Gina Rinehart
Gina Rinehart
Georgina "Gina" Hope Rinehart is an Australian businesswoman in the mining industry. She is the heiress of Hancock Prospecting and the daughter of the late mining magnate Lang Hancock and Hope Margaret Nicholas. During 2011, both Forbes Asia and Business Review Weekly claimed that Rinehart was Australia's wealthiest person.
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Gina Rinehart's message to Australian politicians on what the country needs -
Google News - about 2 months Gina Rinehart's message to Australian politicians on what the country needs GINA Rinehart has said Australia's politicians could learn lessons from US President-elect Donald Trump, as she told of what Australians want. Mrs Rinehart told The Australian that investment decline, and debt gave an indication that politicians and ... Gina Rinehart urges 'out of touch' pollies to learn from TrumpThe Australian all 2 news articles »
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Google News article
Australia's Rinehart, China group win cattle empire bid
Yahoo News - 3 months
Australian mining magnate Gina Rinehart and a Chinese consortium won final approval Friday to buy one of the world's biggest cattle estates, ending a lengthy and fraught sale process. The green light came more than a year after Treasurer Scott Morrison blocked an all-Chinese offer by Shanghai Pengxin for S. Kidman and Co, Australia's biggest private land owner, as being against the national interest. Australia's richest woman Rinehart entered the fray in October, backed by Chinese property developer Shanghai CRED, offering Aus$386.5 million (US$295 million) for Kidman, with the tycoon holding a majority interest.
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Yahoo News article
Australian Cattle Barons Drop Bid for Kidman Ranch Empire
Wall Street Journal - 4 months
The consortium's decision to withdraw its offer paves the way for Australian mining billionaire Gina Rinehart and a Chinese conglomerate to emerge successful in their joint bid for the country’s biggest cattle empire.
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Wall Street Journal article
CORRECTED-Australia's richest woman defends bid for cattle empire - 4 months
SYDNEY, Oct 25 (Reuters) - Australia's richest woman Gina Rinehart on Tuesday defended her joint bid with China's Shanghai CRED Real Estate for the nation's biggest cattle empire, after it was trumped by a rival all-Australian syndicate.
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New bid trumps deal for Australia's biggest landholding - 4 months
SYDNEY, Oct 24 (Reuters) - Four of Australia's wealthiest outback cattle families have formally lodged a A$386 million ($293 million) bid to buy cattle empire S. Kidman and Co, trumping a deal agreed with mining mogul Gina Rinehart and Chinese developer Shanghai CRED Real Estate.
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Gina Rinehart joins China's Shanghai CRED agree to buy Kidman cattle empire - CNBC
Google News - 5 months
CNBC Gina Rinehart joins China's Shanghai CRED agree to buy Kidman cattle empire CNBC Australia's richest woman Gina Rinehart and Chinese developer Shanghai CRED have agreed on a deal to jointly purchase S. Kidman & Co, the country's largest private land holding, for A$365 million ($276.8 million), the companies said on Sunday. Race for Australia's S. Kidman narrows to country's richest womanReuters Kidman bidder Shanghai CRED's three offers and an AFL sponsorship might pay offThe Australian Financial Review Australian-Chinese consortium bids for Australian ranchesWTOP BBC News -ABC Online -Yahoo7 News -SBS all 60 news articles »
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RPT-Australia's Rinehart and China's Shanghai CRED agree deal for Kidman cattle empire - 5 months
SYDNEY, Oct 9 (Reuters) - Australia's richest woman Gina Rinehart and Chinese developer Shanghai CRED have agreed on a deal to jointly purchase S. Kidman & Co, the country's largest private land holding, for A$365 million ($276.8 million), the companies said on Sunday.
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Gina Rinehart's children win right to fight case against her in open court
Guardian (UK) - 9 months
Billionaire’s eldest children, Bianca Rinehart and John Hancock, are seeking a larger stake in the mining empire Gina Rinehart’s two eldest children have won the right to have the next stage of their family’s long-running dispute over mining profits heard in open court. Bianca Rinehart and John Hancock are fighting for a larger stake in the family’s mining empire, claiming their billionaire mother wrongly transferred valuable mining assets away from a family trust set up to benefit them by their grandfather, Lang Hancock. Continue reading...
