian glass bottles, reflects his investment strategies.
- As Pratt Industries expands globally, it continues to prioritize innovation in materials management and sustainable practices, signaling continued investments and growth in various industries, such as finance, manufacturing, and recycling.
