Rich lister Sir Owen Glenn has gifted a further $2.6 million to Auckland University Business School to support innovation and entrepreneurship initiatives at the School and across the University, including a new innovation hub.
In 2002 he donated $7 million to the university for the development of the Business School's premises and facilities. In 2015 he donated a further $5 million to promote student innovation and entrepreneurship within the department.
Glenn was estimated to be worth $400 million in the 2016 NBR Rich List and made his fortune in freight and logistics, largely in Europe and the US.
He was born in India but his family moved to New Zealand when he was 12, where he went to Balmoral Intermediate and Mt Roskill Grammar.
In 2010 he told the Herald why he was such a passionate backer of the Auckland Business School.