Published On: Mon, Dec 22nd, 2014

Australian Billionaire Heloise Waislitz Fights Poverty

Heloise Waislitz,   Alex Waislitz Pratt Foundation Hosts "An Intimate Evening With Sir Bob Geldof"/ Getty


Australian billionaire Heloise Waislitz, daughter of packaging tycoon Richard Pratt, inherited a sizeable fortune and is worth $2 billion, but she has decided to put much of that wealth in the service of helping others, as reported by Australian Billionaire.

Waislitz usually avoids public appearances, but she did give a speech supporting the Pratt Foundation, which is one of the main organizations behind the Global Poverty Project. She says the Microsoft’s Bill Gates inspired her to pursue philanthropy. She has spoken at the United Nations on the need to eliminate polio around the world. She and her husband Alex have also donated funds to aid indigenous children in Australia.

Much of her time is devoted to the Global Poverty Project, founded by Australians Hugh Evans and Simon Moss, as well as the Pratt Foundation, where she serves as chair. Her husband, Alex Waislitz, born of Polish Jewish immigrants, is one of the most successful investors in Australia and is head of Thorney Investments. It is estimated that the fund has made around 30 to 40 people into millionaires in the last 20 years.

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