Gina Rinehart Net Worth is$68 Billion
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Profession: Businessperson
Date of Birth: 1956
Nicknames: Georgina Rinehart
Country: Australia
Gina Rinehart is an Australian mining heiress with a net worth of $68 billion. Gina Rinehart inherited the Hancock Prospecting from her father Lang Hancock. Many recent evaluations of her wealth put her at a net worth of more than Carlos Slim (~$74 Billion), as she owns her company outright with no shareholders. Her operations of coal and iron production are estimated to produce $10 billion in annual profits. When you put her privately held mining operations at a comparable 11-1 price to earnings ratio (as compared to similar publicly traded companies), her net worth could approach $100 billion making her not only the richest woman in the world, but the richest person in the world!
Georgina "Gina" Hope Rinehart (born 9 February 1954) 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.
In a separate matter presently before the courts, three of Rinehart's four children, Hope Rinehart Welker, John Hancock, and Bianca Rinehart, commenced legal action as a result of Rinehart (as sole trustee) delaying the vesting date of the Hope Margaret Hancock Trust, which her four children are beneficiaries of.
Rinehart was born at St John's, Perth, Western Australia, the daughter of Hope Margaret Nicholas and Lang Hancock. An only child, Rinehart lived with her parents at Nunyerry, 60 kilometres (37 mi) north of Wittenoom, until she was four, later boarding at St Hilda's Anglican School for Girls in Perth. She commenced studying economics at The University of Sydney and later worked for her father, gaining an extensive knowledge of the Pilbara iron-ore industry.
As a teenager Rinehart met Englishman Greg Milton, while both were working in Wittenoom. In 1973 Rinehart, aged 19, married Milton, and he changed his surname to Hayward. Together they had two children, John Langley and Bianca Hope. However, the marriage did not last and Rinehart and Hayward separated in 1979 and divorced in 1981. In 1983 she married Frank Rinehart, a 57 year old American corporate lawyer. They had two children together, Ginia and Hope, born 18 months apart. Frank died in 1990.
She commenced an acrimonious legal fight with her stepmother, Rose Porteous, in 1992 over the circumstances of her father's death and control of the Hancock assets. The court cases and negotiations ultimately took 14 years to settle.
In 1999 her proposal was approved to name a mountain range after her family. The Hancock Range is situated about 65 km north-w

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Gina Rinehart Latest News

Sirius Minerals digs deep to make $5bn fertiliser mine a reality

Sirius has already raised $1.4bn from investors, including $250m from Australia’s richest woman, Gina Rinehart, but struggled to secure a loan guarantee from the UK government, even though prime ...
Posted: April 22, 2019, 4:48 am

Australia's Cattle King knew how to make a buck out of a terrible climate

His company, S. Kidman & Co, exists to this day, and in 2016 was acquired by Hancock Prospecting, owned by Gina Rinehart, with Shanghai CRED as junior partner. Illustration: Matt DavidsonCredit: There ...
Posted: April 19, 2019, 6:00 am

Fate of the Fitzroy: Murray-Darling mistakes drive water future across Australia

Four ministers are juggling the interests of hundreds of traditional owners, environmentalists, farmers and pastoralists – including Gina Rinehart’s Hancock Agriculture – to create the most ...
Posted: April 25, 2019, 2:10 am
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