3. Mowbray SIblings: Net Worth $ 2.8 Billion
The Mowbray Siblings boast a net worth of 1.8 billion, thanks to their success in the business world. Mowbray are prominent entrepreneurs, with ventures spanning technology, fashion, and entertainment.
The Siblings are made up of Matt, Nicholas James Mowbray and Anna Jane Mowbray. Together, they co-founded a toy and consumer products manufacturer Zuru. The initial name of their company was Guru and this was changed to Zuru as Guru had been trademarked by another company. According to Mowbray, by the end of 2020 Zuru employed 8500 people, had 26 offices, and a turnover of over $1 billion. Successful toys were Robo Fish (the world’s fastest selling toy in 2013) and Bunch O Balloons (the top selling toy in the United States for three months in 2016). In 2018, Mowbray was awarded New Zealand Entrepreneur Of The Year by multinational professional services network Ernst & Young.
The Mowbray siblings bought Coatesville mansion in Coatesville in 2017 for NZ$32.5 million when they were in their early 30s. The mansion is one of New Zealand’s most expensive homes and is famous for the January 2012 raid when Kim Dotcom lived there. According to the National Business Review in 2021, the net worth of the siblings is NZ$3bn
2. Richard Chandler and Family: Net Worth $2.9 Billion
The Chandler family’s net worth of 2.9 billion secures their position as one of New Zealand’s richest families. Richard Chandler, a renowned investor, has made significant contributions to philanthropy and sustainable development through his foundation.
Richard Chandler is one of the richest people in New Zealand. He has a track record of buying struggling businesses and then rebuilding them. Hoan My Medical Corporation is 80 percent owned by him. Richard Chandler, a New Zealand native, moved to Singapore in 2006 to operate Clermont Group, his own investment firm. Clermont has holdings in the healthcare, financial services, and aerospace, among other things.
Chandler and his brother, Christopher, cofounded the investment business Sovereign Global, which he now controls as Legatum Group in Dubai. Clermont owns shares in SBFC, an Indian small business loan provider, and Hoan My, a Vietnamese healthcare company. Clermont Aerospace is the owner of MagniX, an aviation engineering company, as well as a controlling position in Eviation, an Israeli light electric aircraft manufacturer.
1. Graeme Hart: Net Worth $9.7 Billion (2024 Top 10 Richest People in New Zealand)
With a net worth of 9.7 billion, Graeme Hart reigns supreme as New Zealand’s wealthiest individual. Known for his savvy investments and acquisitions, Hart has built an empire spanning various industries, including packaging and beverage.
Graeme Hart is a New Zealand business entrepreneur. After graduating from high school, Hart worked as a tow truck driver and a panel beater. Hart earned his MBA from the University of Otago in 1987. His research thesis explains the growth strategy for Rank, which was then a modest staffing firm. This method relies on well-performing companies’ cash flow to fund debt, which improves the equity value of the initial investors when the debt is paid off. In 1990, Hart got a significant break when he bought the Government Printing Office for less than its market value. The purchase price was 1.4 times earnings, and Hart was given favorable payment conditions.
New Zealand’s then-Prime Minister David Lange initially refused to approve the deal. The next year, he purchased Whitcoulls Group, which included a bookshop chain as well as office and stationery businesses. He has since sold these holdings. His trip began with a log cabin and ended with a gorgeous white villa. Because of his modesty and desire to keep a low profile, Hart is referred to as an undercover billionaire. In New Zealand, Graeme has homes in Auckland and Waiheke Island. He also has a 58-meter luxury motor yacht that attracts a lot of tourists. He is one of the richest people in New Zealand.
CONCLUSION: 2024 Top 10 Richest People in New Zealand and their Net worth
As we conclude our exploration of the top 10 richest individuals in New Zealand for the year 2024, we are left awestruck by the sheer magnitude of wealth amassed by these extraordinary individuals. Their fortunes, built on a foundation of innovation, resilience, and unwavering determination, serve as a testament to the limitless possibilities that exist within the realm of entrepreneurship and business leadership.
Beyond their financial success, these titans of industry are pillars of progress, driving innovation, creating jobs, and contributing to the prosperity of New Zealand. Their stories inspire us to dream big, think boldly, and pursue our ambitions with unwavering determination, knowing that with vision and perseverance, anything is possible.
As we look ahead to the future, one thing remains clear: the legacy of the top 10 richest individuals in New Zealand of 2024 will endure, shaping the destiny of the nation and inspiring greatness in generations to come.
2024 Top 10 Richest People in New Zealand by Top Most 10