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NZ’s richest pass $100 billion mark in latest rich list, while average Kiwis lose wealth
The NBR Rich List 2025 reveals a wealth surge for New Zealand's richest. Zuru Toys founders top the list with NZ$20 billion. The list now includes 18 billionaires. Despite economic challenges, rich individuals grew wealthier. Average household wealth declined. Newcomers added NZ$4.3 billion to the total. Anna Mowbray and Lucy Liu join the main list.
Retailers fear toy shortages at Christmas as tariffs freeze supply chain
President Trump's tariffs on Chinese goods are jeopardizing the upcoming Christmas season, as toy makers and retailers halt orders due to increased costs. With China producing the majority of toys and Christmas items, the tariffs are causing significant disruptions in the supply chain, potentially leading to product shortages and higher prices.
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