Hart climbs up Forbes billionaire list

Graeme Hart

New Zealand's richest man, Graeme Hart, has climbed 45 places on the Forbes list of the world’s billionaires with an estimated wealth of $US9.5 billion ($13.5 billion) this year.

That places him at number 133 on the Forbes list, up from 178 a year ago when he was valued at $US6.4 billion.

This contrasts with the NBR Rich List, which valued him at $NZ7 billion in 2016, down from $9 billion in 2015. Read his NBR Rich List profile here.

Mr Hart, a former tow-truck driver, accumulated his wealth through a series of deals involving his private investment company Rank Group resulting in a global packaging empire.

Meanwhile, New Zealand's second-richest man according to Forbes, Richard Chandler, slipped down the rankings to number 1098.

Mr Chandler is estimated to be worth $US1.91 billion ($NZ2.7 billion), a drop from US$2.45 billion ($3.5 billion) in 2016.

Microsoft founder BIll Gates topped the list with an estimated wealth of $US86 billion, followed by investment guru Warren Buffet on $US75.6 billion. Meanwhile, Donald Trump's net worth fell by $US200 million since the election but he's still worth $US3.5 billion.

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2 Comments & Questions

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Stop referring to Graham Hart as a former tow truck driver. I am a former paper boy and service station attendant. So what???

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I wish the rich list would just report on what a person actually owns, and not include what they owe the bank. ie Terry Seripisos was reported to be very rich for years. But what did he actually own? All his assets were owned by the money lenders. You don't own it until you have paid for it.

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