Read the complete write-up of Nick Mowbray net worth, age, height, wiki, family, wife, parents as well as other information you need to know.
Nick Mowbray is a New Zealand entrepreneur and businessperson. He is the co-founder of toy and consumer products manufacturer ZURU Together with his brother Matt,
|Net Worth||$1.2 billion|
Nick Mowbray was born on July 23, 1985(age 36 years) in New Zealand. He grew up in Cambridge and was educated at St Peter’s School. His father Harry Mowbray and mother Linda Mowbray owned a dairy farm. As a teenager, he helped his elder brother Mat to manufacture hot air balloons from Coke cans and plastic bags. After school, he started a law degree but dropped out in his first year.
In 2003, when the brothers were 18 and 22, they made a snap decision and moved to Hong Kong to set up a toy factory. With financing from their parents, they purchased an injection molding machine and started a company in Guangzhou, China.
The Mowbrays regard their entrance into the business world as naïve, as they had no experience, could not speak the local language, and had no knowledge of intellectual property legislation. In 2005, the brothers were joined by their sister Anna in their business.
The initial name of their company was Guru and this was changed to ZURU as Guru had been trademarked by another company. According to Mowbray, by the end of 2020 ZURU employed 8500 people, had 26 offices, and a turnover of over $1 billion.
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Successful toys were Robo Fish (the world’s fastest-selling toy in 2013) and Bunch O Balloons (the top-selling toy in the United States in 2016). In 2018, Mowbray was awarded Entrepreneur of the Year by multinational professional services network Ernst & Young.
Mowbray developed Crohn’s disease at age 26. In his early 30s, he moved back to New Zealand to undergo operations after having been told that without treatment, he only had a few years to live.
The siblings bought the Coatesville mansion in Coatesville in 2017 for NZ$32.5 million when they were in their early 30s. The mansion is one of New Zealand’s most expensive homes and is famous for the January 2012 raid when Kim Dotcom lived there. According to the National Business Review, the net worth of the siblings is NZ$3bn. In late 2020, Mowbray bought a 40 meters (130 ft) yacht for NZ$21m.
Nick Mowbray is married to longtime girlfriend Jamie.
Nick Mowbray net worth
How much is Nick Mowbray worth? Nick Mowbray net worth is estimated at around $1.2 billion as of 2021. His main source of income is from his private businesses. Mowbray’s successful career has earned him some of the luxurious lifestyle and some of the fancy cars.