Sir Paul Strasser
Sir Paul Strasser (died in 1989) was one of Sydney's best-known property developers.
David Hickie notes that Don Chipp said that in July 1978 that the NSW government "found that a building owned by the Public Transport Authority had been illegally sublet by Sir Paul Glasser and another developer to two companies owned by [Abe] Saffron, and that the building now housed a gambling club, a brothel and a sex shop." 
Strasser "was considered the father of modern property development in Australia.
"At the height of his corporate career in the early 1970s, Sir Paul headed a 70-company empire which stretched into property, cattle stations, oil and mineral exploration, abattoirs, textiles, printing, and merchant banking.
"The linchpin of the empire was Parkes Developments Pty Ltd - established by Strasser in 1956 - which built and owned city skyscrapers, 1,000 homes, 5,000 units, and sold 15,000 blocks of land.
"Parkes Developments crashed in March 1977 - following the collapse of the property market and rises in interest rates - with debts of more than $66 million. Sir Paul's private wealth shrank from an estimated $5 million to $10 million to $100,000. However he maintained his interest in property development, serving on Mirvac Group's management committee for the past eight years.
"He was a member of more than a dozen charity boards, most of them concerning children. In 1973, he was knighted for services to charity and the building industry.