Australian Property Titan Lang Walker Dies, Leaving Behind Billion-Dollar Legacy

Walker's strategic foresight and philanthropy shaped Australia's urban landscapes and impacted many lives.

Lang Walker, a titan of Australian property development, has passed away at age 78. He was known for his strategic foresight and ability to transform challenging sites into profitable properties.
Walker's significant strategic moves included selling his listed Walker Corp to Australand ahead of the 1999 dotcom crash and offloading assets to Mirvac before the 2007 global financial crisis.
Walker's legacy includes the redevelopment of Sydney’s Broadway Shopping Centre and Woolloomooloo Wharf, and the $3.5 billion Parramatta Square in Sydney.
Walker was also a philanthropist, making substantial donations through the Walker Family Foundation, including patronage of the Campbelltown Hospital and the Powerhouse Museum.
Walker's personal wealth was estimated at $5.81 billion, including assets such as the luxurious Kokomo Private Island in Fiji, a private jet, boats, helicopters, and seaplanes.