Australian billionaire & property developer Lang Walker dies aged 79 with wife and three children by his side

AUSTRALIAN billionaire and property developer Lang Walker has died at the age of 79.

The real estate tycoon was surrounded by his wife and three children during his final moments at his Woolloomooloo home, in Sydney’s north shore.

Known for shaping much of postwar Australian suburban living, Mr Walker was one of the country’s richest businessmen.

The veteran was also the founder of Walker Corporation, his family’s private property development group.

Lang’s total combined net worth was estimated to be around $2.5billion (£1.2billion), according to Forbes.

The website listed him as the 18th richest person in Australia.

He was also said to own a fleet of yachts, all named Kokomo – a name he used for every boat he’s owned besides one.

Amongst his property’s was a 140-acre private island in Fiji that he bought in 2011.

Also named Kokomo, the island opened to visitors in March 2017.

His death was confirmed by his family on Sunday.

Most read in The Sun

Lang’s wife, Sue, and three adult children, Blake, Chad and Georgia, were by his side as he passed overnight.