NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

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 / Property

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
Business

The famous faces in this year's Rich List

24 Jul 01:00 AM
Shares

Bob Jones joins NZ's billionaire club: NBR Rich list reveals cashed-up Kiwis

11 Aug 10:20 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 Property

Premium
Property

'Biggest New World upgrade in NZ' - what was happening before fire?

18 Jun 12:00 AM
Premium
Property

All rentals must meet five Healthy Homes standards by July 1

17 Jun 11:00 PM
Property

'Not sure if I'm crazy' - Buyer gets serious about $2m dump in four minutes flat

17 Jun 08:02 PM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Property

Premium
'Biggest New World upgrade in NZ' - what was happening before fire?

'Biggest New World upgrade in NZ' - what was happening before fire?

18 Jun 12:00 AM

'This was the biggest New World upgrade in NZ because that store is the flagship.'

Premium
All rentals must meet five Healthy Homes standards by July 1

All rentals must meet five Healthy Homes standards by July 1

17 Jun 11:00 PM
'Not sure if I'm crazy' - Buyer gets serious about $2m dump in four minutes flat

'Not sure if I'm crazy' - Buyer gets serious about $2m dump in four minutes flat

17 Jun 08:02 PM
Family selling their ski chalet to get better parking spot for their plane

Family selling their ski chalet to get better parking spot for their plane

17 Jun 07:55 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

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
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • 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