Billionaire Profile
Lindsay Fox
Global Rank
#1392

Image: Public domain | via Wikimedia Commons

Lindsay Fox

CEO, Linfox
AU
Real-Time Net Worth
$2.9B
As of December 2025
Age
88
Source
Logistics, real estate
Industry
logistics
Citizenship
AU

Biography

Lindsay Fox, born April 19, 1937, is an Australian businessman best known as the founder of Linfox, one of the largest privately owned logistics companies in the Asia-Pacific region. With an estimated net worth of $2.9 billion as of 2024, Fox's wealth stems primarily from his interests in logistics, real estate, and investments. His career began in 1956 with a single truck, and he has since built a vast empire encompassing a large industrial property portfolio, two airports, and the Armaguard cash-transport business. His achievements have been recognized with accolades such as the Companion of the Order of Australia, reflecting his significant contributions to the transport industry and the community.

Wealth Over Time

In-Depth Profile

Early Life

Lindsay Edward Fox was born in Sydney, New South Wales, Australia, on April 19, 1937. He was raised in Prahran, a suburb of Melbourne. Fox attended Melbourne High School but left in Year 10 due to a lack of academic interest. This early experience shaped his preference for practical, hands-on learning.

Rise to Success

Fox began his professional life as a truck driver. In 1956, at the age of 19, he founded Linfox, starting with a single second-hand truck. Over the years, he grew the company through strategic acquisitions and contracts, including a significant deal with Schweppes in 1958. By the 1970s, Linfox expanded into New South Wales and Queensland, eventually operating over 1,000 vehicles. In 1984, Linfox commenced operations in Asia, starting in Shanghai. Despite challenges, including the loss of his son Michael to suicide in 1991, Fox continued to build his business.

Key Business Strategies

Key strategies for Linfox's success include a focus on logistics, supply chain management, and a commitment to innovation. The company expanded its reach across the Asia-Pacific region, serving various sectors like retail, healthcare, and defense. Linfox's expansion included acquisitions, such as Mayne Logistics and FCL Interstate Transport Services.

Philanthropy

Lindsay Fox and his wife Paula have a history of significant philanthropic contributions. In April 2022, they pledged $100 million to the National Gallery of Victoria (NGV) for the construction of NGV Contemporary. The family also supports medical research, disaster relief, and Indigenous communities through the Fox Family Foundation.

Career Milestones

1956

Founded Linfox

Established Linfox as a trucking business with one truck.

1958

Signed Contract with Schweppes

Secured a major contract that helped expand the fleet.

1984

Expanded into Asia

Linfox commenced operations in Shanghai, China.

1992

Officer of the Order of Australia

Recognized for service to the transport industry and the community.

2008

Companion of the Order of Australia

Recognized for contributions to business and philanthropy.

2022

Donated $100 million to NGV

Made the largest cash donation by living donors to an Australian art museum.

2024

Awarded Personality of the Year

Honored at the 34th Australian Freight Industry Awards (AFIA).

Philanthropy & Social Impact

Arts

NGV Contemporary

$100M

Donation towards the construction of a new contemporary art space.

Medical Research

The Alfred Hospital

Undisclosed

Philanthropic support across ICU, trauma, oncology.

Business Philosophy & Leadership

Notable Quotes

"“Life isn't about algebra and geometry.”"

"“You never go broke by giving.”"

Leadership Principles

Focus on Practicality

Emphasize hands-on learning and experience over theoretical knowledge.

Innovation

Embrace innovation and technology to improve efficiency and competitiveness.

Community Engagement

Support and contribute to the community through philanthropy.