For a long time, New Zealand was thought of as a haven for billionaires. A beautiful country with plenty of ways to enjoy their seemingly limitless wealth. The release of the Panama Papers suggest New Zealand may also have an appeal as a tax haven for billionaires and millionaires but that has not protected them from recent downturns. Many of the wealthy in New Zealand have seen significant decreases in their net worth, but still the same names continue to top the list.
1. Graeme Hart
Net Worth: $7.3 Billion
Graeme Hart built up a massive net worth through slowly buying up underperforming businesses. He has created what is now known as his packaging empire with businesses that make things ranging from paper and foil to milk cartoons and water bottles. Graeme Hart has made a fortune for himself even though he dropped out of school at 16 and started his career working as a truck driver. However recently he has begun selling some companies to pay off his debt.
2. Richard Chandler
Net Worth: $3.2 Billion
Though Richard Chandler no longer lives in New Zealand he is a New Zealand citizen. He currently lives in Singapore but he has business interests all over the world through his investments. He has a stake a majority stake in one of the biggest healthcare providers in Vietnam, he has a stake in Africa Oil, London’s Green Dragon Gas and a Chinese company Orka Energy. He also founded a oil and gas exploration company which plans to operate out of Latin America. He is currently running the Legatum Group out of Dubai as well.