Net Worth : $660 Million
Native to New Zealand, David Richwhite was born in 1948. For a long time, he had a partnership with Sir Michael Fay in Fay, Richwhite & Company. He initially attended the University of Otago and studied commerce. Over the 1980s and 1990s, he helped New Zealand to restructure their inquiry. Despite his work with the government, his company was the focus of the Winebox Inquiry. This inquisition targeted tax-haven and avoidance measures the company used to lower their tax costs. Due to the negative publicity surrounding this inquiry, significant ill-will remains between the public and Fay, Richwhite & Company.
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While Richwhite worked with Fay, Richwhite & Company, he oversaw the privatization of many state owned enterprises in the country. He worked to advise the government about asset sales and purchased assets like the Bank of New Zealand. In addition, his company co-invested in New Zealand Rail, oil exploration and Bell Atlantic. Outside of these projects, Richwhite funded the Manu Samoa Rugby Team and supported the Play It Strange Trust. Through this trust, Richwhite has worked to support the playing of ukuleles in schools. In addition, he has donated to the Salvation Army and the Women's Refuge. He is the current co-owner of Mercury Island. Since he took ownership, his wife has overseen the planting of more than 600,000 trees.