Representing the 500 or so descendants of the former eastern Māori MP Wi Pere, the trust generates above-average returns from 7000 hectares of hill country and a relatively small 79ha horticulture unit.
Peter Hutson says: ‘Anyone starting out should understand that it takes sacrifice, endurance, and belief in your vision, beyond what most people are prepared to do.’
The Gough family has split the six grandchildren of Gough Group founder Tracy into two arms: Ben and Gina; and Antony, the late Avenal, Harcourt and Tracy.
Eyal Aharoni’s business philosophy is to take the long view: ‘We are long-term property holders and are not interested in projects that must be sold before the value drops.’
The family’s private equity firm Christopher & Banks donated $100,000 to the National Party in 2022 and an additional $100,000 to Act last year.
When it comes to succession, Bill Birnie says Sir Owen Glenn feels he now has the correct blend of people with appropriate skills in various countries to carry on his legacy.
Following his retirement, Sir Patrick was replaced as company chair by younger brother Bernard; third-generation family members Shane and Grant Higgins look after day-to-day operations.
Sir Peter Beck told NBR proceeds from recent sale of nearly $38m of shares were ‘intended to be used for estate planning purposes and to capitalise a family charitable foundation trust’.
Craig Heatley served on the board of the Antarctic Research Foundation and has contributed to various causes including Auckland City Mission, Gifted Kids programme, and First Tee – teaching life skills to children.
While most of Sam Morgan’s Jasmine Social Investments’ money has gone into Africa and South Asia, more than $500,000 was given away to local charitable projects in the 2024 financial year.
