Property investors trump NBR rich list 2006

The National Business Review Rich List 2006 published this month reveals property has been a major wealth-builder this year.Over 40 Rich List entrants made their fortunes in property development and most recorded increases in wealth over the past 12 months.

Thursday, July 27th 2006, 12:00AM

by The Landlord

New property developers on the list this year include Tauranga MP Bob 'the builder' Clarkson, who clocks in at $30 million.

Another property newcomer is Simon Henry, who enters the list at $70 million after building a strong commercial property portfolio in the country's main centres.

Other property identities marked a noticeable increase in their wealth, including Auckland Viaduct apartment developer Nigel McKenna, who was up from $75 million in 2005 to $100 million this year, and the Goodman family of Macquarie Goodman fame, who debut in the billionaires' club this year at $1.5 billion.

The National Business Review editor-in-chief Neville Gibson said the main centres of property investment were Auckland and Wellington, with Queenstown featuring for its lifestyle attractions.

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Property investors trump NBR rich list 2006

The National Business Review Rich List 2006 published this month reveals property has been a major wealth-builder this year.Over 40 Rich List entrants made their fortunes in property development and most recorded increases in wealth over the past 12 months.

Thursday, July 27th 2006, 12:00AM

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