what is Gina Rinehart net worth?
Gina Rinehart, the executive chairman of Hancock Prospecting, is a mining mogul and the wealthiest person in Australia.
Do you know that after her father, Lang Hancock, passed away in 1992, Rinehart became the sole owner of Hancock Prospecting? Probably you never knew. In order to learn more about Gina Rinehart, keep reading.
Gina Rinehart Net Worth and Biography
She was born on February 9, 1954, in Perth, Western Australia, at the St. John of God Subiaco Hospital. They (Hope Margaret Nicholas and Lang Hancock) had no other child, so she grew up as an only child.
Rinehart’s childhood home was in Nunyerry, roughly 60 km north of Wittenoom, where she stayed with her parents till the age of four. Later, she and her family relocated to the Pilbara region, settling in at the Mulga Downs station. After that, Rinehart enrolled at Perth’s all-girls Anglican boarding school, St. Hilda’s. She initially studied economics at the University of Sydney for one semester before leaving to join her father’s iron-ore business in the Pilbara, where she quickly became an expert.
Rinehart took over the family business after the death of her father, Lang Hancock, in 1992.
After HPPL had fallen on hard times, it was up to Rinehart to turn it into one of the most successful private companies in Australia.
As I mentioned before, Rinehart took over the family business after the death of her father, Lang Hancock, in 1992.
The business was in shambles when she took over from him. However, under her stewardship over a number of years, the company grew to become Australia’s largest private enterprise and a global leader in the mining industry.
Rinehart is especially interested in the Pilbara region of Western Australia, where her family has been given the right to mine alone.
Gina Rinehart Net Worth
As of 2022, Gina Rinehart Net Worth is valued at $26 billion making her one of the richest people in the world.
In 2006, Rinehart became a millionaire and solidified her position as a powerhouse in the mining industry. She then moved into fields as different as agriculture and the media.
She owns a lot of cattle properties, including the expensive Fossil Downs Station, Liveringa Station, and Nerrima Station. She also has investments in Ten Network Holdings and Fairfax Media.
Because of these huge expansions, it was thought in 2021 that Rinehart owned over 9.2 million hectares of land in Australia, making her by a wide margin the biggest landowner in the whole country. While Rinehart’s fortune took a hit when Australia’s mining boom cooled, it rebounded in 2021–22 thanks to surging prices for the country’s iron ore.
Rinehart has been involved in politics and charity work in addition to her business activities. She has long pushed for Australia’s economy to be more open and for the mining industry to grow.
At the moment, her wealth is estimated at $28.9 billion US dollars.