Gina Rinehart Net Worth

What is Gina Rinehart’s Net Worth?

net worth:	$23 billion
age:	70
date of birth:	February 9, 1954
gender:	female
high:	1.74 m (5 ft 9 in)
country of origin:	Australia
Source of wealth:	Business Woman
Last updated:	August 7, 2024

introduce

Gina Rinehart is the heiress to the Hancock Prospecting fortune.

The company was founded by Gina’s father, Lang Hancock, and Gina worked alongside him from a young age, learning the ins and outs of the business.

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

Since taking over, she has successfully expanded the company, with the biggest breakthrough coming during the iron ore boom in the early 21st century.

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

Quick Facts

Because so much money was involved, a long battle ensued between Gina and her children over the family trust.
Gina acquired hundreds of thousands of acres of farmland in 2016 and has become Australia’s second largest beef producer.
In 1992, she became executive chairman and majority shareholder of Hancock Prospecting.
The Western Australian government named a mountain range after the family.
She has sponsored four Olympic teams and is the largest non-government donor in Australian Olympic history.
To put her wealth into perspective, we estimate that Gina earns over $1 million every 30 minutes.

early life

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

She was the only child of Ron Hancock and his mother, Hope Margaret Nicholas. Gina grew up on a sheep and cattle ranch and did not attend elementary school until she was 8 years old.

She became a boarder at St Hilda’s Anglican Girls’ School in Perth and attended school there until she completed her education.

Gina then went on to study economics at Sydney University, but later dropped out to start working with her father.

During this time, she gained a wealth of business knowledge, which helped her greatly in dealing with the challenges she faced after her father’s death.

Profession

In March 1992, Gina’s father died, leaving her with an almost bankrupt company to manage.

She became the executive chairman not only of Hancock Prospecting but also of the HPPL group of companies. Five months after her father’s death, she applied for Roy Holl Tenements, which became one of her company’s greatest assets.

She acquired Roy Holl Tenements in 1993 and devoted her full attention to developing these tenements and the Hancock Prospecting. She raised funds through joint ventures and turned these leases into profitable mines.

Since acquiring Roy Hill, Hancock Prospecting now owns 50% of Hope Downs, and therefore 50% of the profits from the mine, which is operated by Rio Tinto and produces 30 million tonnes of iron ore per year.

Since taking over, Gina has invested in copper, iron ore, gold, coal, as well as livestock and real estate. In 2010, she took her business idea to the next level by acquiring a 10% stake in Ten Network Holdings.

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

In 2015, she successfully acquired the lease for Fossil Downs, a large cattle ranch and grazing property.

By 2012, Gina was known as the richest woman in the world due to the growth of her company. Despite her business success, she keeps a low profile and avoids the media.

In 2015, Gina announced the grand opening of one of Roy Mountain’s largest mines, just eight months after securing $7.9 billion in financing. The following year, Hancock Prospecting reached an investment agreement with Sirius Minerals.

Gina’s wealth has grown dramatically over the past decade thanks to a boom in iron ore mining, which has made the company one of Australia’s largest privately owned businesses.

Gina Rinehart’s Yearly Net Worth

Here is a breakdown of Gina Rinehart’s net worth over the years:

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

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

She married a second time, to German-American corporate lawyer Frank Reinhart. They had two children, Hope and Gina, and Frank died in 1990.

Gina’s four children have a strained relationship with their wealthy mother, and unfortunately, Gina’s relationship with her son John isn’t the best either.

Because of her bad relationship with her older children, Gina only attended the weddings of her two younger daughters.

You can learn more about Gina from her official website where she showcases her latest books, speeches, and photos.

Awards and Achievements

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

In 2014, she was awarded the Order of Merit by the Australian Olympic Organisation for her services, an extremely rare award.
Gina was inducted into the Australian Prospectors and Miners Hall of Fame in 2020.
In 2012, she won Diggers and Dealers magazine’s Deal of the Year Award, the first time the award had been given to a chairperson twice.
In 2020, Gina received the Excavator and Dealer Lifetime Achievement Award, becoming the first woman to receive the award.
Under Gina’s guidance, Roy Hill recently won the Australian Mining Prospects Award, Hard Rock Mine of the Year Award and the 2022 Australian Mine of the Year Award.

How does Gina Rinehart spend her money?

Gina loves cattle and she purchased Fossil Downs Ranch, a 15,000-head cattle ranch estimated at $25 million to $30 million.

Although Gina prefers to keep a low profile, her charity work cannot be underestimated. She is on the expert advisory board of SISHE, an organization that fights human trafficking and is a major supporter of orphanages for girls across Cambodia.

She lives in luxury homes in various cities across Australia and her garage is filled with some of the world’s most expensive cars.

On top of that, she has one of the most expensive private jets in the world, always on standby to take her to Australia or anywhere in the world.

Summary

Gina’s business acumen and entrepreneurial abilities are truly impressive. She is a role model for women around the world and shows that regardless of gender, you can still achieve big dreams.

She is hailed as an Australian patriot who continues to inspire people wherever she goes.

Through hard work and sacrifice, Gina built her fortune from nothing to a level that rivals the wealthiest people on Earth.