GRAEME HART • Net Worth $9 billion • House • Yacht • Private Jet • Rank Group

Name:Graeme Hart
Net Worth:$ 9 billion
Source of Wealth:Rank Group
Born:June 6, 1955
Country:New Zealand
Wife:Robyn Hart
Children:Gretchen Hawkesby, Harry Hart
Residence:Hauraki Gulf, Auckland, New Zealand
Private Jet:Gulfstream G650ER (N66ZG)

Who is Graeme Hart?

Graeme Hart is a successful New Zealand businessman, born in June 1955. He is married to Robyn Hart and they have two children. Hart is considered the richest person in Australasia and is well-known for his involvement in the packaging business.

Key Takeaways:

  • Graeme Hart, born in June 1955, is a highly successful New Zealand businessman and the richest person in Australasia.
  • He has a notable presence in the packaging industry, notably through his acquisition of Carter Holt Harvey.
  • Hart’s Reynolds Group Holdings Limited is a major player in the global packaging sector, owning several key companies.
  • He is known for his private investment company, Rank Group Ltd, and his strategic approach to managing his business empire.
  • Hart, who values privacy, lives in a luxurious cliff-top house valued at US$ 40 million and owns multiple private jets.
  • His net worth is $9 billion.
  • He is the owner of the yachts Ulysses (a brand new 103-meter Feadship), support vessel U-81, and Here Comes The Sun.

the 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.

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.

Carter Holt Harvey

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 US$ 2.7 billion, later renamed Reynolds Packaging Group.

Reynolds Group Holdings

His Reynolds Group Holdings Limited is the holding entity for the packaging empire. The company owns SIG, which is a beverage packaging manufacturer based in Switzerland. It also owns Closure Systems International, which is a plastic bottle cap manufacturer.

RGHL owns Evergreen Packaging. Which is a beverage packaging manufacturer. And it owns Reynolds Consumer Products. Which is an aluminum foil and other packaging materials manufacturer in Illinois.

Rank Group

He does not directly manage his businesses and is focused mostly on the financing related to the re-capitalization of the companies. Rank Group Ltd is Graeme Hart’s private investment company. Rank Group is the 100% owner of Burns Philp and Carter Holt Harvey.

US$ 3 Billion in Cash

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.

How Much is Graeme Hart Net Worth?

His net worth is $9 billion. He is the richest man on the National Business Review Rich List. The National Business Review is a national New Zealand newspaper.

Where does Graeme Hart live?

Hart lives with his wife Robyn Hart in an amazing cliff-top house on the Hauraki Gulf. The house is valued at US$ 40 million.

The house’ features include an indoor swimming pool, an outdoor swimming pool with pool/guest house, a tennis court an amazing views over Half Moon Bay and the Hauraki Gulf.

Private Jet

Hart owns at least two private jets: a Bombardier Global Express BD-700 with registration N18WZ and another BD-700 with registration N57LE.

Both jets are registered to a company named Felham Enterprises. We also found some information about a Boeing 737 BBJ with registration N451BJ.

Both his yachts and his two jets are registered to Felham Enterprises (Cayman) Ltd. Which can be linked to Hart.

In 2016 the N18WZ was replaced with a Gulfstream G650 with registration N946JB. A Gulfstream G650 has a list price of US$ 75 million. In 2018 this aircraft was sold again. She is now owned the EMS Group. EMS is the biggest pharmaceutical company in Brazil.

In 2018 Hart bought a new Gulfstream G650ER, the N66ZG.  ER stands for Extended Range.

If you know more about a current jet owned by Hart or his Rank Group, please do send us a message.

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Graeme Hart

Graeme Hart

Graeme and Robin Hart

Hart Residence

He is reportedly still the owner of the yacht Ulysses, although some of our sources claim he sold her to Yuri Milner. He also sold his previous yacht (now named Andromeda). to Milner.

Ulysses is a 116-meter expedition yacht built by Kleven and delivered to New Zealand-based billionaire Graeme Richard Hart. As the largest expedition yacht in the world, Ulysses has taken over the position previously held by Luna.

The Ulysses yacht is powered by two Caterpillar 3516C diesel engines that provide a top speed of 12 knots and a cruising speed of 10 knots. With an estimated range of over 8,000 nautical miles, Ulysses is capable of long-range cruising, making her ideal for exploring remote locations.

We can link the following yachts to Hart: the Amels Here Comes The Sun, the U81 support vessel, the CRN yacht Odyssey, and he is building a new Feadship superyacht in the Netherlands. She will be named ULYSSES.