David Teece
Consulting, wine, farming
$200 million

An entreprenurial academic may be an oxymoron to many, but not to David Teece.

The Blenheim-born, California-based founder of North Canterbury’s Mt Beautiful winery – and author of over 30 books and 200 scholarly papers –was this year named by the Journal of International Business Studies as “perhaps the only person in the world that could qualify today … as both an eminent scholar and business leader.”

In 1988, Professor Teece co-founded the Law and Economics Consulting Group, a global expert services and consulting firm currently employing more than 700 employees in 11 countries.

Teece was recognised 11 years ago by global management company Accenture as one of the world’s top 50 living business intellectuals.

In 2008, an analysis by Thompson Scientific found him to be one of the top-10 most-cited scholars in economics and business during the previous decade. 

The university of Pennsylvania-educated economics professor heads the Berkley Research Group, a leading consultancy firm which he founded in 2010. As of January 2014, it had 26 offices in north and south America, Australia and Europe.

Professor Teece’s areas of interest at the firm include corporate strategy, entrepreneurship, competition policy and intellectual property.

“I myself have been a scholar and entrepreneur throughout my career. Trust me: people on both sides of the fence have a lot to learn from each other,” the holder of four honorary doctorates is reported as saying.

This side of the Pacific, Professor Teece owns the Crown pastoral lease of North Canterbury’s Eskhead Station and is a founding shareholder of the neighbouring Hurunui Water Project.

In 2001, Teece co-founded the Kea New Zealand global network with Sir Stephen Tindall. The not-for-profit organization supports the international success of New Zealand and its people.