Rich List 2018: NBA star Steven Adams appears for first time

Rich List 2018: NBA star Steven Adams appears for first time
Photo credit: File

The net worth of the richest New Zealanders has been revealed in the latest rankings released by the National Business Review (NBR).

For the first time the total wealth owned by those on the list exceeds $100 billion.

It includes the likes of basketball star Steven Adams, former Prime Minister Sir John Key, US-based tech billionaire and New Zealand citizen Peter Thiel, and movie mogul Sir Peter Jackson.

New Zealand's richest person by far remains Graeme Hart, worth $9 billion according to NBR. He owns a packaging empire and a private equity company.

He is followed by Richard Chandler, who is worth $4.7 billion. He earned his wealth through building and investing in businesses in healthcare, financial services and energy, according to NBR.

Adams is included for the first time, coming in at the bottom of the list with a net worth of $50 million. He's halfway through a four-year $145 million dollar deal with the Oklahoma City Thunder in what is the largest contract ever signed by a New Zealand athlete.

Sir Peter Jackson is worth $650 million. He owns Wingnut Films, most of Weta Digital, is a partner in Weta Workshop and shares Stone Street Studios with Sir Richard Taylor. His latest movie Mortal Engines comes to New Zealand cinemas in December.

Former Prime Minister Sir John Key is worth $70 million. He is a director at Air New Zealand, and chairman of ANZ New Zealand.

The top on NBR'S 2018 Rich List:

  • Graeme Hart, $9 billion:
  • Richard Chandler, $4.7 billion:
  • Todd family $4 billion:
  • Peter Thiel: $3.6 billion
  • Sir Michael Friedlander: $1.85 billion
  • Erceg family: $1.8 billion
  • Ric Kayne: $1.8 billion
  • Goodman family: $1.75 billion
  • Stephen Jennings: $1.2 billion
  • Spencer family: $1000 million

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