About our Gina Rinehart news
Latest news on Gina Rinehart, Australia's richest person and mining magnate. Coverage of Hancock Prospecting, Roy Hill, iron ore, coal, agriculture and her net worth.
Gina Rinehart, born in 1954 in Perth, Western Australia, is the Executive Chairwoman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her late father, Lang Hancock. With an estimated net worth of A$37 billion as of May 2023, Rinehart is Australia's wealthiest individual.
Rinehart's wealth is largely tied to her stakes in iron ore and coal mining projects in Western Australia and Queensland, including the Roy Hill mine, which began shipping iron ore in 2015. However, her business interests have expanded to include significant investments in agriculture, having acquired several cattle stations across Australia. Rinehart has also faced legal disputes with her children over control of the family trust.
Known for her privacy, Rinehart has nonetheless been vocal on political issues, opposing the Rudd government's Mineral Resource Rent Tax and Carbon Pollution Reduction Scheme. She has also advocated for the development of Northern Australia, arguing for reduced taxes and regulations to attract investment. Rinehart's philanthropic efforts include supporting swimming and rowing at the Olympic level.
The daughter of mining pioneer Lang Hancock, Rinehart took over Hancock Prospecting in 1992 and transformed it into one of Australia's most successful private companies. Her business acumen and leadership in the male-dominated mining industry have earned her recognition, although her views on climate change and worker pay have drawn criticism.
As Australia's economy remains heavily dependent on resource exports, Gina Rinehart's influence on the mining sector and her vast wealth make her a figure of ongoing interest. Our dedicated Â鶹´«Ã½ feed provides comprehensive coverage of Rinehart's business dealings, political activities, philanthropic endeavors, and personal life, drawing from reliable sources to keep readers informed about one of Australia's most prominent and controversial figures.