Reclusive Kiwi tycoon unwraps packaging ambitions with US deal


WELLINGTON, New Zealand: The reclusive New Zealand billionaire buying the U.S. maker of Hefty brand trash bags to create the world's second-biggest packaging business started out as a tow truck driver and bounced back from the brink of bankruptcy more than a decade ago to become his country's richest person.

After dropping out of high school at age 16, Graeme Hart now has a fortune estimated at $4 billion by New Zealand's "National Business Review" rich list and holds spot No. 144 on Forbes magazine's list of the world's wealthiest people.

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