New Zealand economist and philanthropist Gareth Morgan has started a new political party.
The party has been named The Opportunities Party, or TOP for short.
Mr Morgan, who set up The Morgan Foundation – a charitable trust for the purpose of reducing the wealth inequality between people – announced he had resigned from his position as a foundation trustee to launch a political party.
Dr Morgan insists his policies will overlap with both National and Labour.
He says his party would aim to improve fairness, environmental sustainability and national pride, while reducing poverty and house prices.