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Solomon Lew
#1997

Solomon Lew

Source of wealth: Retail

Net Worth

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Earnings per second

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Modules

Biography

Solomon Lew chairs Melbourne-based Premier Investments, an apparel retailer.

The company is the largest shareholder in Australian department store Myer and home appliance maker Breville.

Premier's brands also include the Smiggle stationery store franchise aimed at children, and sleepwear label Peter Alexander.

In 2025, Myer bought Premier's five apparel brands in exchange for new shares issued to Premier. This will create one of the largest retail and apparel companies across Australia and New Zealand.

Following five apparel brands acquisition, Lew will join the board of Myer in April 2026.

Financial Assets

Exchange
ASX
Ticker
BRG-AU
Company
Breville Group
Exchange
ASX
Ticker
GLB-AU
Company
Globe International
Exchange
ASX
Ticker
PMV-AU
Company
Premier Investments

The Great Lie of Mega-Fortunes: The Case of Solomon Lew

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Solomon Lew, linked to Fashion & Retail and 'Retail', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 15 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 1.0 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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