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.
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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- MediaWorks has won a case against a former sales manager, Victoria Young reports
- Security expert Daniel Ayers on the 'Krack' wi-fi vulnerability scare
- Century 21 national manager Geoff Barnett discusses banks' increasingly cautious approach to even pre-approved home buyers
- NZ Beef and Lamb chairman James Parsons on what an NZ/EU FTA would mean for the beef sector
- Retirement expert Barry LaValley on misconceptions of your "golden years"
- NBR Radio: The best interviews, with Grant Walker — updated daily