Gina Rinehart
Overview
- Source of Wealth
- Mining
- Industry
- Metals & Mining
- Residence
- Organization
- Executive Chairman at Hancock Prospecting
- Marital Status
- Widowed
- Children
- 4
Biography
Australia's richest citizen, Gina Rinehart, draws her wealth from iron ore.
The daughter of iron ore explorer Lang Hancock, Rinehart rebuilt her late father's financially distressed company, Hancock Prospecting, becoming executive chairwoman in 1992.
Hancock's biggest asset is the Roy Hill mining project, which started shipments to Asia in 2015.
Rinehart has made significant investments into rare earth minerals and the gas sector. She's also Australia's second-largest cattle producer, with a portfolio of properties across the country.
In May 2024, Hancock Prospecting and Chilean mineral company SQM completed the $1.1 billion acquisition of lithium outfit Azure Minerals in western Australia.
About
Rinehart has been locked in a prolonged legal battle with her children, John and Bianca, over their family trust.
Hancock Prospecting disclosed in October 2024 that it had $6 billion in trust accounts, amid the family legal battle.