ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Ultra-high net worth investor spends up big in NZ

Author
NZME,
Publish Date
Tue, 9 May 2023, 3:39pm
Hans Albrecht with wife Ursula visiting Waiheke's Man O'War winery. (Image: John Worth, Geo40)
Hans Albrecht with wife Ursula visiting Waiheke's Man O'War winery. (Image: John Worth, Geo40)

Ultra-high net worth investor spends up big in NZ

Author
NZME,
Publish Date
Tue, 9 May 2023, 3:39pm

Mega-rich investor Hans Albrecht arrived in New Zealand by accident but he has quickly found a home for some of his vast fortune, BusinessDesk reports.

The German founder of Carlyle Group in Europe was visiting Great Barrier Island in 2020 shortly before Aotearoa went into lockdown. After meeting Icehouse Ventures chief executive Robbie Paul and local private equity star Ross George of Direct Capital, Albrecht was introduced to other Kiwi investors such as Sir Stephen Tindall and Rocket Lab’s Peter Beck.

It wasn’t long before local start-ups caught his attention, including Geo40, a geothermal venture in Taupō that has recently started developing technology to recover sought-after lithium from underground.

All Albrecht says he’s invested more than $30m in the country, including several other start-ups and apartments in one of Auckland’s premier blocks.

Click here to read the full BusinessDesk story.

Take your Radio, Podcasts and Music with you