Mark Hotchin

Quick Facts

Full Name	Mark Hotchin
Occupation	Businessperson
Date Of Birth	Dec 25, 1958(1958-12-25)
Age	66
Birthplace	Auckland
Country	New Zealand
Birth City	Auckland Region
Horoscope	Capricorn

Mark Hotchin Biography

Mark Hotchin is one of the most popular and richest Businessperson who was born on December 25, 1958 in Auckland, Auckland Region, New Zealand.

Hotchin first bought and subdivided a house for profit in 1982 when he was 23 years old. He then did an increasing number of such subdivisions. In the 1990s, he bought Regency Court in the Auckland suburb of Saint Heliers for $6 million, selling it later for $10 million. He bought the successful taxi company Corporate Cabs, expanded it and sold it in 1999 to former Skellerup Group boss Murray Bolton. He bought Matarangi Beach Estates in 1995.

Hotchin and business partner Eric Watson bought Elders Finance in 1999. Elders, and a number of other finance companies, were brought together to create Hanover Group. With $650 million in assets, this was New Zealand’s third largest finance company at the time. In 2007, Forbes listed Hotchin and Watson as the 33rd and 34th richest people in New Zealand and Australia.

Mark Hotchin Net Worth

Mark Hotchin is one of the richest Businessperson from New Zealand. According to our analysis, Wikipedia, Forbes & Business Insider, Mark Hotchin 's net worth $5 Million. (Last Update: December 11, 2023)

Mark Stephen Hotchin (born 25 December 1958) is a New Zealand former property developer and financier. He was a director of the failed Hanover Group which owned a number of finance companies including Hanover Finance, United Finance, Nationwide Finance and FAI Finance.

Height, Weight & Body Measurements

Mark Hotchin height Not available right now. Eduardo weight Not Known & body measurements will update soon.

Who is Mark Hotchin Dating?

According to our records, Mark Hotchin is possibily single & has not been previously engaged. As of December 1, 2023, Mark Hotchin’s is not dating anyone.

Relationships Record : We have no records of past relationships for Mark Hotchin. You may help us to build the dating records for Mark Hotchin!

As a result of the continuing worsening global financial crisis in July 2008 Hanover Finance and United Finance froze repayments of NZ$554 million owed to 36,500 investors. After a vote over 85% of investors agreed to a debt repayment plan for the return of their capital over a 5-year time scale, predicated on the recovery of the New Zealand property market. Hotchin and Watson pledged a property, benefits and cash package worth up to $96m to investors as part of the deal. By November 2009 accountancy firm PwC estimated that the package had fallen in value to between $36 million and $56 million, due to a fall in property prices. Over the first year of the debt repayment plan, six cents in the dollar was repaid to investors, however the property market had continued to worsen and it appeared the company was heading for receivership.

Facts & Trivia

Eduardo Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in New Zealand. Mark Hotchin celebrates birthday on December 25 of every year.

Amongst the most controversial of his New Zealand assets is a still unfinished house on the upmarket Paritai Drive, in the Auckland suburb of Orakei. This house has been the target of much of the public’s ill-feeling towards Hotchin. In 2009, pizza company Hell Pizza set up a large billboard on a trailer outside the house to advertise pizza based on the seven deadly sins.

What did Mark hotchin do?

Mark Stephen Hotchin
Nationality| New Zealander
Occupation| Property developer
Known for| Founding finance company Hanover Finance and its high profile demise in 2010
Spouse(s)| Amanda

What happened to Hanover Finance?

Hanover Finance was a New Zealand non-bank finance company that focused on lending for high-risk property development that failed in 2010 under the leadership of Mark Hotchin. At the time of its failure it was the largest finance company in New Zealand.

Who is Deyi Shi?

Deyi Shi, known to his friends as Stone, is a New Zealand citizen who moved his family here from China 12 years ago. He will live in the mansion with his wife and two children, the younger of whom was born in this country.

Who owned Hanover Finance?

The ultimate parent of Hanover Finance is Hanover Group, which is owned by Hotchin and Watson. Hanover Finance owns 100 per cent of United Finance, which is also the subject of a debt restructuring proposal.

Whats the most expensive house in Auckland?

A grand home in Auckland’s Remuera is this year’s top sale, a new OneRoof study shows. The meticulously restored five-bedroom mansion on Victoria Avenue sold for $15.6 million in June, according to OneRoof records.