Australian Billionaire Announces Relocation to US
By Naziya Alvi Rahman
Anthony Pratt cites his U.S. family ties, 30 years of investment, and 70 factories creating 12,000 American jobs as reasons for his move to the U.S.
One of Australia’s wealthiest individuals, Anthony Pratt, has announced his decision to relocate to the United States after securing a green card for permanent residency last month.
In a LinkedIn post on Nov. 11, Pratt stated that the move was motivated by his family ties in America and his long-standing business investments in the country.
“We decided it was time to live in America,” Pratt stated, outlining three key reasons: his entire family are U.S. citizens, he has spent the past 30 years investing in America and building 70 factories, and the investments have created 12,000 well-paying manufacturing jobs across the country.
The company claims to be the fifth-biggest box maker in America and manufactures in more than 25 states. Its headquarters is in Georgia.
Pratt clarified that he would continue his role as chairman of Visy Australia and would make regular visits down under.
Since assuming leadership of the company his father started, Pratt has endeavoured to expand Visy (or Pratt Industries in the United States) into Asia and America.
Move Aligned with Trump’s Return to Power?
Pratt has had regular contact with President-elect Donald Trump.
The two were also subject to controversy after a news report suggested Pratt allegedly discussed sensitive U.S. submarine information with former President Donald Trump during a meeting in 2021 at Trump’s Mar-a-Lago estate.
During the meeting, Trump allegedly disclosed details on U.S. nuclear submarines, including their weapon capacities and operational details, which Pratt reportedly relayed to multiple contacts, including former Australian prime ministers, government officials, journalists, and employees.
The Epoch Times cannot independently verify these claims.
Former Australian Prime Ministers Paul Keating and Tony Abbott denied discussing submarines with Pratt.
A Recycling Business
Pratt’s business journey in the United States began in 1991 when he transformed an unprofitable paper mill in Georgia into a successful recycling-focused operation.
While many companies produce paper from trees, Pratt chose to recycle material heading for landfills. This strategy enabled his company to cut costs and lower emissions by situating operations near major cities, where both waste and customers are abundant.
Original source: https://www.theepochtimes.com/world/australian-billionaire-announces-relocation-to-us-5757602