Otago Daily Times

The $12.8b men

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Auckland: Two New Zealanders own as much wealth as the nation’s poorest 30%, a new global report has revealed.

The nation’s richest man, Graeme Hart, has an estimated wealth of $9 billion, while Singaporeb­ased Richard Chandler holds around

$3.8 billion, giving them a combined wealth Oxfam says is the same as the bottom 30%.

The same research found the richest 1% own 20% of New Zealand’s wealth while 90% own less than half.

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