Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Bay of Plenty Times

NBR Rich List: Who's made the list of NZ's most wealthy?

Tamsyn Parker
By Tamsyn Parker
Business Editor·NZ Herald·
23 Jul, 2017 08:35 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Graeme Hart remains New Zealand's richest man with $7.5 billion. Photo / Martin Sykes

Graeme Hart remains New Zealand's richest man with $7.5 billion. Photo / Martin Sykes

New Zealand's top 10 wealthiest people are collectively worth more than $25 billion - $2b more than last year.

The National Business Review's Rich List was revealed this morning in a live broadcast.

There are 19 newcomers to the exclusive club that make up the NBR Rich List, adding $7b to its collective worth - a total $80b, up from $73b last year.

Graeme Hart remains at the top of the Rich List and has this year boosted his wealth to $7.5b.

Packaging mogul Hart heads the list of Kiwis with at least $50 million to their name, with his fortune gaining half a billion dollars in the past year.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

NBR said Hart had recently put away his corporate chequebook and focused on deleveraging his packing empire.

Newly-revealed New Zealand citizen Peter Thiel is the second richest New Zealander with $3.7b worth of wealth.

The Todd family are third on the Rich List with $3.5b of wealth, mostly made in the energy sector.

Advertisement
Advertise with NZME.

The Chandler brothers both make the top 10 again this year. Richard Chandler, the elder of the two brothers is worth $2b and comes in at fourth on the list while his younger brother Christopher is ranked eighth with $1.4b.

According to the NBR the brothers inherited $10m between them and have turned that into billions by investing in Hong Kong real estate, Japanese banks, a South Korean oil conglomerate, and by getting involved in privatisation in Russia.

But Richard Chandler's fortunes have taken a hit in the past year, falling from $4.2b in 2016.

The Erceg family are number five on the list with $1.65b. Michael Erceg was thought to be worth $650m when he died in a helicopter crash in 2005.

Discover more

Healthcare

The winners and losers of the Rich List

23 Jul 09:11 PM

But for the past three years his family have been embroiled in a legal dispute over two trusts worth $1.2b.

Property magnate Sir Michael Friedlander is number six on the list with $1.6b, while the Goodman family is seventh with $1.475b through its property investment and development business.

New Zealand born Greg Goodman has helped to return the family to billionaire status last year after he came close to losing his empire during the global financial crisis, NBR says.

Rich-list newcomer Soichiro Fukutake is ninth on the list with wealth of $1.4b. Fukutake is ranked in the 50 richest people in Japan according to Forbes but has called New Zealand home since 2009. Fukutake's wealth comes from the publicly listed Benesse Holdings - an education provider founded by his father in 1955.

Investment banker Stephen Jennings completes the top 10 with $1.1b. After a stint as a investment banker in Russia Jennings has now turned his sights on property development in Africa on a large scale.

Three rich-listers have dropped out of the top 10 this year. In 2016 Sir Michael Fay, Sir Douglas Myers and David Richwhite were ranked 9th equal with $900 million each.

Advertisement
Advertise with NZME.

Sir Douglas died in April this year. While Fay and Richwhite have seen their wealth grow to $920 million each it was not enough to get them into the top 10 this year.

NBR editor Duncan Bridgeman said the list showed New Zealand had become the land of opportunity for entrepreneurs and risk-takers.

Typically property had been "a good avenue for wealth creation", but among the newcomers a broad range of industries were represented, including manufacturing, agri-business, insurance, aviation and finance.

"The numbers don't matter so much, it's the stories behind the wealth we really get excited about.

"I think it's continued boom times for the rich, the rich get richer and the rich are having a really successful period at the moment."

Save

    Share this article

Latest from Bay of Plenty Times

Bay of Plenty Times

'I hate him': Partner of slain Tribesman lays blame for death at president's feet

18 Jun 03:00 AM
Bay of Plenty Times

Police raid Greazy Dogs gang: Claim 'significant blow' with five arrests, $1.5m assets seized

17 Jun 11:57 PM
Bay of Plenty Times

'Just having a breather': Volcanic plume prompts social media buzz

17 Jun 11:45 PM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

'I hate him': Partner of slain Tribesman lays blame for death at president's feet

'I hate him': Partner of slain Tribesman lays blame for death at president's feet

18 Jun 03:00 AM

Mark 'Shark' Hohua was allegedly killed in a 'hot-box' beating for spending gang funds.

Police raid Greazy Dogs gang: Claim 'significant blow' with five arrests, $1.5m assets seized

Police raid Greazy Dogs gang: Claim 'significant blow' with five arrests, $1.5m assets seized

17 Jun 11:57 PM
'Just having a breather': Volcanic plume prompts social media buzz

'Just having a breather': Volcanic plume prompts social media buzz

17 Jun 11:45 PM
Silence of the fans:  Chiefs supporters told to leave cowbells at home

Silence of the fans: Chiefs supporters told to leave cowbells at home

17 Jun 11:41 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP