Owen Glenn to donate $100m, but there is a catch

Owen Glenn says he will donate $100m to New Zealand, but with only one condition:

Businessman Owen Glenn says he plans to donate a $100 million to youth and education in New Zealand, but it comes with one condition.

The man who donated half a million dollars to the Labour Party prior to the 2005 general election says he is now back the National Party.

Mr Glenn says the money would be invested from primary school through to tertiary education, and beyond to help New Zealand market its products and services overseas.

He says is worried about the way forward for New Zealand when it comes to growing the country’s wealth.

The 71-year-old worries that our politicians could be bereft of ideas and meaningful policies and he also worries that New Zealanders are lacking vitality and get-up-and-go.

The ex-pat entrepreneur who once lived in a state house in South Auckland has made a fortune, ranking sixth equal in this year’s?NBR Rich List.

He has also given millions to Kiwi causes, from the Christchurch quake recovery fund to university business school education.

Watch now for Labour to attack this generous Kiwi now that he has turned his?back?on them after their shabby treatment of him.