| $ 18 Billion
Hancock Prospecting, Mining
$ 18 Billion
- Birthday1st Jan, 70
- Birth PlaceAustralia
- Marital status0
Gina Rinehart is an Australian business tycoon who has made her fortune in the mining industry. She heads Hancock Prospecting, a company she inherited from her father. She is considered to be the richest person in Australia & the richest woman in the world. She is known for her opposition to the Australian federal government over it’s proposals to tax the mining industry.
She is one of the richest persons in the world due to the enormous amount of profits her company has made in the past few years. In addition to the almost total control she has over her own company, she has acquired a 10% stake in Ten Network Holdings & a 12% stake in Fairfax media. Her wealth has increased exponentially since 1992 & the recent coal & iron ore fueled mining boom has boosted her net worth to 20 billion USD.
All the billions earned has sponsored a very lavish lifestyle for her. She owns luxury homes in many Australian cities. Her Perth mansion is valued at 25 million USD. She drives around in luxury cars like Rolls Royce, Mercedes Benz. She flies around the world in her private jet. She does a lot of charity but deliberately downplays it & keeps a very profile. She is passionate about women’s causes & has paid for the construction of an orphanage in Cambodia. She sponsors the education of many deserving poor young girls & has worked a lot to curb human trafficking.
She was privileged to have been born into one of Australia’s richest families. She spent her formative years in Perth. She married Englishman Greg Milton at a very young age of 19 & had 2 children together. Unfortunately the marriage didn’t last long & the couple separated after 8 years of marriage in 1981. She found love again in the form of American corporate lawyer Frank Rinehart two years after her divorce & the couple tied the knot in 1983. The couple had two children together. Unfortunately this marriage too ended in heartbreak for Gina due to the untimely demise of her husband in 1990.
Beauty is ideas – the ideas of what we can do with the vast wilderness by mining it.
I’d always thought that economics was about creating wealth and distributing it. I came back home and Dad taught me far more than anything I learned at university.
I hated going down to boarding school. I just thought my life in the bush was fantastic.
It was a wonderful childhood. I never missed not having the things city children have. I loved to ride and swim and I spent a lot of time with my father, whom I always got on very well with. I sometimes went mustering with him – in fact I saw more of him than the average child sees of its father. I wasn’t lonely.
My father begun to teach me about the business when I was about 12 years old. That’s when he first took me camping at the Kimberleys to actually see the iron ore country, appreciate its vastness, its importance, and to teach me about minerals. He’s still teaching me. The more I am with him, the more I learn.
Did you know?
She is an Australian mining heiress and Executive Chairwoman of Hancock Prospecting group.
She was reported both by Forbes Asia and Business Review Weekly Australias wealthiest person in 2011.
She was named as the worlds richest woman in 2012 and ranked fifth in 2013.