{"id":478154,"date":"2026-06-15T09:31:09","date_gmt":"2026-06-15T09:31:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/478154\/"},"modified":"2026-06-15T09:31:09","modified_gmt":"2026-06-15T09:31:09","slug":"nick-mowbray-reveals-mindset-that-built-20b-zuru-fortune","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/478154\/","title":{"rendered":"Nick Mowbray reveals mindset that built $20b Zuru fortune"},"content":{"rendered":"<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">He said the achievements of Zuru and Rocket Lab showed New Zealand was capable of producing globally competitive companies that could \u201cdeliver prosperity\u201d while <a href=\"https:\/\/www.nzherald.co.nz\/business\/personal-finance\/investment\/giga-yachts-golden-visas-and-the-gilded-age-the-startling-escalation-of-kiwi-wealth\/premium\/E4LNCUWS4JEGHLAUANQKLM4QUQ\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/personal-finance\/investment\/giga-yachts-golden-visas-and-the-gilded-age-the-startling-escalation-of-kiwi-wealth\/premium\/E4LNCUWS4JEGHLAUANQKLM4QUQ\/\">\u201cincreasing living standards for people\u201d<\/a>.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">Mowbray described the family\u2019s estimated fortune as a \u201cscorecard\u201d for Zuru\u2019s success rather than a goal in itself.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">\u201cWhat really matters to us is the execution that delivers on that number,\u201d he said.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">\u201cFrom our side, that means competing on a global scale, in our case with companies like Procter and Gamble, Kimberly Clark, Mattel, Lego \u2013 competing with them on their home turf and winning.\u201d<\/p>\n<p><img  alt=\"Zuru co-founder and CEO Nick Mowbray.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Zuru co-founder and CEO Nick Mowbray.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">Mowbray also criticised Green Party policies which he felt created a \u201creliance on the state\u201d and a \u201cfixation that the pie is set\u201d.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">\u201cAll that does is [it] drives out ambitious people, drives out capital, and effectively just shrinks the overall pie,\u201d he said.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">\u201cI think it\u2019s just creating a culture of ambition and knowing that we can go out on a world stage and and win.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">\u201cZuru proves that we continue to do it in multiple different verticals.\u201d<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">The number of billionaires on this year\u2019s NBR Rich List rose from 18 to 26.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">The combined wealth of the country\u2019s 150 richest individuals, families and duos increased to $129b, up from $102b last year.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">Mowbray and his brother Mat retained the top spot, while packaging magnate Graeme Hart remained second on $14.1b. <\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">Rocket Lab founder Sir Peter Beck was the biggest mover, jumping 30 places to third after his estimated wealth surged from $650 million to $11 billion.<\/p>\n<p class=\"PExwGCGfAPLnCMYI\" style=\"display:none\">The list welcomed 19 newcomers worth a combined $10.22b, including NBA player Steven Adams, while film-maker James Cameron was the wealthiest new entrant with an estimated fortune of $1.6b.<\/p>\n","protected":false},"excerpt":{"rendered":"He said the achievements of Zuru and Rocket Lab showed New Zealand was capable of producing globally competitive&hellip;\n","protected":false},"author":2,"featured_media":478155,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84426,4057,29385,74185,674,6658,81346,13634,9086,26097,111,43,139,6933,69,1517,17445,3168,1361,6923,2963,1525],"class_list":["post-478154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-20b","tag-behind","tag-believes","tag-billiondollar","tag-building","tag-built","tag-fortune","tag-ingredient","tag-mindset","tag-mowbray","tag-new-zealand","tag-news","tag-newzealand","tag-nick","tag-nz","tag-reveals","tag-richest","tag-shared","tag-that","tag-what","tag-zealands","tag-zuru"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/478154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=478154"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/478154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/478155"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=478154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=478154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=478154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}