Rank #105
Gina Rinehart
Net worth $25.5B
Mining · Australia
- Born
- Feb 09, 1954
- Age
- 72
- Source
- Mining
- Residence
- Citizenship
- Australia
- Marital status
- Widowed
- Children
- 4
- Education
Net worth over time
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.
- 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.