The Growth of New Zealand’s wealth has shot up in the past decade. A report by Credit Suisse showed that the currency movements have favored in the growth of the economy of the country. Here is the list of the richest people of New Zealand.
Someone will ask; “What concerns me about what someone has in his or her bank account?”
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, it 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.
While you browse this list, don’t just look but get a goal for browsing this list.
Note: Money quoted in this article is in US Dollars.
10. Stephen Jennings $980 Million.
Stephen Jennings was once the richest New Zealander in the world, worth $5.2 billion in 2008, according to Forbes. He is now 10th on our richest people in New Zealand list, despite his disappearance from Forbes list after he lost control of his Russian investment bank, Renaissance Capital. His wealth is reportedly tied to his relationship with Russia’s controversial leader, Vladimir Putin.
He co-founded the company in 1995 and by holding key roles like Head of Investment Banking, Chief Operating Officer and Head of Sales, he nurtured the investment’s development. With him, the company expanded and became the Renaissance Group. Before his work with Renaissance, Stephen Jennings worked for Credit Suisse First Boston in London and Moscow. During his time at the CSFB, he led the State Property Committee’s voucher auctions, a move that laid the foundations for Russia’s capital markets as it is known today.
After a stint as an investment banker in Russia Jennings has now turned his sights on property development in Africa on a large-scale.