For the 31st consecutive year, the National Business Review is announcing it’s rich list index of New Zealanders whose wealth comes from the transport, logistics, construction, agriculture and automotive sector.
The Goodman Family once again in seventh place on the list climbing from $1.35 billion in 2016 to $1.475 billion this year according to the NBR.
The Goodman Group controls commercial and industrial property assets including warehousing and offices for transport and logistics operators.
The Fulton family which has interests in civil construction company Fulton Hogan has a recorded wealth of $440 million for 2017, up $20m on 2016.
Former logistics entrepreneur, Sir Owen Glenn, had a valuation of $400 million in the 2016 index which remains unchanged in 2017.
The Manawatu-based Higgins family who sold their civil works business operation to Fletcher last year saw their wealth rise to $400 million in 2017 from $360 million previously.
Volkswagen commercial vehicle importer and retailer Sir Colin Giltrap, who presides over the Giltrap Group, has seen his wealth from $360 million last year to $370 for 2017.
The Christchurch-based Gough family which owns forestry, mining and construction equipment provider Gough Group, has a recorded wealth of $370 million up from $365 million in 2016.
The founder of global logistics operator Mainfreight, Bruce Plested, comes in with a net worth of $400 million up from $300 million in 2017.
For the second year in a row the Invercargill-based Richardson Family, which owns South Island based transport and logistics company HW Richardson Group, remains at $295 million on the index according to the NBR.
The Johnstone Family, who has a significant stake in Fulton Hogan, are again valued at $285 million by the NBR for the second consecutive year.
The Stevenson family (Stevenson Group) with interests in quarrying, road construction, and aggregate transport have also seen their wealth remain at $270 million for the second consecutive year.
The value of the Drinkrow family (Kaipara Limited) also remains at $265 for the second year in a row according to the NBR. The family business has transport interests along with commercial property, quarrying, and residential development.
The Waikato-based Gallager Family with interests in agribusiness and manufacturing has risen in wealth from $180 million in 2016 to $200 million this year.
The media-shy family of the late Peter Spencer have a net worth of $165 million according to NBR up from $150 million in the previous corresponding period.
The automotive business interests held by the late Peter Spencer’s family include distribution of Honda Motorcycles, Hyundai cars and trucks, Renault cars, and light commercial vehicles, and Isuzu Ute brands.
The Gibbons family who is the principal shareholders of the Colonial Motor Company (CMC) saw their wealth rise to $125 million in 2017, up from $120 million in the previous corresponding period.
The Colonial Motor Company distributes and retails Kenworth and DAF heavy trucks as well as New Holland, Kubota, and Case IH tractors and equipment.
Metropolitan truck and van rentals owner, and classic car collector Richard Balcombe-Langridge has seen his wealth increase to $100 million from $95 million in 2016.
The Fletcher family which has interests in Fletcher Building and Construction has seen its wealth increase to $95 million from $90 in the previous list according to the NBR.
