Graeme Hart

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Graeme Richard Hart (born 6 June 1955) is a New Zealand billionaire businessman and is among the country's richest persons. As of June 2024, his net worth was estimated at NZD$12.1 billion. He was the first New Zealander to be worth NZD$10 billion, topping the NBR Rich List for 20 years. Much like other leveraged buyout (LBO) 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. Since his 2006 purchase of Carter Holt Harvey he has focused his acquisitions on the paper packaging sector. His largest acquisition to-date was for Alcoa's Packaging & Consumer group in 2008 for US$2.7 billion, later renamed Reynolds Packaging Group. He does not directly manage his businesses, and is focused mostly on the financing related to re-capitalisation of the companies. Forbes stated that Hart was the 274th richest person in...

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