Graeme Richard Hart was born on 1955 and is a New Zealand billionaire businessman and is among the country's richest persons.
22 Facts About Graeme Hart
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Graeme Hart was the first New Zealander to be worth NZD$10 billion.
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Much like other leveraged buyout private equity investors, Hart has a preference for buying underperforming and undervalued companies with steady cash flows which can be turned around through better cash management, cost-cutting and restructuring with other businesses.
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Forbes stated that Graeme Hart was the 274th richest person in the world as of March 2022.
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In 2022, Graeme Hart was inducted into the New Zealand Business Hall of Fame.
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In 1987, Graeme Hart completed an MBA from the University of Otago.
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Graeme Hart gained a big break when he purchased the Government Printing Office for less than its capital value in 1990.
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The purchase was 1.4x earnings and Graeme Hart was provided generous payment terms.
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Graeme Hart has been the chairman since September 2004 and a member of the board of directors since September 1997.
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In December 2006, Graeme Hart completed a AU$1.6 billion takeover of the 42 per cent of Burns Philp he did not already own.
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In 2006 Graeme Hart paid NZ$3.3 billion for Carter Holt Harvey, a New Zealand timber and paper business.
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Graeme Hart has sold CHH's head office property, various sawmills and packaging plants for over NZ$300 million.
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Graeme Hart had been seeking a purchaser for the packaging side of CHH since October 2010.
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Graeme Hart spun off the company and renamed it Reynolds Packaging Group, which is headquartered in Lake Forest, Illinois, USA.
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Graeme Hart has multiple residences in New Zealand, including in Auckland, Queenstown, and Waiheke Island.
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Graeme Hart owns an island in Fiji, as well as two properties in Aspen, Colorado in the US.
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Graeme Hart says he lacks interest in making money for its own sake.
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Graeme Hart describes his personal wealth as a "by-product" of what he does.
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Graeme Hart has a new 107-metre long yacht under construction at Kleven Verft in the community of Ulstein in Norway.
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In December 2018, the Graeme Hart Family made a $10 million donation to the University of Otago to go towards opening their $28.2 million dental teaching facility in South Auckland.
21.
Graeme Hart donated over $58,000 to the mayoral campaign of Wayne Brown in the 2022 local body elections.
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Graeme Hart has made donations to the New Zealand First and ACT parties.