Anthony Pratt is an Australian businessman and a self made billionaire. He is the Chief Executive Officer and Chairman of Pratt Industries, as well as the Global Chairman of Visy Industries, which is the largest privately-owned paper and packaging company in the world. According to Forbes, Pratt is the 6th richest person in Australia with an estimated net worth of $4.5 billion.
Net Worth: $4.5 Billion (As of March 2013)
Source: Packaging, Self-Made
Born: 1960 (Age 53)
Residence: Melbourne, Australia and Atlanta, USA
Marital Status: In a relationship, and has 2 children
Anthony Pratt was born in 1960 as the eldest son of Jean Pratt and the late cardboard king, Richard Pratt. He is currently the CEO and Chairman of Pratt industries, as well as the Chairman of Visy Industries. He is also a member of the National Board of the Muhammad Ali Museum and Education Center in Louisville, Kentucky. Pratt is also very active in a number of charity organizations throughout Australia and in the United States.
Anthony Pratt's parents, the late Richard Pratt and Jean Pratt
After graduating with a Bachelor of Economics from Monash University in Melbourne in 1982, Pratt joined McKinsey and Co, a consulting firm. He later joined Visy and became the Joint General Manager of the board. In the year 1988, Pratt became the Deputy Chairman of Pratt Industries and in 1991 he relocated to the US to become the head of the company’s subsidiary there. In a span of 15 years, Pratt Industries developed 15-fold in earnings and sales, through Greenfield initiatives as well as the acquisition of various corrugated manufacturing companies.
Pratt Industries’ revenue rose from $100 million in 1991 to $1.5 Billion by 2013. This company went up the charts to become the 5th largest corrugated box producer in the United States. It remains the sole major paper company that’s 100% recycled.
Pratt Industries under the leadership of Pratt now employs over 4,000 employees at its various mills and box plants across the United States. On the other hand, Visy has about 5,000 employees in Australia, and that number is expected to rise soon.
Pratt made an announcement that the construction of a 100% recycled 4th paper mill that will be situated near Chicago will commence sometime in 2014. There is also a $260 million project that is scheduled to commence in March, and will take up to 16 months to complete. This will be a 360,000-ton capacity plant that is scheduled to be built on a fifty-acre site near the box-making plant in Valparaiso, Indiana. This new mill is anticipated to boost Pratt’s sales in the USA to about $2 billion.
Pratt and girlfriend Claudine Revere
Anthony Pratt is not married yet, but he is in a relationship with Claudine Revere, with whom he has a son, Leon, and a daughter, Lilly. Pratt has two residences, one in Melbourne, Australia, and another in Atlanta, United States.
Interesting Facts about Pratt