Georgina Hope “Gina” Rinehart (born 9 February 1954) is chairman of Hancock Prospecting, a privately owned mineral and exploration company founded by her father Lang Hancock. Rinehart inherited 76.6% of the company with the remaining 23.4% constituting the Hope Margaret Hancock Trust.
Early life and family
Rinehart was born in Perth, Western Australia. She is the only child of Hope Margaret Nicholas and Lang Hancock. Until age 4, Rinehart lived with her parents at Nunyerry 60 kilometres (37 mi) north of Wittenoom. Later Rinehart boarded at St Hilda’s Anglican School for Girls in Perth. She briefly studied economics at the University of Sydney, before dropping out and working for her father, gaining an extensive knowledge of the Pilbara iron-ore industry.
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. Their children John Langley and Bianca Hope were born in 1976 and 1979 respectively. The couple separated in 1979 and divorced in 1981. In 1983 she married corporate lawyer Frank Rinehart, in Las Vegas. They had two children, Hope and Ginia, born in 1986 and 1987 respectively. Frank died in 1990.
Rinehart and her stepmother Rose Porteous were involved in an acrimonious legal fight from 1992 over Hancock’s death and estate. The ordeal ultimately took 14 years to settle.
In 1999, the Western Australia government approved a proposal to name a mountain range in honour of her family. Hancock Range is situated about 65 kilometres (40 mi) north-west of the town of Newman at 23°00′23″S 119°12′31″E and commemorates the family’s contribution to the establishment of the pastoral and mining industry in the Pilbara region.
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. 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. In 2013 Bianca married her partner Sasha Serebryakov; and Rinehart did not attend the wedding. Rinehart’s other daughter, Hope, married Ryan Welker, an American director of Mineral Resources (a Hancock partial subsidiary) and they live together in Sydney.
Gina Rinehart Net Worth: Gina Rinehart is an Australian mining heiress who has a net worth of $12.7 billion. Gina Rinehart was born February 9, 1954 in Perth, Australia. She is probably best known for being the richest person in Australia and one of the richest people in the world. Gina currently serves as the Executive Chairwoman of Hancock Prospecting group, a company she inherited from her father. She is the daughter of Lang Hancock and Hope Margaret Nicholas. In 2010, Rinehart bought a stake in media organizations, becoming the largest shareholder in Fairfax Media and taking a significant share in Ten Network Holdings. In 2011, Rinehart was first crowned Australia’s wealthiest person, a title she continues to hold. In 2012, it was reported that Rinehart was the world’s richest woman, having surpassed Christy Walton. However, by 2013 Rinehart was ranked as the fourth richest woman in the world, and by 2014, the sixth richest. Known for her opposition to the Australian federal government over its proposals to tax the mining industry, her wealth has increased exponentially since 1992. The recent coal and iron ore-fueled mining boom has dramatically boosted her bottom line. She owns luxury homes in many Australian cities and drives a fleet of luxury cars and a private jet for air travel. She does a lot of charity but deliberately downplays her efforts. Rinehart is passionate about women’s causes and reportedly paid for the construction of an orphanage in Cambodia. She also sponsors the education of deserving poor young girls and has worked hard to curb human trafficking. Rinehart married Englishman Greg Milton at the age of 19 and they had two children together. The couple separated after eight years of marriage in 1981. She found love again with American corporate lawyer Frank Rinehart two years after her divorce and the couple tied the knot in 1983. The couple also had two children. Unfortunately this marriage ended in heartbreak when Frank died in 1990.
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