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Terry Serepisos - Source: ONE News -
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Two high profile businessmen are missing from this year's rich list because of uncertainty about their net worth.
The compiler, the National Business Review, has dropped Allan Hubbard and Terry Serepisos from its 24th annual list issued today.
NBR said although both were still worth a considerable amount, Hubbard, South Canterbury Finance life president, was presently in statutory management and property developer and Phoenix soccer club owner Serepisos had had well-publicised cash-flow issues.
This made it difficult to accurately assess their net worth.
NBR news editor Ellen Read said it arrived at the best possible Rich List from readily and publicly available information and, given the uncertainty around both those men, it was thought prudent to put them on hold in order to retain the integrity of the list.
Hanover co-founder Mark Hotchin is also off the list as is well-known Bill Birnie of Protemix. NBR said they both have "well-publicised financial issues."
The publishers also remind readers that they only include people they deem worthy of interest and can not include everyone.
"There are candidates whose wealth is kept so private that it is impossible to calculate. We pride ourselves on providing the best possible list from publicly available information."
The top listers are:
1 Graeme Hart $5.5 billion
2 Todd Family $2.7 billion
3 Eamon Cleary $2 billion
4 Lynette Erceg $1.5billion
5= Christopher Chandler $1.4 billion
5= Richard Chandler $1.4 billion
6 Goodman Family $850 million
7= Stephen Jennings $800 million
7= Sir Douglas Myers $800 million
8= Sir Michael Fay $750 million
8= David Richwhite $750 million
9= Michael Friedlander $700 million
9= Spencer family $700 million
10 Peter Cooper $650 million
