Why is Graeme Hart so rich?
New Zealand’s perennial richest person, Graeme Hart amassed a packaging empire using leveraged buyouts. Hart’s holdings make everyday products like milk cartons, water bottles, paper and aluminum foil. Since 2013, his Rank Group has been selling off subsidiaries in an apparent move to pay down its debts.
How much is Graeme Hart worth NZ?
9.3 billion USD (2022)Graeme Hart / Net worth
How rich is Graham Hart?
The businessman is now worth $11 billion, nearly $7 billion ahead of the Todd family in second place. The National Business Review has removed the word “rich” from its list, instead putting focus on how the wealthiest Kiwis are giving back to the community.
How many billionaires are there in New Zealand?
2022 New Zealand billionaires list
| World Rank | Name | Citizenship |
|---|---|---|
| 218 | Graeme Hart | New Zealand |
| 1341 | Richard Chandler | New Zealand |
| 1929 | Peter Jackson | New Zealand |
Who is the richest family in NZ?
Graeme Richard Hart (born 1955) is a New Zealand billionaire businessman and the country’s wealthiest person. He prefers to stay out of the media and makes few public appearances. As of March 2022, his net worth was estimated at US$9.7 billion.
Who is the richest woman in NZ?
Jan Cameron who is the founder of the Kathmandu retail chain is still the richest woman in New Zealand with an estimated fortune of $150.4 million. In overview, below is the latest NBR Rich List of the top 10 richest billionaires in New Zealand from 2021 to 2022.
Who is the richest person in NZ 2021?
Graeme Hart
Graeme Hart tops NBR’s list again as New Zealand’s wealthiest person. The National Business Review (NBR) estimates Hart’s net worth at $11 billion, up from an estimated $10 billion in 2019. Released on Monday, The NBR List reveals the top 10 Kiwi wealth creators for 2021.
How did Graeme Hart make his money?
1955 Graeme Richard Hart is born in Auckland, New Zealand. 1987 Graduates from University of Otago with MBA degree. 2007 Sells 20 percent stake in Goodman Fielder, exiting the food business. 2010 Acquires Pactiv, maker of Hefty trash bags, for $5.95 billion. 2011 Spends $980 million on autoparts maker UCI International.
Who is Graeme Hart?
The story of Graeme Hart, the panelbeater who became a billionaire corporate raider, has become New Zealand’s version of the journey from log cabin to White House.
Where does Richard Hart’s money come from?
The majority of Hart’s wealth comes from his ownership of Rank Group, an Auckland-based investment company. It includes four divisions: Reynolds Consumer Products, Pactiv Evergreen, Graham Packaging and the building supplies group.
How did Kevin Hart become so rich?
The majority of Hart’s wealth comes from his sole ownership in the Reynolds Group which you probably know mainly from its products Reynolds Wrap and Hefty trash bags. It’s safe to say you’ve interacted with one of Hart’s products very recently no matter where in the world you live. From high school drop out to billionaire business mogul.