Adrian Orr, the current Governor of the Reserve Bank of New Zealand, is a New Zealand economist. Adrian Orr hails from the dry world of economics and public sector finance, where discretion is valued. He has also been named the Pacific Islands businessman of the year.
In this article, we will discuss Adrian Orr’s net worth, career, and many other topics. So stick around till the end of the article.
As of November 2022, Adrian Orr has an estimated net worth of $4 million.
Adrian Orr’s Early Life
Orr is descended from No’oroa George, a Cook Islander who immigrated to New Zealand in the 1930s. Orr’s father was of Irish heritage and died when he was 13 years old.
Orr was born in Taupo and raised there. When his father died, he was nearly finished building a motel in Taupo. The family received assistance from his father’s coworkers to complete the structure, and the family ran the motel during Orr’s secondary school years.
Orr worked as a plumber, sewerage pipe layer, short order cook, dishwasher, and operating machinery for a local Taup enterprise as a young man.
He holds a Bachelor of Social Sciences (Economics and Geography) from the University of Waikato as well as a Master of Development Economics (with distinction) from the University of Leicester in England.
Let’s Have a Look Into Adrian Orr’s Career
He was the chief manager of the Reserve Bank of New Zealand‘s Economics Department from 1997 to 2000. He has been an economist at the OECD, the New Zealand Treasury, and the New Zealand National Bank and Westpac Bank (2000–2003).
Adrian Orr was the Reserve Bank’s Deputy Governor and Head of Financial Stability from 2003 until 2007. He was named Chief Executive of the New Zealand Superannuation Fund in 2007. (the NZ Super Fund). Orr praised the post for its “wonderful mix [of] enormous, long-term, multigenerational concerns — and its cutting-edge economics and finance.”
While he was CEO, there was a dispute in 2017 about the magnitude of his remuneration (almost $1 million) and his yearly pay increase of 36%.
The rise was opposed by Prime Minister Bill English and the State Services Commission, and English stated that NZ Super Fund Board members who accepted the increase could lose their seats as a result. The board members felt that Orr’s remuneration was competitive in the market.
Reserve Bank Governor
Orr was named Governor in December 2017 by Finance Minister Grant Robertson (succeeding Graeme Wheeler, then acting Governor Grant Spencer). He began in the position in March of 2018.
At the time of his appointment, Robertson mentioned that the government was reviewing the Reserve Bank Act, and that Orr would be well placed to guide the Bank through the process. Prior to his appointment, the government signalled its intention to add employment maximization to the Reserve Bank’s objectives, in addition to its inflation target.
What is the Net Worth of Adrian Orr?
According to Apumone, Adrian Orr‘s net worth is estimated to be in the $4 million range. His primary source of income comes from his position as governor of the Reserve Bank of New Zealand.
Adrian Orr‘s monthly salary and other career earnings total more than $300,000 USD each year. His extraordinary exploits have garnered him opulent living and extravagant vehicle journeys. He is one of New Zealand’s wealthiest and most powerful corporate executives.
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Adrian Orr is one of those guys who isn’t put off by the prospect of managing someone else’s money. Even the entire $31.4 billion. As CEO of the New Zealand Superannuation Fund, he is responsible for this responsibility.
Frequently Asked Questions
Who is Adrian Orr’s Wife?
Adrian Orr is the husband of novelist Sue Orr and the father of three children.
What is Adrian Orr’s Height?
Adrian Orr stands 1.75m tall.