Latest news with #2025RichList
Scoop
10-06-2025
- Business
- Scoop
The 2025 NBR Rich List: Listers Crack $100 Billion, NBR Launches First Women's List
09 June New Zealand's leading wealth creators are now collectively worth more than $100 billion, the 2025 NBR Rich List reveals. The latest NBR Rich List, published today, profiles 119 Kiwi individuals and families who are building enterprises, growing the country's fortunes, creating jobs, and giving back. That includes a dozen Newcomers to the 2025 Rich List, collectively worth $4.3b. The addition of those Newcomers, as well as growth among some of the country's wealthiest, has pushed the total valuation of this year's Rich List to $102.1b, up from $95.55b last year. The Newcomers include names like Jamie Beaton – who becomes a Rich Lister after the company he co-founded, Crimson Education, was valued at more than $1b in a capital raise last November – alongside several families who have been operating and building enormously successful businesses for decades. Two women also feature in our Newcomers this year, becoming the only two women to feature on the Rich List in their own right since 2019. They are Anna Mowbray, who has moved on from Zuru to build a wide-ranging portfolio of investments, and Lucy Liu, a New Zealand citizen whose company was valued at more than $10b in a capital raise just last month. Their success has been the catalyst for a new feature we've introduced as part of this year's coverage: the Women's List. Zuru founders Nick and Mat Mowbray, meanwhile, retain the top spot with a $20b valuation. Overall, New Zealand now also has 18 billionaires, up from 16 last year. 'The country's Rich Listers together employ thousands of people and generate billions of dollars of economic activity,' NBR Rich List editor Hamish McNicol says. 'The Rich List celebrates those individuals and families, telling in-depth stories of how they have built their enterprises, how they are tackling global economic volatility, and what they are investing back into their communities.' The Women's List The 2025 Rich List also sees the launch of the inaugural Women's List, which is a series of interviews and profiles with 14 of the country's leading, and most successful, businesswomen. We are not publishing assessments of their net worth, although generally estimate them to each be worth between at least $20m and $100m (Mowbray and Liu excluding). Each have built businesses which collectively have employed thousands and contributed greatly to the domestic economy: they are true wealth creators worthy of recognition and celebration alongside the Rich List. They also have different perspectives and each tell a story we believe invaluable to those looking for the keys to business success. That list includes the likes of Naomi Ballantyne, who built life insurer Partners Life into what she says is the country's first female-business to sell for $1b. There's also Carmen Vicelich, the founder of Valocity, a fintech that streamlines property valuation and real estate processes and is now used in more than 3500 cities around the world. 'We've got lots of families and couples on the Rich List but this year we have two female Newcomers in Anna Mowbray and Lucy Liu,' McNicol says. 'They, along with some encouragement from local women in business, prompted us to consider what we could do as part of our coverage to highlight the success of our leading businesswomen.' 'They've each built large and impressive businesses and share fascinating insights into the unique challenges they have faced in doing so.' Elevating NZ Inc The overall theme of the 2025 NBR Rich List, meanwhile, is Elevating NZ Inc. We asked each of the Rich Listers what one thing we could do to make New Zealand a better place for doing business. Several key themes emerged from the many responses we got. Overall, there is optimism about New Zealand's place in the world, particularly in the context of an increasingly volatile global environment. 'Opening the country up to more foreign investment and drastically improving the education system were the most common areas cited for change,' McNicol says. 'But there were some other really interesting ideas in there as well, particularly around things like tax and regulation.' 'They have no shortage of ideas.'
