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The article provides information on the richest and most affluent people residing in Auckland, New Zealand. Graeme Hart was a tow truck driver-turned entrepreneur and is considered to be a classic rags-to-riches fable. Michael Friedlander is the leading landlord in the city. Stephen Tindall is the founder of The Warehouse and is worth 400 million dollars.

The article presents the author's views on the changing housing trends of Auckland's New Zealand, wealthy citizens. Former Auckland mayor Christine Fletcher, a Mount Eden resident with second homes at Cooks Beach and Wanaka, says the wealthy are more inclined to invest heavily in a second home. Bayleys Real Estate's top residential agent, Remuera-based David Rainbow says that some people are happier to maintain an apartment in Auckland in return for having the weekend mansion by the water.

The article presents information on the 13 wealthiest resident of Auckland, New Zealand. Each of them is worth comfortably in excess of $200 million. Graeme Hart, 50, is in a class of his own, not just for being the wealthiest New Zealander (worth at least $3.5 billion), but for unlocking shareholder value in companies he takes over. Mark Hotchin half-owns Hanover Group, the financial services company with Eric Watson. Hanover earned a profit of more than $100 million, buoyed by a strong finance market and sharp increases in property prices. He is the second wealthiest man.

This article focuses on the rich and wealthy citizens of Auckland who are part of the elite $150 million plus club. Financier and property owner Mark Hotchin, comes close to making Auckland's top-10 wealth list, with an estimated minimum wealth close to $150 million. Hanover Group, the finance company Hotchin half-owns with Eric Watson, has continued to perform well, taking business from the high street banks. He is now reported to be branching into insurance. Property developer Ted Manson, has been carried along by the property boom and his company is debt free. Manson Developments' current major project — part of around $250 million of development work on the books — is a 29-storey tower on the former Northern Roller Mills site, Shortland Street, in the heart of Auckland's central business district. INSET: Australia's Richest.