Graeme Hart’s profile picture

Graeme Hart

Graeme Hart’s profile picture
Net worth 2018: $10.43 Billion
Industry: Investments
Residence: Auckland, New Zealand
Country: New Zealand
BirthDay: 1955
Children: 2
BIOGRAPHY

Graeme Hart was bornon 1955 in Auckland, New Zealand, New Zealand. Graeme Hart is #156 in List Billionaires People In The World. New Zealand's perennial richest person, Graeme Hart accumulated a packaging empire using leveraged buyouts to acquire under-performing businesses that make everyday products like milk cartons, water bottles, paper and foil. Since 2013, his Rank Group has been selling off subsidiaries in an apparent move to pay down its debts. In December 2014, he unloaded Carter Holt Harvey's pulp, paper and packaging business to two Japanese firms for approximately $770 million. The following March his Reynolds Group Holdings, best known for its aluminum foil Reynolds Wrap, closed the $4.1 billion sale of subsidiary SIG, maker of cartons for beverage brands including V8, Ocean Spray, Dole, and others. The buyer was Canadian billionaire Gerald Schwartz' Onex Group.

NET WORTH STATISTIC
2009

$4.5 Billion

2010

$5.3 Billion

2011

$5.5 Billion

2012

$5.7 Billion

2013

$5.3 Billion

2014

$7 Billion

2015

$6.9 Billion

2016

$6.4 Billion

2017

$9.5 Billion

2018

$10.43 Billion

TIMELINE
2017

In 2017 it was reported that he purchased a new 116m explorer yacht, which he intends to name "Ulysses", once he sells his 107m yacht of the same name

2016

Forbes stated that Hart was the 178th richest person in the world as of March 2016

2015

In March 2015 Reynolds Group Holdings completed the sale of SIG to Onex Corporation

2014

Hart's latest 107-metre "expedition yacht," also named Ulysses, was completed and eventually launched on 3 September 2014, in Ulsteinvik, north of Oslo, at the Kleven Verft shipyard

2011

Earlier in 2011, it agreed to buy the automotive consumer business of Honeywell International (the FRAM group) for $950M USD

2010

Hart had also been seeking a purchaser for the packaging side of CHH since October 2010

2009

In November 2009 and May 2010, Hart, through additional debt financing has combined the packaging groups he owns into Reynolds Group Holdings Limited

2007

In 2007 he announced the sale of CHH's building supplies business which some estimate could fetch NZ$2

2006

While he prefers to keep a low profile in the general media he was notable for the launch of his 58 m luxury motor yacht Ulysses at Auckland's Viaduct Harbour in January 2006

2004

Hart has been the chairman since September 2004 and a member of the board of directors since September 1997

1990

Hart gained a big break when he purchased the Government Printing Office for less than its capital value in 1990

1987

In 1987, Hart completed an MBA from the University of Otago

1955

Graeme Richard Hart (born 1955) is a New Zealand businessman and the richest person in New Zealand

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