Graeme Hart Net Worth

Publish date: 2024-03-18

Graeme Hart’s net worth is increased significantly. He’s now worth $9 Billion


Graeme Hart Wiki Biography

Graeme Richard Hart, born in 1955 in Auckland, New Zealand, is a self-made businessman well-known as a leveraged buyout private equity investor and the wealthiest individual in his homeland.

Ever wondered about Graeme Hart’s wealth? Sources estimate his net worth to be a staggering $9 billion. Hart has amassed his fortune primarily by acquiring underperforming companies with stable cash flows and turning them around through restructuring and strategic investment. As an active LBO, his net worth continues to grow.

Graeme Hart’s Net Worth: $9 Million

Graeme’s business journey began humbly – he worked as a truck driver and a panel beater after leaving Mount Roskill Grammar School at 16. However, in 1987, he obtained a Master’s Degree in Business Administration from the University of Otago. His thesis focused on using the cash flow of well-performing companies to fund the debt of struggling ones and increase the equity values of the initial investors, as in leveraged buyouts. His first major success was the acquisition of the Government Printing Office in 1990 for less than its capital value. In subsequent years, Hart continued to make lucrative deals and investments, steadily increasing his wealth. In 2006, he purchased Carter Holt Harvey and shifted his focus to the paper packaging sector.

Hart’s most significant purchase to date was in 2008, when he acquired Alcoa’s Packaging & Consumer group for $2.7 billion, later renaming it Reynolds Packaging Group. He achieved significant cost savings and profit gains for the company by restructuring and cutting over 20% of the workforce, mostly through plant closures. This major restructuring effort resulted in substantial returns on his initial investment within a year.

In contrast to most other LBOs, Hart prefers to retain the equity of the business for himself, ensuring that both the risk and the substantial rewards of investments remain with him. He does not directly manage the business and predominantly focuses on investments related to the recapitalization of companies. A testament to his competence and success, Forbes listed Graeme Hart as the 180th richest person in the world in its June 2015 edition.

Privately, Graeme is married to Robyn and they have two children. He maintains a low public profile but has a penchant for luxury. In 2006, he purchased a luxury motor yacht and owns various residences worldwide, including one in Ulstein, Norway. He also owns a Glendowie, New Zealand home that he bought for $2 million, its value having increased to over $30 million after extensive renovations. Additionally, he possesses a beach house on Waiheke Island and a $16 million estate in Aspen.



Net Worth$9 Billion
Date Of Birth1955
Place Of BirthAuckland, New Zealand,
ProfessionBusinessperson, Entrepreneur
NationalityNew Zealand
NicknamesGraeme Richard Hart



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