NZ Autocar
10-06-2025
- Automotive
- NZ Autocar
Automotive families still feature in latest NBR rich list
Prominent New Zealand families with ties to dealerships and the automotive industry have once again featured in the National Business Review's 2025 Rich List, according to an Autotalk report. The Todd family came in fourth overall with an estimated net worth of $3.5b. Although the family sold its Todd Motors business to Mitsubishi decades ago, its diversified portfolio now spans minerals, energy, property, and healthcare. The Fukutaka family has played a key role in New Zealand's EV sector by providing early backing for Drive Electric. It remains in eighth position with a net worth of $1.6b. Former Caterpillar dealership owners, the Christchurch-based Gough family, are 41st on the list with an estimated net worth of $550m. The Giltrap family, synonymous with prestige automotive retail in New Zealand, now sits at 64th on the list. Their holdings are valued at $400m, down from $480m last year and a ranking of 41st. The Maber family behind the Power Farming Group has grown into a multinational agricultural machinery business. It holds spot number 73rd with an estimated net worth of $350m, up slightly from $340m last year. Outside of the automotive sector, and at the top of the 2025 NBR rich list are Zuru founders, Nick and Mat Mowbray. They retain their title as New Zealand's richest individuals with an estimated wealth of $20 billion, followed by packaging magnate Graeme Hart at $12.1 billion. The NBR Rich List for 2025 includes 119 individuals and families with a combined wealth of $102.1b, up from $95.55b last year. Two women have made the rich list this year for the first time since 2019. NBR Rich List editor, Hamish McNicol, commented 'The country's Rich Listers together employ thousands of people and generate billions of dollars of economic activity.'
Scottish Sun
23-05-2025
- Business
- Scottish Sun
Who are Oliver & Alexander Kent-Brabham? Millionaire Marshmallow car insurance CEOs who began selling golf balls aged 12
BRIT twin entrepreneurs Oliver and Alexander Kent-Braham founded Marshmallow in their 20s and initially ran it using free wi-fi out of a Virgin Active gym. The pioneering fintech insurance company was valued at around £1.5 billion in 2025 — here's everything you need to know. 2 Oliver and Alexander Kent-Braham (right) and were featured in the 2025 Rich List Credit: Getty Who are the Kent-Braham twins? Oliver and Alexander Kent-Braham co-founded Marshmallow — a pioneering car insurance fintech company that has achieved unicorn status. Fintechs are companies that rely primarily on technology and cloud services to provide financial services, rather than physical locations. And in the context of venture capital and startups, "unicorn status" refers to a private company valued at over $1 billion. Oliver and Alexander were featured in the 2025 Rich List, ranking seventh on the 40 Under 40 list with an estimated wealth of £704 million. The brothers were the biggest insurance climbers on the list, highlighting their rapid rise among the UK's wealthiest youngsters. Selling golf balls at 12 Oliver and Alexander began their entrepreneurial journey early, selling golf balls they retrieved from a lake by the age of 12. Educated at Reed's School in Surrey, where they were talented tennis players — even representing Great Britain at under-16 level — the twins eventually shifted their focus from sports to technology and finance — particularly fintech. They identified a significant gap in the UK insurance market — the difficult "riskier" groups such as young drivers, or those with low credit scores, face when trying to get affordable car insurance. In 2017, Oliver and Alexander founded Marshmallow alongside chief technology officer (CTO) David Goaté and industry veteran Tim Holliday, who's now the CEO of the company, The company was initially run from the lobby of a Virgin Active gym, where their vision of using advanced data science and technology to offer fairer pricing and coverage came to life. In 2021, Oliver told the BBC: "We were all members of Virgin Active gym. It had wi-fi, coffee and a location on The Strand!" He added: "If we were going to start again we would look to raise capital sooner, because before you raise capital you don't have the confidence to take the next step. 2 Marshmallow car insurance billboard Credit: Marshmallow car insurance "It was literally Tim Holliday, David, Alexander and myself for nine months. Tim joined our company not taking a salary." Their next step was to raise capital to grow the business. Oliver said: "Venture capitalists hold the keys to starting new companies. "You have to have a mutual acquaintance to even speak to many funders and that needs to change," Marshmallow quickly grew, attracting over 100,000 users early on and expanding its team significantly. The company has gone on to raise substantial venture capital funding, including an $85 million (£63 million) Series B round in 2021, which valued it at $1.25 billion (930 million), before a $90 million (67 million) funding round in 2025 that nearly doubled its valuation to $2 billion (£1.5 billion). The Kent-Braham twins have become notable figures not only for their business success, but also for their role in promoting diversity and inclusion in the fintech and insurtech sectors, which have been often been viewed as traditionally conservative.
