Stephen Jennings

Boasting of a net worth of $773 million, Stephen Jennings is one of the richest people in New Zealand. He developed a significant portion of his wealth due to his investments with the Russian company, Renaissance Capital. Stephen Jennings ultimately ended his connection with the company in order to pursue new markets in Africa. Interestingly, he pulled out of the African markets three months later and then disappeared from the world. 

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stephen jennings

Before he became a major investor in world markets, Stephen Jennings was a rugby player. He moved to Russia in 1992 when he was just 32 years old. As he developed his significant earnings, he developed a reputation for being a keen risk taker. At one point in time, he was known for being the richest person in New Zealand. He originally started Renaissance Capital with some Russian partners in 1995.

stephen jennings new zealand

He made $5 billion at this time, but his net worth dropped as Renaissance lost money. After he left Russia, rumors persisted that he was living in Nigeria after his exit from the company in 2012. Currently, Renaissance Capital is estimated to have assets worth just $221 million. In comparison, Stephen Jennings net worth is presently estimated to be at $773 million. 

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References:

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