Read about Adrian Orr net worth, age, wife, children, height, family, parents, salary, and Reserve Bank of New Zealand as well as other information you need to know.
Introduction
Adrian Orr is a New Zealand economist and current Governor of the Reserve Bank of New Zealand.
Early life
| Name | Adrian Orr |
| Net Worth | $4 million |
| Occupation | Governor of the Reserve Bank |
| Age | 59 years |
| Height | 1.75m |
Adrian Orr was born in 1963 (age 59 years) in Taupō, New Zealand. Orr has Cook Island heritage through his grandfather No’oroa George, who moved to New Zealand in the 1930s. His father was of Irish descent and died when Orr was 13.
Orr had almost finished building a motel in Taupō at the time his father died. The family got help from his father’s workmates to complete the building, and then the family ran the motel during Orr’s secondary schooling. As a young man Orr worked in a range of jobs; working as a plumber, sewerage pipe layer, short order cook, dishwasher, and driving machinery for a local Taupō firm.
He has a Bachelor of Social Sciences (Economics and Geography) from the University of Waikato, and a master’s degree in development economics (with distinction) from the University of Leicester, England.
Career
Adrian Orr was chief manager of the Economics Department of the Reserve Bank of New Zealand from 1997 to 2000. He has worked as an economist at the OECD, the New Zealand Treasury, and was Chief Economist for the New Zealand National Bank and Westpac Bank (2000–2003).
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Orr was Deputy Governor and Head of Financial Stability at the Reserve Bank from 2003 to 2007. In 2007 Adrian Orr was appointed Chief Executive of the New Zealand Superannuation Fund (the NZ Super Fund). Adrian Orr said he enjoyed the job’s “beautiful mix of big, long-term, intergenerational challenges — and its hard-edge economics and finance.”
While Adrian Orr was Chief Executive there was a controversy in 2017 about the size of his salary (almost $1 million) and his annual pay increase of 36 per cent. Prime Minister Bill English and the State Services Commission objected to the increase, and English said the NZ Super Fund Board members who had approved the increase could lose their positions as a result. The board members’ position was that Orr’s salary was in line with the market.
Adrian Orr was appointed by Finance Minister Grant Robertson to be Governor in December 2017 (succeeding Graeme Wheeler, then acting Governor Grant Spencer). He started in the role in March 2018.
Robertson noted at the time of his appointment that the Government was reviewing the Reserve Bank Act, and Orr would be well placed to steer the Bank through the review. Before his appointment, the Government had signaled its intention to add maximizing employment to the Reserve Banks’s objectives in addition to its inflation target.
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Wife
Adrian Orr is married to his wife Sue Orr, they had their wedding in New Zealand. His wife is a novelist and they have three children together. He stands at an appealing height of 1.75m and has a good body weight which suits his personality. As of mid-2022, Adrian Orr and his wife Sue Orr are still married and living a happy life with each other.
Adrian Orr net worth
How much is Adrian Orr worth? Adrian Orr net worth is estimated at around $4 million. His main source of income is from his primary work as a governor of the reserve bank of New Zealand. Adrian Orr’s salary per month and other career earnings are over $300,000 dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential business executives in New Zealand.