# Read Aloud PTE practice with samples 57
Look at the text below. In 40 seconds, you must read this text aloud as naturally and as clearly as possible. You have 40 seconds to read aloud.
376. Read Aloud
Rinehart was born in Perth, Western Australia, and spent her early years in the Pilbara. She boarded at St Hilda’s Anglican School for Girls and then briefly studied at the University of Sydney, dropping out to work with her father at Hancock Prospecting. As Lang Hancock’s only child, Rinehart inherited a 76.6% share in the company upon his death in 1992, and succeeded him as executive chairman. The company’s remaining shares were transferred to a trust for her four children.
377. Read Aloud
In 2010 Rinehart took a 10 percent stake in Ten Network Holdings; James Packer had acquired an 18 percent stake in the same company shortly before. Since then she has also acquired a substantial stake in Fairfax Media. In acquiring these shares, she has become a major player in the media and no longer limits her interests to the mining business. In February 2012 she increased her stake in Fairfax to over 12 percent, becoming the largest shareholder of the company. Fairfax journalists were reportedly fearful that she wanted to turn them into a “mouthpiece for the mining industry”.
378. Read Aloud
Pratt joined McKinsey & Co, a management consulting firm, in 1982 before joining Visy as joint General Manager of its board. In 1988, he became Deputy Chairman of Visy Industries. Three years later, he moved to the United States to lead the company’s expansion there. Over the next 15 years, Pratt Industries grew 15-fold in sales and earnings, through greenfield initiatives and the acquisition of several corrugated manufacturing companies that now form the heart of Pratt Industries. Company revenues grew from US$100 million in 1991, and by 2016 revenue was US$3 billion.
379. Read Aloud
Pratt is a family trustee of the Pratt Foundation, which was established in 1978 by the late Richard Pratt and Jeanne Pratt AC, donating US$15 million – US$17 million per year. He also serves on the board of trustees of the Appeal of Conscience Foundation. Pratt is a patron of the Trilateral Track II Food and Water Security Dialogue which he launched with former Israeli Prime Minister Shimon Peres between India, Israel, and Australia. Pratt is a patron of the Australia India Leadership Dialogue, and founding patron of The Prince’s Charities Australia. In 2017, Pratt hosted a Food Waste Summit at his Melbourne home aimed at halving Australia’s food waste by 2030
380. Read Aloud
Sir Frank P. Lowy, AC (born 22 October 1930) is an Australian-Israeli businessman of Jewish Slovakian-Hungarian origins and the former long-time Chairman of Westfield Corporation, a global shopping center company with US$29.3 billion of assets under management in the United States, United Kingdom, and Europe. In June 2018 Westfield Corporation was acquired by French company Unibail-Rodamco. He is a former Chairman of Scentre Group, the owner and manager of Westfield-branded shopping centers in Australia and New Zealand
381. Read Aloud
The son of a builder, Triguboff was born in Dalian (Darien at the time), Liaoning, the Republic of China on 3 March 1933, the son of Russian Jews (Moshe and Frida) who fled to northeastern China after the rise of Lenin. He spent his early childhood in the Jewish community in Tianjin and in 1947, moved to Australia to be educated at the Scots College in Sydney. He later graduated with a degree in textiles from the University of Leeds in England, before working in textile businesses in Israel and South Africa.
382. Read Aloud
In July 1983, the Myer Emporium sold the Chadstone Shopping Centre to the Gandel Group for A$37 million, which has since managed and developed the complex into Australia’s biggest shopping mall which is now valued at over A$3 billion. In July 1983, the Myer Emporium also sold the Northland Shopping Centre to the Gandel Group. Gandel’s major assets are 50 percent shares in Chadstone and a 17 percent stake in the listed Vicinity Centres that owns the other half. Gandel also owns significant stakes in listed property companies, besides the stake in Vicinity, worth about A$800 million, and a 15 percent stake in Sydney-based property group, Charter Hall, in which he invested A$151 million.
383. Read Aloud
Packer is the son of media mogul Kerry Packer and the grandson of Sir Frank Packer. He inherited control of the family company, Consolidated Press Holdings Limited, as well as investments in Crown Resorts and other companies. He is the former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings, which predominantly owned media interests across a range of platforms, and a former executive chairman of Crown Resorts.
