Spare a thought for Graeme Hart.
He might have an estimated fortune pushing $6 billion, a handful of super yachts and vast property portfolio - but he also might have legitimate grounds to gripe to the Auckland Council.
While residents have been up in arms over rate rises stemming from the amalgamated super-city, Hart, who owns a $30 million clifftop mansion in Glendowie, pays the largest annual residential rates bill in the city, and most likely the country.
The council has moved to a single rating system based on capital value which mayor Len Brown said was an "inescapable consequence" of the Government's decision to merge the old council.
Starting next year Auckland residents will have to pay an extra $14 to $15 million a year to cover the gradual decrease in business rates being implemented by the council.
"Because of that," Brown said, "some people's rates will go up and some will go down."
Hart's go up. He bought the Riddell Rd property in 1995 for $2 million - it's now worth at least 10 times that amount.
The bill for his 2.0058 ha property is $63,320.47 - more than most people earn in a year.
Hart is a former tow-truck driver who went on to gain an MBA and build his fortune with a series of audacious leveraged buyouts, using them to create a global beverage packaging empire.
Compare to Hart's bill real estate broker Rico Zhao's latest sale. With a value of $115,000, the one bedroom, one bathroom flat in the central business district has a bill of $765.37 - one of the cheapest around.
- © Fairfax NZ News
Do you wear a lifejacket when you are on the water - no matter what vessel you are in?