Todd Family

The Todd family began its rise to wealth with family leaders like Charles Todd. As an immigrant from Scotland, Charles Todd began a wood scoring company and a rural goods store in 1885. His ventures proved profitable and Charles Todd was able to start a car sales and maintenance company in 1929. Named after his son, the business started to import vehicles from abroad. Until the 1980s, the automotive industry would be the main source of the Todds' wealth.

Read also : The Richest People In New Zealand

 In 1934, the family created an automotive assembly plant within Petone. This plant used parts that were imported from the United States to create cars in New Zealand. By 1965, the Todd family's automotive business was selling more than 10,000 cars each year. In 1970, the family chose to buy Mitsubishi's New Zealand franchise. They later sold all of their automotive franchises and production lines back to Mitsubishi in 1987.

Later on, the family expanded into oil importing and the retail market. They started to purchase gas stations around the country and operated terminal services at four different ports. By 1954, the Todd family had signed prospecting agreements in New Zealand and formed a joint venture partnership with BP New Zealand. After the discovery of the Kapuni and Maui oil fields, the Todd family became the major supplier of oil and gas for New Zealand. 

todd family, richest people in new zealand

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)