The 60 year-old executive chairman of Hancock also has four children – John and Bianca from her first marriage, and Hope and Ginia from her second. Rinehart controls Hancock and that makes her Australia’s richest person with a fortune estimated by Forbes at US$15.9bn. The battle and the characters involves, especially that of Rinehart, have not only consequences for Australia’s biggest family business, but also for politics and the environmental movement in the country and beyond. If asked to name the world’s biggest family feud in terms of bust-ups, acrimony – and money – then the battle between Australian mining billionaire Gina Rinehart and a number of her children must take poll position.Īt the heart of the feud is control of one of the biggest mining operations in the world, called Hancock Prospecting, which holds more rights to mine the world’s biggest iron ore reserves located in the state of Western Australia than any other company.
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