Do you know the richest people in New Zealand currently? Do you know how they made their money?
Here are the top 10 richest people in New Zealand and their Net Worth. You also get to know how they made their money.
There are lots of reasons why these facts are very important. Knowing what someone from your country has been keeping in his or her bank account motivates you to achieve more.
This gives you the confidence that you can also get somewhere one day. It gives you the zeal to aim higher and if you are already in your comfort zone, it alerts you that there is more room for improvement.
Apart from that, someone might also browse this just for informational purposes. No matter your reason for browsing, I hope to provide you with the best and credible information.
The information here is compiled from data available online by the individual/groups in this article. Ranking websites like Forbes and Celebrity Networth track billionaires consistently. Information from all these websites and many others helped in compiling this list.
Note that the currency here is in New Zealand Dollars.
1. Graeme Hart – $13.23 Billion
Net Worth: $13.23 Billion
Graeme Hart is the richest man in New Zealand currently. He is a businessman and a very private person who barely open up to the media.
He made his wealth from major business investments. His style of investments usually deals with buying underperforming companies and turning them into a money-making machine.
The strategy he employs works by cutting costs and managing the financial aspects of the company properly. That is what most people believe turned him into the successful man he is today.
Graeme Hart is rich but does everything possible to stay out of the media. He is very private with everything he does hence there is less information about him out there compared to most rich people.
Forbes.com estimated Graeme Hart net worth to be US$9 billion which also converts to NZ$13.23 billion. That makes him the richest man in New Zealand currently.
2. Peter Thiel – $4.26 Billion
Net worth: $4.26 Billion
Peter Thiel is a German-American billionaire businessman. Since he has acquired New Zealand nationality, we can equally say he is a New Zealander.
Thiel is the founder of the popular payment platform “Paypal“. He was also the first outsider to get a stake in Facebook. It is believed that he has sold most of his stakes in the social media network company but still sits on the company board.
Thiel has invested in other businesses including the payment platform “Stripe“. Most of his businesses are in the United States but since he has acquired New Zealand citizenship, he is worthy of being on this list.
Forbes.com estimated him to be worth US$2.9 billion which also converts to NZ$4.26 billion.
3. Todd Family – $3.97 Billion
Net Worth: $3.97 Billion
The Todd Family is a family of businesspeople whose history in New Zealand dates as far back as 1870.
Charles Todd was the principal founder of the Todd Corporation after moving from Scotland to settle in Dunedin, New Zealand. He started the business which was then called Heriot Fellmongery which later changed to Todd Bros & Co. After incorporation in 1909, it became Todd Bros Limited which is now known as Todd Corporation.
Since then, the Todd Family became one of the biggest family names across the entire world. The family runs the Todd Corporation with all its other subsidiaries.
According to celebritynetworth.com, Todd Family is worth US$2.7 billion currently, which also converts to NZ$3.97 billion.
The family is currently the richest family in New Zealand.
4. Richard Chandler – $3.38 Billion
Net Worth: $3.38 Billion
Richard Fred Chandler is a New Zealand billionaire businessman and also a brother to Christopher Chandler. He is currently the Chairman of Clermont Group.
Richard Chandler and his brother Christopher Chandler were CEOs of the Sovereign Group of Companies before splitting their assets in 2007. After the split, Richard Chandler created Orient Global which is also the Clermont Group we know today.
Richard is an investor who likes to invest in underperforming businesses and leverage them to turn a profit. He has invested in many businesses hence making his billions from them.
Forbes.com estimate Richard Chandler to be worth US$2.3 billion, which also converts to NZ$3.38 billion making him one of the main billionaires in New Zealand currently.
5. Goodman Family – $3.1 Billion
Net Worth: $3.1 Billion
The Goodman Family is another rich family on the richest people in New Zealand list. The family took after the successful beginning of their late father, Sir Pat Goodman who died in 2017.
He was succeeded by his three children Patrick, Greg and Craig who are currently in charge of his businesses and also maintaining his legacy.
The family is known for making huge investments into the food industry both locally and international. The Goodman family found success through these investments and has since maintained the success up to date.
The combined net worth of the family is estimated to be around $3.1 billion currently.
6. Mowbray Family – $2.5 Billion
Net Worth: $2.5 billion
The Mowbray brothers started what is now a multibillion dollar toy manufacturing company in their early 20s. They started the company in Hong Kong somewhere in 2003 and when it started flourishing, their sister came along to help.
The Mowbray family own and run the popular toy brand ZURU. They made all their money from this company and other business investments.
Together, the siblings currently have a total net worth of $2.5 billion making them one of the richest families in New Zealand.
7. Sir Michael Friedlander – $2 Billion
Net Worth: $2 Billion
Sir Michael Friedlander is a New Zealand billionaire businessman who is known for investing in properties. He also has other investments that made him his billions.
Some of his businesses include Samson Corporation and Sterling Nominees which are also operated by his two sons. He controls a large empire of over 220 properties in Auckland.
Sir Michael Friedlander is also known for his act of generosity and massive contribution to society. He was appointed a Companion of the New Zealand Order of Merit, for community services.
Sir Michael Friedland is one of the richest people in New Zealand currently with a net worth of $2 billion.
8. Rod Drury – $1.95 Billion
Net worth: $1.95 billion
Rod Drury is one of the richest people in New Zealand. He is an entrepreneur who is very popular in the Technology industry.
Drury founded and also served as CEO of the accounting software company, Xero until 2018 when he stepped down. Since then, he has worked in the company as a non-executive director.
Before Xero, Drury also founded a few other companies which some were sold. He founded the Glazier Systems and co-founded Context Connect. He also founded an email archiving company called AfterMail but sold it later to Quest Software.
Drury is currently estimated to be worth $1.95 billion hence making him one of the richest people in New Zealand.
9.Talley Family – $1.2 Billion
Net worth: $1.2 Billion
The Talley family is the family that runs the Talley Group Limited. The company is an agribusiness that deals in consumables specifically, seafood, dairy and vegetables.
Talley Group Limited started in New Zealand around 1936. Since then, the company has been very successful and is currently one of the biggest agribusinesses in New Zealand.
The Talley family made most of t their wealth from this company and currently have a net worth of $1.2 Billion.
10. Sir Bob Jones – $1.1 Billion
Net Worth: $1.1 Billion
Sir Robert Edward Jones is a an investor, author and politician. He is also one of the richest people in New Zealand currently.
He has invested a lot into properties through his company Robt Jones Holdings Ltd. The company is worth millions of dollars and has made Bob Jones rich over the years.
Sir Jones in his earlier years participated in politics but withdrew shortly after. He has participated and has a great interest in boxing which he is sometimes seen commenting on popular competitions.
Sir Jones has also written quite a number of books over the years. He is currently estimated to be around $1.1 billion.
Summary of Top 10 Richest People In New Zealand List
These are the top 10 richest people in New Zealand currently. There is also the list of the top 10 richest athletes in New Zealand which you must check out.
When you take a look at the NZ rich list, you will realize the richest person in New Zealand is Graeme Hart with a net worth of $13.23 Billion to his name. His net worth exceeds the second richest person’s net worth by more than 200%. Sir Bob Jones is the last person on the list with a net worth of $1.1 Billion.
A careful look at the list indicates that all the people on the list made their money from their private businesses. This makes me believe that there is much success in running a private business if you run in right.
These are the New Zealand Billionaires currently. They are not the only billionaires but the just the ones who made the top 10 list. There are other billionaires who the list didn’t capture since we are only focusing on the Top 10.