Finance

Meet the millennial margin traders. By Dan Brunskill

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Economy

Will Mainfreight's Bruce Plested be NZ's next billionaire?

Dan Brunskill
Thu, 12 Nov 2020

Dan Brunskill
Thu, 12 Nov 2020
Mainfreight founder Bruce Plested is on the cusp of joining New Zealand's tiny list of billionaires as the global logistics empire he built soars to new heights. Plested is within a hair's breadth of becoming a billionaire - on paper at least - from his Mainfreight stake alone when the shares hit an all-time high $60.10 yesterday, valuing the 16.2 million shares he directly owns or oversees as a trustee at $974.7 million.The shares were trading this morning at $59.30 for a valuation of $960.55 million for Plested's stake.Feted...

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