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Guardian (UK) article
Gina Rinehart Wins Legal Battle Against Rio Tinto
Wall Street Journal - over 1 year
Rio Tinto must pay royalties to companies run by Australia’s richest person and the heirs of her late father’s former business partner from iron ore it digs up in the Pilbara region in Western Australia, according to a court ruling.
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Wall Street Journal article
Australian billionaire Rinehart seeks to block TV biopic
Yahoo News - about 2 years
Lawyers for Australia's richest person, Gina Rinehart, launched on Friday a potential bid to block a TV biopic on the mining magnate from airing this weekend, demanding the right to vet the show for possible defamatory content. The notoriously private Rinehart is demanding a copy of The House of Hancock, the Australian Broadcasting Corporation (ABC) reported, in order to find material that could be used to obtain an injunction and stop the show from airing. The two-part series produced by Australia's Nine Network dramatizes the personal life of Rinehart and her late father, eccentric mining pioneer Lang Hancock. Her lawyer Tom Blackburn told the court that the second episode may contain "malicious and defamatory" information about the heiress, the ABC reported, despite not having seen it.
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Yahoo News article
Australia's Fairfax in mining mogul Rinehart's sights: report
Yahoo News - over 2 years
Australia's richest person, mining magnate Gina Rinehart, is considering taking over respected media firm Fairfax out of frustration at its direction, a report said Monday. Rinehart is already a major shareholder in the newspaper, radio and digital company which publishes The Sydney Morning Herald, The Australian Financial Review and The Age in Melbourne.
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Yahoo News article
Rich People Say The Darndest Things
Huffington Post - about 3 years
It’s hard not to feel sorry for the rich. After all, it can’t be easy to swim in a pool of money, or to keep a yacht clean, or to stroll down red carpets all day, can it? So please, let’s give them all a break when they occasionally say outrageous things. Things like these: AIG CEO: Anger over big bonuses "just as bad" as racist lynch mobs. The CEO of the massive insurance company, Robert Benmosche, made that ill-advised comparison during a 2013 interview with the Wall Street Journal: "The uproar over bonuses 'was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that -- sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.'" Benmosche later described the metaphor as a "poor choice of words" in an email to The Huffington Post. For the record, more than 4,700 people were lynched in the United States between 1882 and 1968, according to data made available by ...
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Huffington Post article
ATO seeks Rinehart court dispute documents
The Canberra Times - about 3 years
The Australian Taxation Office has asked the NSW Supreme Court for access to court documents in the bitter dispute between Gina Rinehart and her two eldest children over a $5 billion family trust.
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The Canberra Times article
Gina Rinehart raises Lakes Oil stake
Bussiness Day - over 3 years
Mining billionaire consolidates her status as the biggest shareholder in oil and gas company.
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Bussiness Day article
Gina Rinehart meets Coalition MPs in secret trip to Canberra - Sydney Morning Herald
Google News - over 3 years
Sky News Australia Gina Rinehart meets Coalition MPs in secret trip to Canberra Sydney Morning Herald Australian politics: full coverage · The Pulse: Live from Parliament. Australia's richest woman, Gina Rinehart, invited a small group of Coalition friends for drinks in her private hotel suite, after planning a secret flight to Canberra to visit the Agriculture Minister ... Joyce for 'responsible foreign investment'Weekly Times Now Barnaby Joyce on politics: You gain weight and lose touchFraser Coast Chronicle all 18 news articles »
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Learn about memorable moments in the evolution of Gina Rinehart
  • 2016
    Age 62
    In May 2016 she had fallen from wealthiest Australian in 2011 to fourth with A$6.06 billion, surpassed by property developer Harry Triguboff with A$10.62 billion.
    More Details Hide Details In a 2006 Business Review Weekly article reviewing the way Australia's rich support philanthropy, it was noted that Rinehart prefers to keep a low profile, partly to avoid being "harassed by other charities" and partly for reasons of privacy. Rinehart is publicly known for visiting girls' orphanages in Cambodia and is on the expert advisory board of SISHA, a Cambodian non-profit organisation campaigning against human trafficking, in particular by rescuing and assisting sexually exploited women and children. In 2012 Swimming Australia announced a $10 million funding arrangement over 4 years with the Georgina Hope Foundation in conjunction with Hancock Prospecting. The deal supports the Australian Swim Team through direct payments to elite and targeted development swimmers, as well supporting lesser known sports such as synchronised swimming. The arrangement was renewed for a further 2 years in August 2015 and includes naming rights to various Swimming Australia events, including the Australian Swimming Championships.
