Graeme Hart
Auckland, New Zealand
New Zealand
investments, Self Made
$9,700,000,000
158
#158 Billionaires 2019
New Zealand's perennial richest person, Graeme Hart amassed a packaging empire using leveraged buyouts.Hart's holdings make everyday products like milk cartons, water bottles, paper and aluminum foil. Since 2013, his Rank Group has been selling off subsidiaries in an apparent move to pay down its debts. In March 2015 his Reynolds Group Holdings, best known for its aluminum foil Reynolds Wrap, closed the $4.1 billion sale of its subsidiary SIG.SIG is the maker of cartons for beverage brands including V8, Ocean Spray, Dole, and others.
Hart dropped out of school at age 16 and reportedly once worked as a truck driver.
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