Gina Rinehart Net Worth

How much is Gina Rinehart’s net worth?

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net worth:	$23 billion
age:	70
Birth:	9 February, 1954
gender:	Woman
Height:	1.74 m (5 ft 9 in)
country of origin:	Australia
Sources of funds:	business woman
Last Updated:	August 7, 2024

Introduction

Gina Rinehart is the heir to the Hancock Prospecting Group fortune.

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The company was founded by Gina’s father, Lang Hancock, with whom she worked from an early age to learn the ins and outs of the business.

She is the executive chairwoman of her father’s company and Australia’s richest citizen.

Since taking charge she has managed to expand the company, with her biggest success coming from the iron ore boom in the early 2000s.

Gina Rinehart’s net worth is estimated at $23 billion.

quick Facts

With so much money at stake, there has been a long-running battle between Gina and her children over the family trust.
Gina is now Australia’s second-largest cattle producer after acquiring hundreds of thousands of acres of agricultural land in 2016.
In 1992, she became executive chairwoman and majority shareholder of Hancock Prospecting.
The Western Australian Government has named a mountain range after the family.
She has been patron of 4 Olympic teams and is the largest single non-government contributor in Australia’s entire Olympic history.
To put her wealth into perspective, we estimate that Gina makes over $1 million every 30 minutes.

early life

Georgina Hope Rinehart was born on 9 February 1954 in Perth, Australia.

She was the only child of Lang Hancock and her mother Hope Margaret Nicholas. Gina grew up on a sheep and cattle farm until the age of 8, after which she attended primary school.

She began boarding at St Hilda’s Anglican School for Girls in Perth and remained there until she completed her schooling.

Gina then studied economics at the University of Sydney and then left her studies to work with her father.

During this time he acquired a lot of knowledge about business, which proved very useful to him in facing the challenges that came after his father’s death.

Livelihood

In March 1992, Gina’s father died, leaving her a nearly bankrupt company.

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She became the executive chairman of not only Hancock Prospecting, but also the HPPL Group of Companies. She applied for Roy Hall Tenements five months after her father’s death, and it became one of her company’s biggest properties.

He acquired the Roy Hole tenements in 1993 and focused solely on developing them and Hancock Prospecting. By raising capital through joint partnerships, he turned the leases into massive revenue-producing mines.

Since acquiring Roy Hill, Hancock Prospecting currently owns 50% of Hope Downs, giving it a 50% share of the profits from the mine. The Hope Downs mine is operated by Rio Tinto and produces 30 million tonnes of iron ore each year.

Since taking office, Gina has invested in copper, iron ore, gold and coal as well as cattle and property. Taking her business ideas to the next level, she acquired a 10% stake in Ten Network Holdings in 2010.

Later that year, she also bought a stake in Fairfax Media and became its largest shareholder two years later.

In 2015, she succeeded in acquiring a huge cattle station and ranching lease called Fossil Downs.

By 2012, Gina began to be referred to as the richest woman in the world as a result of the growth of her companies. Despite her business success, she maintained a low profile, avoiding the media.

In 2015, Gina announced the grand opening of one of Roy Hill’s largest mines, only 8 months after securing $7.9 billion in funding. The following year, Hancock Prospecting struck a deal to invest in the Sirius Minerals mining company.

Gina’s wealth has grown significantly over the past decade due to the iron ore-driven mining boom. As a result, the company has become one of the largest privately owned companies in Australia.

Gina Rinehart annual net worth

Here are the details of Gina Rinehart’s annual net worth:

2013 – $18 billion
2014 – $20 billion
2015 – $20 billion
2016 – $22 billion
2017 – $24 billion
2018 – $26 billion
2019 – $25 billion
2020 – $28 billion
2021 – $30 billion
2022 – $31 billion

personal life

Gina married Greg Milton in 1973 and they had two children, John Langley and Bianca Hope, before divorcing in 1981.

She married for the second time to Frank Rinehart, a German-American who worked as a corporate lawyer. They had two children, Hope and Gina, before Frank passed away in 1990.

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All four of Gina’s children have a strained relationship with their wealthy mother, and unfortunately Gina’s relationship with her son John is not good either.

Gina was only able to attend the weddings of her two younger daughters due to the poor relationship between her and her older children.

You can find out more about Gina on her official website, where she has published her latest books, speeches and photos.

Awards and achievements

Here are some memorable moments from Gina Rinehart’s career:

For his contributions he received the Order of Merit from the Australian Olympic Organisation in 2014, which is extremely rare.
Gina was inducted into the Australian Prospectors and Miners Hall of Fame in 2020.
He was awarded the Diggers & Dealers “Deal of the Year Award” in 2012, the first time the award has been given twice to a chairman.
In 2020, Gina won the Diggers & Dealers Lifetime Achievement Award, making her the first woman to win such an award.
Under Gina’s direction, Roy Hill recently won the Australian Mining Prospect Award, Hard Rock Mine of the Year, and the Australian Mine of the Year Award for 2022.

How does Gina Rinehart spend her money?

Gina loves cattle and has purchased a farm called Fossil Downs which has 15,000 cattle which is estimated to be worth $25 to $30 million.

Although Gina rarely makes public appearances, her philanthropic work cannot be overlooked. She is on the expert advisory board of SISHE, an organization against human trafficking and a major supporter of girls’ orphanages throughout Cambodia.

She lives in luxurious homes in various Australian cities and some of the most expensive cars in the world grace her garages.

And to top it all off, she keeps one of the world’s most expensive private jets on standby, so she can be transported to Australia or anywhere in the world, at any time.

Summary

Gina’s business acumen and ability to grow a business is a truly impressive accomplishment. She is a perfect example for women everywhere and shows that no matter what gender you are, you can still achieve great dreams.

She has been described as an Australian patriot and continues to inspire people wherever she goes.

Through hard work and sacrifice, Gina is a self-made woman who has grown her wealth to a level that competes with the richest people on earth.