Top Richest People In New Zealand And Their Net Worth

Who are the richest people in New Zealand? With a market economy that is advanced, New Zealand is ranked fourth in the 2022 Index of Economic Freedom and 14th in the 2019 Human Development Index. The New Zealand dollar, also referred to as the “Kiwi dollar,” is the official unit of exchange. It is also used in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands.

The richest people in New Zealand have been able to help the countries economy to increase with their investment and business activities which in-turn has helped New Zealand progress. Additionally, some other businesspersons were added to this list without their actual net worth. It is believed according to reputable source that they have their net worth in hundreds of millions or even billions because of their business estate.

The list will be updated soon about the actual wealth estimate of the other persons, appearing on this list of richest people in New Zealand. This list also contains a table which highlights the rich folks or ultra-rich folks in New Zealand with their area of business dealings.

Below is the table of the names of the Top richest people in New Zealand, their net worth, and their source of wealth;

1. Graeme Hart – $10.2 billion

Graeme Hart is the richest man in New Zealand with a whooping net worth of estimated $10.2 billion dollars. He is one of the most influential figure as well as billionaire in and from from New Zealand.

Hart prefers to invest in underperforming and undervalued companies with consistent cash flows that can be turned around through improved cash management, cost-cutting, and restructuring with other businesses, much like other leveraged buyout (LBO) private equity investors.

Meanwhile, since buying Carter Holt Harvey in 2006, he has concentrated his acquisitions on the paper packaging industry. His largest purchase to date was for US$2.7 billion in 2008 for Alcoa’s Packaging & Consumer group, later renamed Reynolds Packaging Group. He doesn’t run his companies himself; instead, he focuses primarily on the financing necessary for re-capitalizing them.

Hart’s holdings manufactures items that are used every day, including milk jugs, water bottles, paper, and aluminum foil. His Rank Group has been purportedly reducing its debt by selling off subsidiaries since 2013. In September 2020, he listed Reynolds Group Holdings, formerly known as Pactiv Evergreen, on Nasdaq.

2. Todd Family – $3.16 billion

The Todd family is one of the richest family in New Zealand with an approximately $3.16 billion dollars. The family built and control the Todd Corporation. Meanwhile, the family sits on a great fortunes which makes then one of the richest people in New Zealand.

The Todd Corporation, a sizable private New Zealand corporation with a $4.3 billion market value, is headquartered in Wellington, New Zealand, and is owned and controlled by the Todd family. Henry Tait, the board chairman, and Jon Young, the group CEO, are currently in charge of the company. At 20 locations in New Zealand, Australia, and the United States, the company employs 800 people, including eight members of the senior management group. There are nine people on the board of directors.

3. Richard Chandler – $2.6 billion

The billionaire businessman Richard Chandler was born in New Zealand. He serves as the chairman of the Clermont Group, a Singapore-based corporation that makes investments in both public and private businesses in a variety of markets, including energy, financial services, consumer goods, and healthcare.

According to Australian Broadcasting Corporation News, Chandler “has a reputation for purchasing underperforming companies and successfully reviving them.” He has a reputation for “taking a business approach to philanthropy” as well.

Aerospace, financial services, and healthcare are among the industries in which Clermont has interests. Meanwhille, both Hoan My, a Vietnamese healthcare organization, and SBFC, an Indian provider of small business loans, are owned by Clermont.

Furthermore, his Clermont Aerospace is the owner of the Israeli manufacturer of light electric aircraft Eviation and the aviation engineering company MagniX. MagniX on the other hand was awarded a $74 million, five-year contract by NASA in October 2021 to fund its research into electrified aircraft propulsion.

4. Michael Friedlander – $1.35 billion

Michael Friedlander is another billionaire from New Zealand, his net worth is approximated to be an estimate of $1.35 billion dollars according to reputable sources. He is also one of the leading philanthropist in New Zealand and he has been recognized and honor honored for his servitude.

The property holdings of Sir Michael Friedlander resemble an Auckland isthmus Monopoly board. Large tracts of commercial and retail real estate along the city’s main thoroughfares, such as Ponsonby, Dominion, and Great North roads, are owned by Friedlander through his businesses Samson Corporation and Sterling Nominees.

Also, among Sir Michael’s other possessions are a $24.5 million 3600 hectare farm in Pukekawa, Waikato; a small stake in Burger Fuel Group; and his $2.6 million Remuera residence. Meanwhile he was valued to be worth an estimated $1.85 billion dollars. Meanwhile, he is one of the richest people in New Zealand that have their wealth in billions.

Richest People In New Zealand

Here is the summary of the richest New Zealand and their net worth:

1. Graeme Hart $10.2 billion
2. Todd Family $3.16 billion
3. Richard Chandler $2.6 billion
4. Michael Friedlander $1.35 billion

Other Rich Billionaires in New Zealand or Ultra Rich People in New Zealand

Below is some of the other rich people from New Zealand but whose actual estimated net worth isn’t available at the moment, their dealings and companies they founded, headed or owned are worth billions of dollars as well as their financial dealings indicated they are very wealthy.

1. Alan Gibbs

Alan Gibbs is a businessman, entrepreneur, and art collector from New Zealand. He moved to London in 1999 after having a prosperous business career in New Zealand that made him one of the richest people there. By creating Gibbs Farm, one of the top sculpture parks in the world. He is the creator of Gibbs Amphibians, a company that invented high-speed amphibious vehicle technology

2. Sam Morgan

Sam Morgan is best known for founding Trade Me, the biggest online auction site in New Zealand, which he sold to an Australian media company, Fairfax, in 2006 for more than NZ$700 million approximate $450 million in dollars. He is considered one of the richest people in New Zealand.

3. Colin Giltrap

Colin Giltrap is one of the oldest rich people in New Zealand, according to source, he between the age 80-82 years old. He into the business of car dealership and sales. His real estate and auto sales empire still seems to be expanding, and his legacy is growing at a rate akin to some of the brands he sells.

4. John Copson

John Copson makes his money from properties sells, development and redevelopment. Copson made his initial fortune in 2004 when he sold Autosure to Vero. In 2013, he teamed up with a former coworker, Steve Owens, to launch Provident Insurance, which also provides a wide range of vehicle-related insurance for prestigious brands like Mercedes, BMW, and Audi.

5. Drinkrow Family

The Allan Drinkrow-founded Kaipara Ltd. empire, which includes civil engineering, quarries, and property development, is currently run by his stepson Simon Male. Additionally, Drinkrow also owns a number of properties in the Whngarei region as well as the Clevedon North subdivision, which is close to the Clevedon township in the southeast of Auckland.

6. Bruce Miles

Bruce Miles is a passionate fan of motorsports. He competed in a number of races at Australia’s Mount Panorama circuit before transferring to New Zealand’s Historic Touring Car Series, where he consistently finishes in the top four while driving a BMW 320i. He is the founder of the Miles Group which is the biggest independent retailer of motor vehicle sales, services, parts, and accessories in New Zealand. .Miles is one of the richest people in New Zealand.

7. Grant Baker

Entrepreneur and businessman Grant Baker is from New Zealand. The success he had with 42 Below Vodka, which was eventually sold for $138 million, is what made him most famous. He currently serves as chairman of the Turners Automotive Group, a health and skincare company, and the Gut Cancer Foundation, which he co-founded and serves as chairman.