The Irish Sun
23-05-2025
- Business
- The Irish Sun
Who are Oliver & Alexander Kent-Brabham? Millionaire Marshmallow car insurance CEOs who began selling golf balls aged 12
BRIT twin entrepreneurs Oliver and Alexander Kent-Braham founded Marshmallow in their 20s and initially ran it using free wi-fi out of a Virgin Active gym. The pioneering fintech insurance company was valued at around £1.5 billion in 2025 — here's everything you need to know. Advertisement 2 Oliver and Alexander Kent-Braham (right) and were featured in the 2025 Rich List Credit: Getty Who are the Kent-Braham twins? Oliver and Alexander Kent-Braham co-founded Marshmallow — a pioneering car insurance fintech company that has achieved unicorn status. Fintechs are companies that rely primarily on technology and cloud services to provide financial services, rather than physical locations. And in the context of venture capital and startups, "unicorn status" refers to a private company valued at over $1 billion. Oliver and Alexander were featured in the 2025 Rich List, ranking seventh on the Advertisement read more UK news The brothers were the biggest insurance climbers on the list, highlighting their rapid rise among the Selling golf balls at 12 Oliver and Alexander began their entrepreneurial journey early, selling golf balls they retrieved from a lake by the age of 12. Educated at Reed's School in Surrey, where they were talented tennis players — even representing Great Britain at under-16 level — the twins eventually shifted their focus from sports to technology and finance — particularly fintech. They identified a significant gap in the UK insurance market — the difficult "riskier" groups such as young drivers, or those with low credit scores, face when trying to get affordable car insurance. Advertisement Most read in The Sun Exclusive In 2017, Oliver and Alexander founded Marshmallow alongside chief technology officer (CTO) David Goaté and industry veteran Tim Holliday, who's now the CEO of the company, The company was initially run from the lobby of a Virgin Active gym, where their vision of using advanced data science and technology to offer fairer pricing and coverage came to life. In 2021, Oliver told the BBC: "We were all members of Virgin Active gym. It had wi-fi, coffee and a location on The Strand!" He added: "If we were going to start again we would look to raise capital sooner, because before you raise capital you don't have the confidence to take the next step. Advertisement 2 Marshmallow car insurance billboard Credit: Marshmallow car insurance "It was literally Tim Holliday, David, Alexander and myself for nine months. Tim joined our company not taking a salary." Their next step was to raise capital to grow the business. Oliver said: "Venture capitalists hold the keys to starting new companies. Advertisement "You have to have a mutual acquaintance to even speak to many funders and that needs to change," Marshmallow quickly grew, attracting over 100,000 users early on and expanding its team significantly. The company has gone on to raise substantial venture capital funding, including an $85 million (£63 million) Series B round in 2021, which valued it at $1.25 billion (930 million), before a $90 million (67 million) funding round in 2025 that nearly doubled its valuation to $2 billion (£1.5 billion). The Kent-Braham twins have become notable figures not only for their business success, but also for their role in promoting diversity and inclusion in the fintech and insurtech sectors, which have been often been viewed as traditionally conservative. Advertisement
Time of India
16-05-2025
- Business
- Time of India
David Beckham's net worth will shock you; here's how wealthy he is and how he continues to earn so much money even after retiring from football
