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)
YachtUlysses


Who is Graeme Hart?

Hart is a New Zealand businessman. He was born in June 1955. He is married to Robyn Hart, they have 2 children. He is reported to be the richest person in Australasia. He is active in the packaging business.

He dropped out of grammar school to work at a car repair shop and tow-truck driver. He has an MBA from the University of Otago (based in Dunedin New Zealand).

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 packaging empire. The company owns SIG, which is a beverage packaging manufacturer based in Switzerland. It als 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 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.

Graeme Hart Net Worth

His net worth is US$ 8.6 billion. His is the richest man on the National Business Review Rich List. The National Business Review is a national New Zealand newspaper.

 

Graeme Hart Residence

Hart lives with his wife Robyn 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



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.