NBR Rich List 2018
How do you make a fortune in the wine industry? Start with an even larger fortune. That much-repeated sentiment doesn’t apply to all of the wine people who appeared on The National Business Review (NBR) annual Rich List 2018, although it may apply to some.
In some cases, such as the Spencer family, Skeggs family and Sir Graeme Avery, wine makes up a portion of their wealth. It should also be noted that the wealth calculation is difficult and may be flawed when trying to assess the worth of more private individuals or family trusts.In some cases, such as the Spencer family, Skeggs family and Sir Graeme Avery, wine makes up a portion of their wealth.
Someone made the comment that an increase in their share price by NZD $1 since the release of the NBR figures added NZD $100 million to the estimated wealth of Jim and Rosemari Delegat, which probably puts them in first place when you consider that the Man O’War represents a relatively small portion of the Spencer family’s assets (I assume). Peter Yealands is no longer a shareholder in Yealands Estate and there are rumours that Sileni Estate is negotiating a sale. Things change quickly in the wine industry.
Here is an extract from the list:
- NZD $1000 million Spencer family (Man O’War)
- NZD $620 million Jim and Rosemari Delegat (Delegats Wine Co)
- NZD $190 million Skeggs family (Akarua)
- NZD $170 million Sir George Fistonich (Villa Maria, etc)
- NZD $170 million Giesen family (Giesen Wines)
- NZD $160 million Sir Graeme Avery (Sileni Estate)
- NZD $120 million Marris family (Marisco Vineyards)
- NZD $115 million Peter Yealands (Yealands Estate)
- NZD $100 million Babich family (Babich Wines)