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Graeme Hart - Fact Sheet

Yacht Name: Ulysses

Yacht Length: 107 m (351 ft)

Guests: 30 in 15 cabins

Crew: 30 in 15 cabins

Yacht Value: US$ 195 million

Owners Name: Grame Hart

Owners Net Worth: US$ 5.3 billion

Owners Company: Rank Group

Owners Country: New Zealand

Although Ulysses has just been delivered early 2016, a bigger (116m) expedition yacht is already under construction at Kleven in Norway

Yacht Ulysses

The yacht Ulysses is a 107 meter expedition yacht, recently delivered by Kleven to New Zealand based billionaire Graeme Hart.

Building a 116 meter Yacht

Hart actually is building another 116 meter  expedition yacht at Kleven. The 107 meter yacht has just been delivered early 2016 while a 116 meter yacht will be delivered early 2017. The 107 meter arrived in Bremerhaven in August 2015, where she was finished at Stahlbau Nord, under supervision of Dörries Maritime Services.  

For Sale for USD 195 million

Update July 2016: The 107 meter Ulysses has been put for sale, asking US$ 195 million.

Grand Rusalina

Hart previously owned a smaller explorer yacht, delivered by US yacht builder Trinity in 2003. She is sold and is now named Grand Rusalina. Grand Rusalina’s design was done by Ricky Smith Designs. In 2011 she was put for sale for USD 49 million and sold early 2014.

Graeme Hart

Graeme Hart is a New Zealand businessman reported to be the richest person in Australasia with net worth of USD 5,3 billion.

Most Powerful New Zealander

The 2007 September issue of the New Zealand Listener listed Hart as being the 29th most powerful New Zealander. He prefers to stay out of the general media and makes few public appearances.


Graeme Hart has a preference for buying under-performing and under-valued companies with steady cash flows which can be turned around through strong cash management, cost-cutting and restructuring with other businesses.

Paper Packaging

Since his 2006 purchase of Carter Holt Harvey he has focused his acquisitions on the paper packaging sector. His largest acquisition to-date was for Alcoa's Packaging & Consumer group in 2008 for USD 2.7 billion, later renamed Reynolds Packaging Group. He does not directly manage his businesses, and is focused mostly on the financing related to re-capitalization of the companies.

Rank Group

Rank Group Ltd is Graeme Hart's private investment company. Rank Group is the 100% owner of Burns Philp and Carter Holt Harvey. Rank had assets of approximately NZD 3 billion in cash after selling the assets of Burns Philp and floating Goodman Fielder in 2004. Goodman Fielder is one of Australasia’s largest food companies.

yacht Ulysses

The expedition yacht Ulysses - built by Kleven for Graham Hart

expedition yacht Ulysses

The Kleven built Expedition yacht Ulysses

super yacht Ulysses

The previous Expedition yacht Ulysses was sold early 2014

yacht Ulysses

The yacht carries a lot of toys


Follow the position of the yacht Ulysses live!