1News on Nostr: NZ's richest siblings: Who's the new duo topping the Rich List? ========== Mat and ...
NZ's richest siblings: Who's the new duo topping the Rich List?
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Mat and Nick Mowbray have surpassed Graeme Hart to become the richest siblings in New Zealand, with an estimated combined net worth of $20 billion. They own Zuru, a toy, consumables, and potentially construction firm. Their sister, Anna, has left the business and started a new recruitment app called Zeil. The Mowbrays grew up near Cambridge and now own the former Kim Dotcom mansion in Coatesville, Auckland. They started their business by manufacturing toys in Guangzhou, China, and eventually secured a deal with Walmart. Zuru's revenue is expected to reach $3 billion this year, with a plan to grow to $10 billion within the next five years. Zuru is known for products such as Bunch O Balloons, Robo Fish, X-Shot guns, and Rainbocorns. The Mowbrays' success is attributed to their tenacity, efficient production, continuous innovation, and strategic engagement with big brands. Zuru has faced controversies, including a legal battle with Lego over trademark infringement and a court case against Glassdoor to reveal the identities of negative reviewers.
#NewZealand #RichList #Siblings #Zuru #Toys #Business
https://www.1news.co.nz/2024/06/10/nzs-richest-siblings-whos-the-new-duo-topping-the-rich-list/
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Mat and Nick Mowbray have surpassed Graeme Hart to become the richest siblings in New Zealand, with an estimated combined net worth of $20 billion. They own Zuru, a toy, consumables, and potentially construction firm. Their sister, Anna, has left the business and started a new recruitment app called Zeil. The Mowbrays grew up near Cambridge and now own the former Kim Dotcom mansion in Coatesville, Auckland. They started their business by manufacturing toys in Guangzhou, China, and eventually secured a deal with Walmart. Zuru's revenue is expected to reach $3 billion this year, with a plan to grow to $10 billion within the next five years. Zuru is known for products such as Bunch O Balloons, Robo Fish, X-Shot guns, and Rainbocorns. The Mowbrays' success is attributed to their tenacity, efficient production, continuous innovation, and strategic engagement with big brands. Zuru has faced controversies, including a legal battle with Lego over trademark infringement and a court case against Glassdoor to reveal the identities of negative reviewers.
#NewZealand #RichList #Siblings #Zuru #Toys #Business
https://www.1news.co.nz/2024/06/10/nzs-richest-siblings-whos-the-new-duo-topping-the-rich-list/