David Beckhams' Net Worth Hits £500 Million Amid Rich List Rise and Family Rift- The Beckhams' net worth has officially hit an eye-watering £500 million, according to the 2025 Sunday Times Rich List , placing the celebrity power couple among Britain's wealthiest names. Despite personal challenges—most notably their ongoing feud with eldest son Brooklyn Beckham and daughter-in-law Nicola Peltz—David and Victoria Beckham's finances are booming. Their wealth has jumped by £45 million since 2024, boosting their rank to 273rd out of 350, up 24 places from last year. The Sunday Times , which has tracked the richest people in Britain for nearly four decades, published its 2025 list in a special 76-page edition released Friday. How did David and Victoria Beckham build such massive wealth? David Beckham, 50, and Victoria, 51, have spent decades building their empire. David's earnings have gone far beyond football. Since retiring, he's stayed in the spotlight through brand endorsements, investments, and his co-ownership of Inter Miami CF. His deals with major global names—Adidas, Haig Club whisky, Armani, BOSS, and Maserati—have helped maintain his place as Britain's richest sports star. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Victoria Beckham has also carved out her own path with her high-end fashion label. Celebrities like Kim Kardashian, Gwyneth Paltrow, and Eva Longoria are often spotted wearing her designs, keeping her brand in demand. Despite past financial hurdles, her label has grown stronger and now plays a key role in the couple's earnings. What does the Beckham net worth reveal about celebrity wealth in 2025? According to the Sunday Times , the Beckhams are now just £140 million behind King Charles III, who sits at £640 million. Their £500 million fortune places them ahead of many long-standing British celebrities. Live Events However, the 2025 Rich List shows a wider trend: the number of billionaires in the UK has dropped. This year, there are only 156 billionaires, compared to 165 in 2024—the biggest drop in the list's 37-year history. 'Our billionaire count is down and the combined wealth of those who feature in our research is falling,' said Robert Watts, who compiles the Rich List. 'We are also finding fewer of the world's super rich are coming to live in the UK.' Are family tensions affecting the Beckham brand? While the Beckhams' financial success is unquestionable, their family tensions are gaining almost as much attention. David and Victoria were reportedly 'heartbroken' when Brooklyn and Nicola skipped David's recent 50th birthday bash at their Cotswolds estate. What's adding fuel to the fire is Brooklyn's growing bond with Prince Harry and Meghan Markle—former friends of the Beckhams with whom they reportedly fell out after a row over leaked stories. Sources told The Sun that the Beckhams felt 'blindsided' by Brooklyn and Nicola's newfound friendship with the Sussexes. According to insiders, Brooklyn and Nicola were recently invited to dinner at Harry and Meghan's Montecito mansion, where the women shared personal stories and bonded over public scrutiny and family challenges. How far back does the Beckham family feud go? David's fears reportedly go deeper than just missed parties. He's said to be 'desperate to make amends' with Brooklyn because he worries history is repeating itself—mirroring his own fallout with his father Ted Beckham back in 2005. While the details of the current rift remain mostly private, it's clear that tensions have been brewing for some time. The last public photo of Brooklyn and Nicola with the Beckham family is now months old. Since then, they've been notably absent from major family events. Who else made headlines on the 2025 Sunday Times Rich List? The Rich List isn't just about long-standing figures like the Beckhams. Rising stars also made their mark this year. Dua Lipa, 29, became the youngest person on the 40 Under 40 section with an estimated £115 million. Ed Sheeran, 34, leads the list of richest musicians under 40, boasting a fortune of £370 million—a £30 million jump from 2024. Another surprise entry: reality TV star Georgia Toffolo, 30, lands at No. 12 on the 40 Under 40 list thanks to a combined fortune of £425 million with husband and BrewDog co-founder James Watt. Can the Beckhams repair their family bond while growing their fortune? Despite skyrocketing wealth and public success, the Beckham family is clearly facing private struggles. Their climb on the Rich List stands in stark contrast to the silence from Brooklyn and Nicola—absences and strained ties that fans have noticed. Still, David and Victoria remain two of the UK's most influential figures, not just in wealth but in pop culture history. Whether their family can find peace remains to be seen—but financially, they're at their strongest point ever. FAQs: Q1: What is David and Victoria Beckham's net worth in 2025? They're now worth an estimated £500 million. Q2: Why are the Beckhams feuding with Brooklyn and Nicola? The family tension stems from missed events and new alliances.
