Canterbury Uni graduate makes Forbes Billionaires list

Charles Gibbon. Photo: Shearwater
Charles Gibbon. Photo: Shearwater
New Zealanders have made a token appearance on this year's just-released Forbes Billionaires list.

A new entrant to the rich list is Australian-based businessman Charles Gibbon, ranked 2601, with $1.1b. Educated at Canterbury University, Gibbon worked in the UK and Australia in investment banking, but his $1.1b worth came from an investment in Australian software firm, Wise Tech, which he chaired and has remained a director.

Gibbon holds a Bachelor of Science in Mathematics from Otago University and a Master of Commerce (Hons) from the University of Canterbury. 

With more than 20 years of experience in institutional funds management, Gibbon was a member of the Investment Committee of Quadrant Capital Funds I, II and III for Quadrant Private Equity, and has served as the CEO of Russell Private Equity and CEO of Risk Averse Money Managers Pty Ltd, as a director of Morgan Grenfell Australia, and as an associate director of Schroders Australia.

Graeme Hart, as usual, stands out by far as the richest New Zealander, with an estimated US$10.6 billion (NZ$17.7b) from his large packaging interests.

The publicity-shy Hart is ranked 1152 on the list and has long held the title of New Zealand's richest man. His back story includes his rise from tow truck driver to billionaire through a series of debt-funded corporate deals.

Last year, Hart took delivery of a 102-metre super yacht, Ulysses, fitted out with a hangar, helipad and glass stairway.

Trailing nearly a thousand places below him with US$2.9b is Richard Chandler, a Singapore-based Kiwi with interests in Indian business finance, Vietnamese healthcare, and an Israeli electric plane maker.

The highest profile Kiwi billionaire is film-maker Sir Peter Jackson, who is ranked 2124, with an estimated $1.5b. He started with box office takings from the Hobbit and Lord of the Rings trilogies and was topped up with the $1.6b sale of Weta Digital to US interests in 2021.

The 2024 Forbes Billionaires list top 10 (Credit: www.forbes.com)

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1

Bernard Arnault & family

$222.4 B

▶ $3.1 B | -1.36%

75

LVMH

France

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2

Jeff Bezos

$198.7 B

▶ $263 M | -0.13%

60

Amazon

United States

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3

Elon Musk

$190.2 B

▶ $4.8 B | -2.48%

52

Tesla, SpaceX

United States

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4

Mark Zuckerberg

$174.4 B

▶ $2.1 B | 1.21%

39

Facebook

United States

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5

Larry Ellison

$153.4 B

▶ $1.6 B | -1.04%

79

Oracle

United States

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6

Warren Buffett

$137.7 B

▶ $810 M | -0.59%

93

Berkshire Hathaway

United States

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7

Bill Gates

$130.7 B

▶ $569 M | -0.43%

68

Microsoft

United States

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8

Larry Page

$128.8 B

▶ $608 M | -0.47%

51

Google

United States

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9

Steve Ballmer

$124.7 B

▶ $742 M | -0.59%

68

Microsoft

United States

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10

Sergey Brin

$123.7 B

▶ $569 M | -0.46%

50

Google

United States

-Additional reporting Star News