  • 2013
    Age 59
    In 2013 Bianca married her partner Sasha Serebryakov; and Rinehart did not attend the wedding.
    More Details Hide Details Rinehart's other daughter, Hope, married Ryan Welker, an American director of Mineral Resources (a Hancock partial subsidiary) and they live together in Sydney. After the death of her father in March 1992, Rinehart became Chairman of Hancock Prospecting Pty Limited (HPPL) and the HPPL Group of companies. All companies within the group are privately owned. With the notable exception of receiving a royalty stream from Hamersley Iron since the late 1960s, Lang Hancock's mining activities were mainly related to exploration and the accumulation of vast mining leases. In recent years Rinehart has focused on developing Hancock Prospecting's undeveloped deposits, raising capital through joint venture partnerships and turning the leases into revenue producing mines. Rinehart, via Hancock Prospecting, shares 50 per cent of the profits generated by the Hope Downs mine, which is operated by Rio Tinto and produces 30 million tonnes of iron ore annually. Another joint venture with Mineral Resources Limited at Nicholas Downs, northwest of Newman, is producing 500 million tonnes of ferruginous manganese. The Alpha Coal and Kevin's Corner projects in Central Queensland, both with production due to commence in 2013, are expected to produce 30 million tonnes of coal each. The Roy Hill iron ore project, south of Port Hedland, in the Pilbara is expected to begin production in 2013 with a yield of 55 million tonnes a year.
  • 2012
    Age 58
    In March 2012, when the suppression order was lifted, it was revealed that Rinehart had delayed the vesting date of the trust, which had prompted the court action by her three older children.
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    A subsequent application by Rinehart for a non-publication order on the grounds of fear of personal and family safety was dismissed by the NSW Supreme Court on 2 February 2012.
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    As of December 2012, according to the Bloomberg Billionaires Index, Rinehart was the 37th richest person in the world with an estimated net worth of US$18.6 billion.
    More Details Hide Details Rinehart's wealth rankings since 2013 have been adversely impacted by the fall in the wholesale iron ore price and the fall in the AUD/USD exchange rate.
    In January 2012, there were further media reports that Rinehart's estimated wealth has increased to A$20 billion following estimates that the Roy Hill project was notionally valued at A$10 billion.
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    In 2012, BRW estimated her wealth at A$29.17 billion, with Ivan Glasenberg being her closest rival, with net wealth estimated at A$7.4 billion.
    More Details Hide Details At the time BRW stated that it was possible Rinehart would become the first person with a net wealth of billion. In 2007, she first appeared on Forbes Asia Australia's 40 Richest, with an estimated wealth of 1 billion; more than doubling that the next year to US$2.4 billion; and then, in spite of the global financial crisis, by 2011 had more than trebled to US$9 billion; doubled again in 2012 to US$18 billion; a slight reduction in 2013 to US$17 billion; and a slight increase in 2014 to US$17.6 billion. While still Australia's richest person, her wealth had reduced to US$12.3 billion by 2015 according to Forbes. Releasing the results in February 2011, Forbes was the first to name her as Australia's richest person; with BRW conferring the same title in May that year. In June 2011, Citigroup estimated that she was on course to overtake Carlos Slim, the Mexican magnate worth £46 billion (US$74 billion) and Bill Gates, who is worth £35 billion (US$56 billion), mainly because she owns her companies outright. Using a price-to-earnings ratio of 11:1 that applied at that time to her business partner, Rio Tinto, the Australian internet business news service, SmartCompany, stated: "It is possible to see Rinehart's portfolio of coal and iron ore production spinning off annual profits approaching US$10 billion", giving her a "personal net worth valuation of more than US$100 billion".
    Forbes magazine ranked her as the fourth richest woman in 2012 with US$18 billion; the fifth richest woman in 2013 with US$17 billion; and the sixth richest woman in 2014 with US$17.6 billion.
