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Five Kiwi men and one woman can call themselves billionaires, according to this year's National Business Review Rich List, out today.
They are packaging king, Graeme Hart ($5.5b) who tops the list, the Todd family ($2.7b), Irish farmer and property investor Eamon Cleary ($2b), New Zealand's richest woman Lynette Erceg ($1.5b), and investor brothers Christopher and Richard Chandler, each valued at $1.4 billion.
Newcomers to the list include technology businessman Rod Drury, whose family trust is the biggest shareholder in accounting software company Xero, and Auckland property developer John Sax, whose canny attitude to investment through his Southpark Corporation has resulted in a spectacular portfolio.
Missing in action are Phoenix owner and star of NZ's The Apprentice, Terry Serepisos, and Allan Hubbard, often described as the South Island's richest man.
Although both are still worth a considerable amount, Hubbard is in statutory management and Serepisos has had well-publicised cash-flow issues making it difficult to accurately assess his net worth.
The list is fairly stable from last year, despite the lingering recession.
Notable is the changing nature of wealth creation, evidenced by the inclusion of Rich Listers who have earned their place through intellectual property, ideas and technology.
These include filmmaker Sir Peter Jackson ($500m), entrepreneur Sam Morgan ($290m), business academic and one of the world's top 50 business intellectuals, Dr David Teece ($180m), dot-com pioneer Steve Outtrim ($110m), film industry operators Nigel and Susan Standford ($95m) and publisher Wendy Pye ($70m).
This year's list features 150 Rich Listers with 100 men, 3 women, 39 families and 8 pairs. The overall wealth on the Rich List has decreased slightly this year, down to just over $38 billion compared with the $39 billion net total recorded in 2009. The threshold for inclusion in the 2010 NBR Rich List remains at $50 million.
The NBR Rich List is compiled from readily and publicly available information. It goes on sale today.
NBR RICH LIST TOP 10
1 Graeme Hart $5.5 billion
2 Todd Family $2.7 billion
3 Eamon Cleary $2 billion
4 Lynette Erceg $1.5 billion
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