384. Read Aloud
He is married to Annie Todd with four children, and lived in Sydney’s eastern suburbs in Centennial Park; in 2018 he bought Fairwater, Australia’s most expensive house for around $100m, next door to Scott Farquhar’s A$71 million house Point Piper harbourside mansion, Elaine. He also acquired the 1923-built heritage residence Verona, designed by architect Leslie Wilkinson and located in Double Bay, for $17 million. The house previously belonged to New Zealand philanthropist Pat Goodman. Prior to that, in 2016 Cannon-Brookes bought $7.05 million SeaDragon house, built-in 1936, designed by Leslie Wilkinson and updated by architect Luigi Rosselli.
385. Read Aloud
With Cannon-Brookes, Farquhar is the co-founder and co-CEO of Atlassian, a collaboration software company with more than 51,000 large and small organizations as customers – including some of the biggest names in media, manufacturing, and technology – use Atlassian’s tracking, collaboration, communication, service management, and development products. He is also an adjunct professor at the University of New South Wales’ School of Computer Science and Engineering. Cannon-Brookes and Farquhar were recognized for their achievements as the Australian IT Professional of the Year award in 2004, and Australian 2006 Entrepreneur of the Year
386. Read Aloud
Recruited from the St Kilda Football Club’s thirds side (which he captained), Fox was sent to Golden Point Football Club in the Ballarat Football League before he returned to make his Victorian Football League debut in 1960. Fox did not think much of his footballing abilities, but as a ruckman, he went on to play 20 games (for 3 goals) between 1959 and 1961. Following his stint in the VFL, he went to the VFA, playing firstly for Moorabbin, where he won a premiership, and then for Brighton-Caulfield, where he moved after Moorabbin’s expulsion from the Association.
387. Read Aloud
He has been involved with a number of high-profile disputes with the Government relating to his property development activities. In the late 1990s, he attempted to claim the public beach area in front of his holiday home as a private helipad for his helicopter and to build a high-security compound for himself and his family. This development was rejected by the Victorian Planning Minister. However, he has also been able to use his government contacts to gain favorable treatment by being granted permission to land his helicopter near his Portsea home on crown land.
388. Read Aloud
Palmer owns Mineralogy, Waratah Coal, Queensland Nickel at Townsville, Palmer Coolum Resort on the Sunshine Coast, Palmer Sea Reef Golf Course at Port Douglas, Palmer Colonial Golf Course at Robina, and the Palmer Gold Coast Golf Course, also at Robina. He owned Gold Coast United FC from 2008 to 2012. Several of these ventures have closed or gone into administration, and have led to legal proceedings against Palmer. He is currently facing proceedings seeking over $70 million for sacked workers and creditors of the Queensland Nickel refinery in Townsville, as well as criminal charges by the Australian Securities and Investments Commission relating to an attempt to take over villas at the now-mothballed Palmer Coolum Resort.
389. Read Aloud
Palmer was born at Footscray Hospital in Footscray, a suburb of Melbourne, Victoria on 26 March 1954, and spent his early years in the nearby suburb of Williamstown. His family moved to Queensland in 1963 and Palmer was largely raised on the Gold Coast, where he attended Aquinas College and Southport State High School, although he also attended Toowoomba Grammar School for a short time. Palmer’s father, George, was a travel agent, and the family traveled the world extensively. George Palmer was also the proprietor of the Akron Tyre Co and the Akron Broadcasting Co and, thus, the founder of Melbourne broadcasting station 3AK(now operating as SEN 1116)
390. Read Aloud
He started his business career by running a fleet of taxis in Perth in 1944. He then built ice-skating rinks. In 1959, he invested £500 in the Pilbara with Lang Hancock and Peter Wright, entitling him to 15 percent of any future royalties. He later received millions in royalties from iron ore and tantalite found in Brockman 2 mine close to Tom Price, Western Australia by the Rio Tinto Group. In 2012, Gina Rinehart was forced to give him tens of millions of Australian dollars as a result of a trial at the Supreme Court of Western Australia