Born in 1955 in New Zealand, Graeme Hart currently lives in Auckland. According to Forbes, he is currently the richest individual in New Zealand and possesses a total net worth of $5.3 billion. In addition, the New Zealand Listener selected Graeme Hart as the 29th most powerful individual in New Zealand. Despite his wealth and power, he tends to stay out of the spotlight and seldom appears for the media.
Read also : The Richest People In New Zealand
Much of Graeme Hart's net worth was earned through leveraged buyouts. He essentially looks for companies that are not performing up to their ability and purchases the business. Afterwards, he injects new capital into the company and restructures the business. With a better management team and cost efficient procedures, Hart helps to make each business economically profitable again. Once the company is profitable, Hart is able to reap the rewards.
Before he started working in leveraged buyouts, Graeme Hart received his master's of business administration from the University of Otago. Since 2006, Hart has focused on paper packaging due to his new ownership of Carter Holt Harvey. He is also the owner of Alcoa's packaging and consumer group. This latter purchase was completed in 2008 for the amount of US$2.7 billion.