|Date of Birth:
|February 9, 1954 (70 years old)
What is Gina Rinehart’s net worth? How does Gina Rinehart make her money? Below is the current net worth of Gina Rinehart and how Gina Rinehart makes her money.
What is Gina Rinehart’s Net Worth?
Gina Rinehart is an Australian mining heiress who has a net worth of $23 billion. Gina Rinehart is the richest person in Australia. Gina inherited her father’s business, Hancock Prospecting Group, and presently she sits as the executive chairwoman.
Hancock Prospecting, a holding company for her family’s companies, is largely under Gina Rinehart’s control. The Hope Downs mine is 50% owned by the corporation. In the Pilbara region of Western Australia, Rinehart owns 70% of the Roy Hill iron ore deposit. She also owns 18% of Lakes Oil and 8% of Ten Network Holdings.
Gina Rinehart was born on 9 February 1954 in Perth, Australia. She is the only child of Lang Hancock and Hope Margaret Nicholas.
Later, Rinehart went to St. Hilda’s Anglican School for Girls in Perth. Momentarily she studied economics at the University of Sydney before quitting her studies to start working for her father. While working for her father, she got a substantial understanding of the Pilbara iron-ore business.
Following the demise of her father in March 1992, Rinehart assumed the position of Executive Chairman of Hancock Prospecting Pty Limited (HPPL) and the HPPL Group of enterprises. She applied for the Roy Hill Tenements five months after her father’s death. She bought them in 1993 with the intention of developing the Roy Hill and Hancock Prospective undeveloped resources, obtaining funding through joint venture agreements, and converting the leases into mines that would provide income.
At present, Hancock Prospecting holds a 50% stake in Hope Downs and receives a 50% profit share from the 4 Hope Downs Mine. A mountain range was named after the family by the state of Western Australia in 1999.
By purchasing shares in media companies in 2010, Rinehart rose to the position of Fairfax Media’s top shareholder and acquired a sizeable portion of Ten Network Holdings. Rinehart initially won the title of the richest person in Australia in 2011; she still holds this position as of this writing.
According to sources, Rinehart was said to have surpassed Christy Walton as the richest woman in the world in 2012. But between 2013 and 2014, Rinehart had plummeted to become the sixth-richest woman in the world.
According to Forbes’ 2015 ranking of the world’s most influential women, Gina Rinehart was placed at No. 37.
After being listed for sale for the first time in 133 years, Fossil Downs Station was purchased by Rinehart in 2015. About $25 to $30 million is the projected value. Barely eight months after securing the $7.9 billion in funding, she began planning the launch of the massive Roy Hill mine in October 2015.
She has a notoriety for opposing the Australian federal government’s plans to tax the mining sector, and her wealth has grown significantly since 1992.
Her earnings have risen considerably as a result of the recent mining boom driven by iron ore and coal.
Gina Rinehart got married to an Englishman named Greg Milton they had two children from the marriage. In 1981 the couple parted ways.
Gina Rinehart soon found love three years after her divorce she got married again to a corporate lawyer and Arco executive named Frank. Gina and Frank had two children together. Regretfully for her, Frank passed away in 1990.
She owns opulent residences in numerous Australian cities, and she also uses a private plane and a fleet of high-end vehicles.
She gives generously but purposefully downplays her random acts of kindness. As a supporter of women’s rights, Rinehart is said to have contributed to the building of an orphanage in Cambodia. She has worked hard to stop human trafficking and finances the education of disadvantaged young girls.
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