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Home / Hawkes Bay Today / Business

Quiet achievers among those on Rich List

By APN NEWS AND MEDIA
Hawkes Bay Today·
28 Jul, 2011 09:29 PM3 mins to read

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Auckland-based businessman Graeme Hart tops the 2011 National Business Review Rich List, which welcomes some other quiet achievers, such as the Fulton and Hogan families, Datacom chairman John Holdsworth and Mainfreight co-founder Neil Graham.
Prime Minister John Key entered the list, which has a $50 million threshold, last year and was
included again this year at 55th equal.
Mr Hart's $6.5 billion fortune made from restructuring and trading businesses helps him retain top spot ahead of investor Richard Chandler on $4billion. The Todd family are third with $2.7 billion and farm investor Eamon Cleary fourth at $2 billion.
Lynette Erceg, widow of the liquor baron Michael Erceg, is fifth equal with Christopher Chandler at $1.5 billion apiece. This group of six are the only billionaires.
Seventh equal are Michael Friedlander, Owen Glenn and Stephen Jennings, with Mr Glenn returning to the list as a result of increased activity in New Zealand.
The Goodman family are seventh with $850 million, former Lion Nathan owner Sir Douglas Myers is eighth with $800 million and investment bankers Sir Michael Fay, David Richwhite and the Spencer family complete the top 10.
The new entrants include the Fulton family ($295 million), the Hogan family ($180 million), Holdsworth ($150 million), Les Mills International boss Phillip Mills and his wife Dr Jackie Mills ($90 million) and Mainfreight's Graham ($65 million).
Christchurch-based construction company Fulton Hogan employs more than 5500 people and is a highly-respected company. Holdsworth is chairman and majority owner of Datacom, New Zealand's largest locally owned IT services company. He was recognised in the New Year honours as an officer of the New Zealand Order of Merit for his services to business and the community.
NBR news editor Ellen Read said Mr Holdsworth was typical of many of the men and women who contributed significantly to charity, through sponsorship and ongoing financial support.
"John Holdworth's professional and personal dedication to social and community responsibility and his work with IHC New Zealand and Special Olympics New Zealand are as noteworthy as his business acumen and financial portfolio," she said.
This week Mainfreight chairman Bruce Plested paid tribute to Graham as he accepted his resignation as a director for reasons of ill health. "Neil has been my partner for the whole time Mainfreight has existed," said Plested.
"Neil's contribution to Mainfreight has been huge, particularly in the gaining and keeping of some of the biggest business customers in New Zealand. Neil will always remain a part of Mainfreight and we know that he will use all his strength to deal with his present health problems."
Filmmaker Peter Jackson is 12th, Trade Me founder Sam Morgan is 21st and Lloyd Morrison is 46th on the list.
The top 10 on the Rich list
1 Graeme Hart $6.5b
2 Richard Chandler $4b
3 Todd Family $2.7b
4 Eamon Cleary $2b
5= Lynette Erceg $1.5b
5= Christopher Chandler $1.5b
6= Michael Friedlander $900m
6= Owen Glenn $900m
6= Stephen Jennings $900m
7 Goodman Family $850m
8 Sir Douglas Myers $800m
9= Sir Michael Fay $725m
9= David Richwhite $725m
10 Spencer family $650m

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