Last Updated: 23 Apr, 2024 | Views: 448
Age: 70
Profession: Business Women
Other Profession(s): Philanthropist, Businessperson
Famous For: Australia's Richest Citizen
Higher Education: Graduated
Net Worth: $26 Billion
About (Profile/Biography):
Gina Rinehart is an Australian businesswoman and billionaire mining magnate born on 9 February 1954. Her father, Lang Hancock, founded Hancock Prospecting, a privately held mineral exploration and extraction company. In 1992, Lang Hancock died, leaving a bankrupt estate, and she became the company's executive chairman. After a catastrophic financial slump, she assisted her company in becoming one of the biggest mining companies in the world.
Gina Rinehart Career:
• Her father died in March 1992, and she became the Executive Chairman of HPPL. According to Forbes' list of the 100 most powerful women in the world for 2015, Rinehart dropped from position 27 to 37.
• Gina Rinehart obtained the Roy Hill leases in 1993, 5 months after her father's death, after applying for them five months before his passing. She has since focused on developing Roy Hill And Hancock Prospective undeveloped deposits, raising capital through joint ventures, and turning the leases into revenue-generating mines.
• Gina Rinehart acquired a 10 percent stake in Ten Network Holdings in 2010; James Packer had attained an 18% stake in the company the year before. Since then, she has also acquired a substantial stake in Fairfax Media. In addition, Rinehart's interests have expanded beyond the mines. She is a major player in the media.
• Gina Rinehart was named trustee of the Hope Margaret Hancock Trust in 1988, with Lang Hancock's four grandchildren as beneficiaries. Her youngest child, Gina Rinehart, turned 25 in 2011, and Gina Rinehart was appointed to run the trust.
• The fall in wholesale iron ore prices and the fall in the AUD/USD exchange rate adversely affected Rinehart's wealth rankings between 2013 and 2019.
• Gina Rinehart fell from number one to number four in May 2016, when she had a net worth of A$6.06 billion, surpassed by property developer Harry Triguboff, who had a net worth of A$10.62 billion.
Gina Rinehart Unknown Facts:
Gina Rinehart has drawn both admiration and criticism for her business dealings and outspoken views. Several high-profile legal battles have engulfed her, including family and business disputes. In addition, she has become a prominent figure in Australian public discourse for her opinions on taxation and government policies.
Gina Rinehart has received numerous accolades and recognitions for her achievements in mining and business. Her achievements include being listed among the wealthiest individuals by Forbes magazine and winning awards like the Australian Mining Prospector Award.