Ten with Otago links on Rich List

Ten business people with Otago connections have again ranked on this year's NBR Rich List - their fortunes totalling more than $1.57 billion.

The combined valuation of all homegrown Rich Listers has increased by $4.6 billion to $59.6 billion.

Many fortunes slipped in their overall rankings despite making gains in value The five smallest fortunes on the Rich List are $50 million each, all being ranked 190th equal.

Heading up the Otago list again is the Fulton family, ranked one place higher at 27th of 190 with an estimated wealth of $420 million, unchanged from last year.

Jeweller Sir Michael Hill is ranked one place lower at 48th, at $300 million, up $10 million from a year ago.

Ranked at 85th, compared with 73rd last year, is Dunedin's Skeggs family at $175 million, up $10 million on a year ago.

Ranked two places higher at 109th, Sir Eion Edgar and family have an estimated $130 million fortune, up $15 million from a year ago.

Ranked nine places lower at 120th this year and up $5 million to $120 million this year, is Arrow International founder Ron Anderson, who has specialised in construction and project management since founding the company in 1984, but is now retired.

Ranked eight places lower at 125th, Queenstown's Sir John Davies' wealth rose $5 million to $115 million this year.

Queenstown's Barry Thomas was ranked 135th, down from 130th last year, up $5 million to $100 million this year.

Ranked 147th again this year is Dunedin raised and educated Alistair Jeffery, his fortune rising by $5 million to $85 million this year.

Ranked 160th again this year are Dunedin brothers Sir Julian and Nick Smith, owners of the Otago Daily Times and numerous regional titles, their fortune being up $5 million to $75 million this year.

While only having joined the Rich List last year, former yachtsman and Dunedin educated Sir Russell Coutts dropped from 180th to 184th place, while his fortune rose by $5 million to $55 million this year.

More in tomorrow's ODT