From New Zealand’s largest provider of medical equipment to eco-friendly stores and products, the Kraus family has its bases covered.
Peter Kraus, a German business migrant, made his initial fortune as a controlling shareholder in the Ebos medical group. The company provides medical consumables, equipment, solutions and supplies to the healthcare market.
Kraus raised $66.5m when he reduced his Ebos stake in late 2015 and, after 27 years as a director, he stepped down from the board in early 2017. Through a trust, Kraus has reduced his 4% stake down to 1.11%, which is still worth $40m in a company that has recently reached $3.6 billion in market capitalisation.
The family also owns the brand Ecostore, with son Pablo taking over as chief executive of the company in 2017.
Pablo, who studied interactive media in Toronto, serves as a director of the news website Newsroom, run by veteran journalists Mark Jennings and Tim Murphy. Ecostore is also a sponsor of the site.
Long-time resident in the Bay of Islands, the Kraus family has considerable property interests there, including a $6m lifestyle block covering 18ha at Russell as well as the 71ha Matauri Bay subdivision, which was bought from its indebted Maori owners in 2015 for $6m – less than half its government valuation. Other significant property assets include a commercial building on Auckland's The Strand in Parnell, which has a rateable value of $31m.
2018: $200 million