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    During 2012, BRW claimed Rinehart was the world's richest woman, surpassing Wal-Mart owner Christy Walton.
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  • 2011
    Age 57
    Then, in a judgement handed down on 7 October 2011, Justice Brereton stated that he intended to dismiss an application by Rinehart, that there be a stay on court action, and that the family be directed into mediation.
    More Details Hide Details In December 2011, three justices of the NSW Court of Appeal lifted the suppression orders on the case. However, a stay was granted until 3 February 2012 and extended by the High Court of Australia until 9 March 2012. Rinehart's application for suppression was supported by Ginia Rinehart, but was opposed by Hope, John and Bianca.
    In 2011, Rinehart's daughter, Hope Rinehart Welker, commenced a commercial action in the New South Wales Supreme Court for reasons understood to be related to the conduct of the trustee.
    More Details Hide Details The action sought to remove Rinehart as sole trustee. Her brother, John, and sister, Bianca, were later revealed as parties to the dispute. In an agreement reached between the parties, the Court granted an interim non-publication order in September 2011. In making the interim order, Justice Paul Brereton stated: "This is not the first occasion of discord in the family, which has immense wealth, no small part of which resides in the trust. In the past, the affairs of the family, including such discord, has attracted considerable publicity in the media."
    Gina Rinehart was appointed to run the trust until the youngest of her four children, Ginia Rinehart, turned 25 in 2011.
    More Details Hide Details The Trust owns 23.6% of the shares in Hancock Prospecting, and was believed to be valued at about A$5 billion.
  • 2010
    Age 56
    In 2010 Rinehart took a 10 per cent stake in Ten Network Holdings; James Packer had acquired an 18 per cent stake in the same company shortly before.
    More Details Hide Details Since then she has also acquired a substantial stake in Fairfax Media. In acquiring these shares, she has become a major player in the media and no longer limits her interests to the mining business. In February 2012 she increased her stake in Fairfax to over 12 per cent, becoming the largest shareholder of the company. Fairfax journalists were reportedly fearful that she wanted to turn them into a "mouthpiece for the mining industry". In June 2012, she increased her stake further to 18.67 per cent, and was believed to be seeking three board seats and involvement in editorial decisions in Fairfax's newspaper division. Negotiations between Fairfax and Hancock Prospecting broke down in late June because of disagreements over Fairfax's editorial independence policy and other issues relating to board governance; chair Roger Corbett subsequently announced that Rinehart would not be offered any seats on the board. After failing to get board representation she sold her shareholding in 2015.
  • 2003
    Age 49
    In 2003 at age 27 Rinehart's son John changed his surname by deed poll from his birth name Hayward to his maternal grandfather's name Hancock Since 2014, Gina Rinehart's relationship with her son John has been difficult; She was not present at his wedding to Gemma Ludgate.
    More Details Hide Details John's sister, Bianca Hope Hayward, who was once positioned to take over the family business, served as a director of Hancock Prospecting and HMHT Investments until 31 October 2011, when she was replaced by her half-sister, Ginia Rinehart.
  • 1999
    Age 45
    In 1999, the Western Australia government approved a proposal to name a mountain range in honour of her family.
    More Details Hide Details Hancock Range is situated about north-west of the town of Newman at and commemorates the family's contribution to the establishment of the pastoral and mining industry in the Pilbara region.
  • 1992
    Age 38
    Rinehart and her stepmother Rose Porteous were involved in an acrimonious legal fight from 1992 over Hancock's death and estate.
    More Details Hide Details The ordeal ultimately took 14 years to settle.
  • 1983
    Age 29
    In 1983 she married corporate lawyer Frank Rinehart, in Las Vegas.
    More Details Hide Details They had two children, Hope and Ginia, born 18 months apart. Frank died in 1990.
  • 1973
    Age 19
    In 1973, at age 19, Rinehart met Englishman Greg Milton while both were working in Wittenoom. At this time Milton changed his surname to Hayward. Children John Langley and Bianca Hope were born in 1976 and 1979 respectively. The couple separated in 1979 and divorced in 1981.
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  • 1954
    Age 0
    Born on February 9, 1954.
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