Thursday 25th July 2013
|Text too small?|
New Zealand's wealthiest added $3.5 billion to their worth in the latest NBR Rich List, with packaging baron Graeme Hart on top and Xero founder Rod Drury achieving the fastest growing fortune.
The combined worth of those included in the 2013 list reached a record $60.4 billion, about 79 percent of the total capitalisation of the NZX's main trading board. Hart, who has built a global packaging empire following his acquisition of Carter Holt Harvey, was worth $6.4 billion, up $400 million from a year ago.
Richard Chandler, the global investor who built a diversified portfolio with brother Christopher before dividing their assets in 2007, ranked second, with his worth falling $1.3 billion to $3.7 billion. The Todd family was third, rising by $200 million to $2.9 billion, followed by the family of booze baron Michael Erceg, up $100 million to $1.6 billion.
Among newcomers were Victoria Ransom, who sold her Wildfire Interactive business to Google last year for a reported US$250 million and was valued at $300 million.
Hamish Edwards, a co-founder of NZX-listed Xero, was worth $105 million as he benefited from a 2,000 percent increase in shares of the cloud-based accounting company. Xero chief executive Drury's wealth rocketed to $400 million from $120m million a year ago.
Wellington's property and sex industry bosses John and Michael Chow made the list with a fortune estimated at $50 million each.
Kiwis returned to the top of the list after foreigners were excluded from the 2013 line-up. In the previous year the list included Russian mineral mogul Alexander Abramov.
Rounding out the top 10 were the Goodman family with $1 billion, Michael Friedlander on $950 million, Owen Glenn with $900 million, Stephen Jennings on $900 million and Douglas Myers on $880 million.
NOTE: please be advised to read full articles from Business Desk Website, you will have to pay a subscription fee on their website.
No comments yet
NZ dollar holds gains on improved dairy, bank capital outlook
MARKET CLOSE: NZ shares gain; banks rally on Reserve Bank capital decision
NZ dollar rises; bank capital rules less harsh than expected
RBNZ relaxes capital requirements, allows preference shares, extends phase-in
NZ dollar extends gain amid mixed US data, possible trade progress
MARKET CLOSE: NZ shares dip on eve of major regulatory decisions
NZ dollar sees off global headwinds, holds above 65 US cents
NZ dollar holds above 65 US cents; dairy auction prices mixed
Dairy index falls on weaker butter, milk fat demand
MARKET CLOSE: NZ shares join global decline; US tariff move weighs on exporters