So few rich in NZ , NBR includes foreigners

 NZ Herald

The NBR Rich List has been released and it has proven that Labour has been incredibly misguided in attacking the rich in New Zealand. It seems there are so few that NBR has deemed it necessary to include foreigners.

The inclusion of four international billionaires in this year’s NBR Rich List has helped bump up the total list’s value by more than $12 billion.

For the first time in its history, the National Business Review has included foreign investors in its rich list to reflect the globalisation of wealth, bringing the number of billionaires on the list to nine.

Graham Hart, who is worth $6 billion, is still the wealthiest New Zealander on the list but he was beaten to the top spot by industrial technologist Alexander Abramov ($7 billion).

Other internationals in the top ten are investor Julian Robertson ($3 billion), winemaker William (Bill) Foley ($1.5 billion) and horse breederDowager Duchess Henrietta Bedford ($1 billion).

The total value of the Rich List has risen this year from $45.2 billion to $57.7 billion.

Although placed just outside the top ten, Canadian filmmaker James Cameron also entered the list with his $900 million fortune.

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