Best of BusinessDesk: The ultra-high net worth investor spending big down under

Best of BusinessDesk: The ultra-high net worth investor spending big down under
Hans Albrecht with wife Ursula visits Waiheke's Man O'War winery. (Image: Hans Albrecht)
Victoria Young
This story by Victoria Young, originally published in May, about Hans Albrecht arriving in New Zealand was a popular read this year. Mega-rich investor Hans Albrecht arrived in New Zealand quite by accident. In 2020, the businessman, who founded the Carlyle Group in Europe, was meant to visit Australia to sail his classic yacht, the Nordwind. However, a few days before he was to leave, it was discovered his other boat was too long to dock in Sydney. So, he decided to visit Great Barrier Island instead. Shortly after, Aotearoa went int...

More Economy

Storms clouds are gathering for the economy
Economy

Storms clouds are gathering for the economy

March-quarter GDP lifted 0.8% on quarter.

Rebecca Howard 19 Jun 2025
Treasury expects growth in 2025 despite weak May data
Economy

Treasury expects growth in 2025 despite weak May data

Treasury is forecasting the GDP will grow 0.4% in 1Q with upside risk.

Rebecca Howard 18 Jun 2025
Modest rise in consumer confidence
Economy

Modest rise in consumer confidence

Consumer confidence continues to tread water, but households could soon receive a back-pocket boost of hundreds of dollars, says a Westpac economist.The Westpac McDermott Miller Consumer Confidence index rose two points to 91.2 in the June quarter.Westpac senior economist Satish...

Staff reporters 18 Jun 2025
Stats NZ to ditch paper-based Census from 2030
Economy

Stats NZ to ditch paper-based Census from 2030

Successive Censuses have been beset with issues, says minister.

Rebecca Howard 18 Jun 2025