Businessman and national flag campaigner Lloyd Morrison has passed away in Seattle after a battle with leukaemia, aged 54.
In 1988 Morrison founded the investment bank that would create Infratil, the Wellington-based infrastructure investment company, and was still a director at the time of his death.
Last year's NBR Rich List valued him at $100 million.
Morrison was also known for campaigning to change the national flag, playing a part in bailing out the Wellington Phoenix, and supporting the arts.
He was made a Companion of the New Zealand Order of Merit in 2009, the same year he was diagnosed with leukaemia.
Infratil chairman David Newman issued a statement crediting Morrison's inspirational leadership, vision, charisma, and energy.
"Lloyd was a truly passionate New Zealander and he made an immeasurable contribution to both the business and arts communities in New Zealand as a friend, colleague, patron and mentor."
Prime minister John Key today also paid tribute to Morrison.
“Lloyd was a very successful businessman and, as a friend, I can say that he was also known for not being afraid to voice strong opinions – but he did this because he was totally passionate about New Zealand."