logo
Automotive families still feature in latest NBR rich list

Automotive families still feature in latest NBR rich list

NZ Autocar10-06-2025
Prominent New Zealand families with ties to dealerships and the automotive industry have once again featured in the National Business Review's 2025 Rich List, according to an Autotalk report.
The Todd family came in fourth overall with an estimated net worth of $3.5b. Although the family sold its Todd Motors business to Mitsubishi decades ago, its diversified portfolio now spans minerals, energy, property, and healthcare.
The Fukutaka family has played a key role in New Zealand's EV sector by providing early backing for Drive Electric. It remains in eighth position with a net worth of $1.6b.
Former Caterpillar dealership owners, the Christchurch-based Gough family, are 41st on the list with an estimated net worth of $550m.
The Giltrap family, synonymous with prestige automotive retail in New Zealand, now sits at 64th on the list. Their holdings are valued at $400m, down from $480m last year and a ranking of 41st.
The Maber family behind the Power Farming Group has grown into a multinational agricultural machinery business. It holds spot number 73rd with an estimated net worth of $350m, up slightly from $340m last year.
Outside of the automotive sector, and at the top of the 2025 NBR rich list are Zuru founders, Nick and Mat Mowbray. They retain their title as New Zealand's richest individuals with an estimated wealth of $20 billion, followed by packaging magnate Graeme Hart at $12.1 billion.
The NBR Rich List for 2025 includes 119 individuals and families with a combined wealth of $102.1b, up from $95.55b last year. Two women have made the rich list this year for the first time since 2019.
NBR Rich List editor, Hamish McNicol, commented 'The country's Rich Listers together employ thousands of people and generate billions of dollars of economic activity.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bugcrowd & Pretera partner to enhance security in Benelux
Bugcrowd & Pretera partner to enhance security in Benelux

Techday NZ

time13 minutes ago

  • Techday NZ

Bugcrowd & Pretera partner to enhance security in Benelux

Bugcrowd and Pretera have entered into a strategic collaboration aimed at providing scalable, continuous security testing solutions for high-risk sectors across Europe. Pretera, a Brussels-based offensive security firm, is Bugcrowd's first partner in the Benelux region and will now offer its enterprise clients managed bug bounty engagements and vulnerability disclosure programmes using Bugcrowd's platform. Expanded offering Pretera is known for specialising in manual-first red teaming, penetration testing, and adversary simulation services designed to expose complex vulnerabilities, particularly for clients in the finance, healthcare, critical infrastructure, and government sectors. With operations spanning Europe, the Middle East, and North America, the company has established a reputation for providing real-world attack simulations to strengthen clients' defences. The new partnership will see Pretera integrate Bugcrowd's global network of ethical hackers and crowdsourced security capabilities, supported by an AI-powered platform. This will enable continuous vulnerability testing beyond standard scheduled assessments. "We see bug bounties and VDPs as complementary to our manual penetration testing offering, allowing us to offer clients continuous security coverage beyond point-in-time assessments. By partnering with Bugcrowd, we combine our deep technical expertise with a trusted crowdsourced platform, addressing the growing demand for scalable, real-time vulnerability discovery and responsible disclosure," said Dardan Prebreza, Co-founder and Head of Security Services at Pretera. Hybrid security approach Under the terms of the collaboration, enterprises in the Benelux region will have access to a hybrid approach that combines Pretera's in-depth manual testing with Bugcrowd's continuous and scalable crowdsourced model. This approach is intended to help organisations respond more confidently to changing threat environments and new regulatory requirements. Bugcrowd executives noted the significance of increasing their reach via local partnerships in regions with heightened demands for security. The company said that the alliance with Pretera aligns with its global channel strategy to add specialist partners and meet local market needs. "Pretera brings outstanding technical depth and domain-specific knowledge in sectors where security failures are not an option. A local presence with an established partner is vital to expand and provide regional organizations multiple options for crowdsourced security. It provides additional resources to our current bug bounty customers in Benelux and expands our support for public sector clients," said Jacques Lopez, VP of Global Channel and Alliances at Bugcrowd. Broader sector benefits The new collaboration is intended to benefit organisations operating in sectors with stringent security demands, such as finance, healthcare, critical infrastructure, and the public sector. Through this partnership, clients will be able to leverage both real-world attack simulation and the scalability offered by Bugcrowd's network of security researchers. According to statements from both companies, the integration of Pretera's hands-on, deep-dive testing methodologies with Bugcrowd's platform offers a unified solution for ongoing vulnerability identification and responsible disclosure. This combination is designed to support organisational resilience across key industries in the region. Regional and global operations Pretera has been in operation since 2021, providing services such as network and application penetration testing, red teaming, social engineering, and cloud security assessments. Its client base includes enterprise and public sector organisations throughout Europe, North America, and the Middle East. Bugcrowd has been offering crowdsourced security testing since 2012, combining its technology platform with a large network of security researchers. The platform enables systematic assessment of vulnerabilities and provides scalability to match the needs of various industries.

Mercury Energy impresses as NZX 50 dips 0.3%
Mercury Energy impresses as NZX 50 dips 0.3%

NZ Herald

time8 hours ago

  • NZ Herald

Mercury Energy impresses as NZX 50 dips 0.3%

'Now the previous year was $877m, so it is down on the previous year, but it's ahead of expectations, and sharemarkets work on expectations.' Milky gains The a2 Milk Company had another good day, lifting 4.13% to $9.32 on volumes exceeding $24.5m in value traded. On Monday, alongside its annual result, a2 Milk told investors it had inked a long-awaited deal to purchase Yashili's NZ plant for $282m. It also sold its stake in Mataura Valley Milk to Open Country Dairy. Synlait Milk jumped 7.02% to 61 cents after it confirmed media reports that it was in discussions with 'a party' over its North Island assets. A report in The Australian overnight said Abbott Laboratories was believed to be in talks with the dual-listed milk producer to buy its Pōkeno factory south of Auckland. United States-based Abbott is a customer of Synlait's at the site. Solly said the stock had likely moved because the announcement shows a 'very credible operator' is interested in the business. 'That's confirmation that there is value in those assets,' he said. Although Synlait has dipped since trading above $1 in April, both it and a2 Milk are up over 40% in the year to date, while the NZX 50 has traded flat over the same period. The other main openly traded dairy security on the NZX, Fonterra Shareholders' Fund, lost 0.43% to $6.95. SkyCity halt and OCR Elsewhere on the exchange, SkyCity Entertainment Group went into a trading halt. The casino operator said it expected to make a 'material announcement' regarding a capital raise. It said 'no final decision' had been made around the raise, but a trading halt was needed to 'maintain an orderly market while SkyCity works to finalise the capital raise'. Infratil, which held its annual meeting in Auckland on Tuesday, slipped a modest 0.12% to $12.19. The market will be looking ahead towards the Reserve Bank of NZ's (RBNZ) monetary policy statement (MPS) announcement on Wednesday, Solly said. He said investors had more or less baked in another 25-point basis cut to forecasts, but they will be looking for tone and whether or not the RBNZ revised its terminal rate, which is currently set at 2.85%. Both Fletcher Building and Spark NZ will report on Wednesday. 'Both have the potential to be quite complicated results with lots of accounting changes,' Solly said. 'There's a little bit of focus on resetting dividends for Spark. That is going to be the big one.' Fletcher fell 3.07% to $2.23, while Spark lost 1.98% to end the day at $2.48.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store