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Grizzly Bulls’ Billionaires Index

⬅ # 225 Johnny Morris|# 227 Viatcheslav Kantor ➡

# 226 Graeme Hart 

$10.2B

Real Time Net Worth
as of 7/25/2024
$116.3M (1.15%)

# 226 Graeme Hart 

$10.2B

Real Time Net Worth
as of 7/25/2024
$116.3M (1.15%)
OccupationOwner, Rank Group
Source of WealthPackaging
Age69
ResidenceAuckland, New Zealand
Marital StatusMarried
Children2
Age-Adjusted Net Worth$5.52B
Graeme Hart
Graeme Hart
New Zealand
Net worth: $10.2B

Self-Made Score 

Wealth History

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Biography

Career

Born in 1955, Graeme Richard Hart is a New Zealand billionaire businessman, known for his strategic approach to leveraged buyouts (LBO) in the corporate world.
Hart's career highlights include acquiring the Government Printing Office in 1990 for less than its capital value, overcoming initial resistance from then Prime Minister David Lange.
He earned an MBA from the University of Otago in 1987, presenting a growth strategy for Rank Group Limited in his research thesis.
Notably, Hart's largest acquisition was the 2008 purchase of Alcoa's Packaging & Consumer group for US$2.7 billion, later rebranded as Reynolds Packaging Group.
Listing Pactiv Evergreen (formerly Reynolds Group Holdings) on Nasdaq in September 2020 marked another milestone in his successful career.

Entrepreneurial Strategy

Hart's entrepreneurial strategy involves leveraging buyouts of underperforming companies with steady cash flows, focusing on cash management, cost-cutting, and strategic restructuring.
Since his 2006 purchase of Carter Holt Harvey, Hart has concentrated his acquisitions on the paper packaging sector.

Major Acquisitions and Current Interests

Key acquisitions under Hart's portfolio include the Government Printing Office (1990), Alcoa's Packaging & Consumer group (2008), and the listing of Pactiv Evergreen in 2020.
His current interests include Rank Group, Burns Philp, Carter Holt Harvey, and Reynolds Packaging Group.
Rank Group, Hart's private investment company, owns Reynolds Consumer Products, Burns Philp, and Carter Holt Harvey, with diverse assets and substantial cash reserves.

Yachts

Graeme Hart's lifestyle includes a passion for luxury yachts, reflecting his success in the business world.
In 2006, he launched the 58-meter luxury motor yacht 'Ulysses' at Auckland's Viaduct Harbour, valued at nearly $100 million.
A second yacht, a 107-meter 'expedition yacht' formerly named Ulysses, was completed in September 2014 at the Kleven Verft shipyard in Norway.
In 2017, reports emerged that he purchased a new 116-meter explorer yacht, also named 'Ulysses,' following the sale of his previous 107-meter yacht.
Hart's yachts are known for their opulence, featuring amenities such as helicopter decks, hangars, and accommodations for up to 60 people.

Philanthropy

Beyond his corporate ventures, Graeme Hart leads a private and low-profile lifestyle, with multiple residences in New Zealand, an island in Fiji, and properties in Aspen, Colorado, USA.
In 2018, Hart and his family made a generous $10 million donation to the University of Otago for a dental teaching facility in South Auckland.
His philanthropic efforts extended to humanitarian aid in February 2022 when he donated tractors, fishing boats, and breakfast supplies to Tonga after the 2022 Hunga Tonga–Hunga Ha'apai eruption and tsunami.

How long would it take you to become as rich as Graeme Hart?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Graeme Hart's net worth of $10.2B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Graeme Hart is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Graeme Hart, Packaging is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey