~~March 11, 2014~~
Georgina Hope “Gina” Rinehart (born 9 February 1954) is an Australian mining heiress. She is the daughter of Lang Hancock and Hope Margaret Nicholas. In the 2010’s, Rinehart bought a stake in media organizations, becoming the largest shareholder in Fairfax Media and taking a significant share in the Ten Network Holdings.
During 2011, both Forbes Asia and Business Review Weekly reported that Rinehart was Australia’s wealthiest person. During 2012, BRW named Rinehart as the world’s richest woman, having surpassed Christy Walton; Rinehart was surpassed, however, by L’Oreal heiress Liliane Bettencourt, Christy Walton, and Alice Walton in 2013, makingRinehart the fourth richest woman in the world.
|Born||Georgina Hope Hancock
9 February 1954 (age 60)
Perth, Western Australia
|Known for||Richest person in Australia,
4th richest woman in the world
|Net worth|| A$22 bn (2013 BRW)
|Spouse(s)||Greg (Milton) Hayward (m. 1973–81)Frank Rinehart (m. 1983–90)|
|Children||John Langley (Hayward) Hancock(b. 1976)
Bianca Hope Hayward (b. 1979)
Hope (Rinehart) Welker (b. 1986)
Ginia Rinehart (b. 1987)
Hope Margaret Nicholas
~~Early life and family~~
Rinehart was born in Perth, Western Australia, the daughter of Hope Margaret Nicholas and Lang Hancock . An only child, Rinehart lived with her parents at Nunyerry, 60 kilometres (37 mi) north of Wittenoom, until she was four, later boarding at St Hilda’s Anglican School for Girls in Perth. She briefly studied economics at Sydney University, before dropping out and working for her father, gaining an extensive knowledge of the Pilbara iron-ore industry.
As a teenager Rinehart met Englishman Greg Milton, while both were working in Wittenoom. In 1973, aged 19, Rinehart married Milton and he changed his surname to Hayward. Together they had two children, John Langley and Bianca Hope. However, the marriage did not last. Rinehart and Hayward separated in 1979 and divorced in 1981. In 1983 she married Frank Rinehart, a 57 year old German American corporate lawyer. They had two children together, Ginia and Hope, born 18 months apart. Frank died in 1990.
She became involved in an acrimonious legal fight with her stepmother, Rose Porteous, in 1992 over the circumstances of her father’s death and control of the Hancock assets. The court cases and negotiations ultimately took 14 years to settle.
In 1999 her proposal to name a mountain range after her family was approved. The so-named Hancock Range is situated about 65 km north-west of the town of Newman at 23°00′23″S 119°12′31″E and commemorates the family’s contribution to the establishment of the pastoral and mining industry in the Pilbara region.
In 2003, after a falling out with Rinehart, her son, John Langley Hayward, changed his surname by deed poll to John Langley Hancock; as of October 2013, their relationship remains difficult. John’s sister, Bianca Hope Hayward, who was once positioned to take over the family business, served as a director of Hancock Prospecting and HMHT Investments until 31 October 2011, when she was replaced by her half-sister, Ginia Rinehart.
Rinehart’s other daughter, Hope, married Ryan Welker, an American director of Mineral Resources — a Hancock partial subsidiary — and they live together in Sydney, Australia.
As of October 2013, Hancock Prospecting and Rinehart maintain an 8 percent stake in Mineral Resources.
~~A VERY CONTROVERSIAL PERSON~~
There is no monopoly on becoming a millionaire,’ billionaire heiress Gina Rinehart wrote. ‘If you’re jealous of those with more money, don’t just sit there and complain.’
One of the world’s richest women had people seething after she said that Australia needs to reduce labor costs in order to remain competitive with Africa, where she says people are “willing to work for less than $2 a day.”
Georgina “Gina” Rinehart, an Australian mining tycoon, who inherited great wealth from her father Lang Hancock and is estimated to be worth more than $18 billion, made the controversial remark during a speech slamming the country’s economic performance at the Sydney Mining Club, the Los Angeles Times reported.
“The evidence is inarguable that Australia is becoming too expensive and too uncompetitive to do export-oriented business,” Rinehart said. “Africans want to work, and its workers are willing to work for less than $2 per day. Such statistics make me worry for this country’s future.”
Australia’s Green Party leader Sen. Christine Milne immediately blasted Rinehart, who reportedly earns nearly $600 a second thanks to Hancock Prospecting, the mining company she inherited from her father, BBC reported.
“Gina Rinehart is the epitome of the greed and the abuse of the environment that has become such a characteristic of the mining industry in Australia,” Milnes said, according to News.Com.Au.
Prime Minister Julia Gillard added: “It’s not the Australian way to toss people $2, to toss them a gold coin, and then ask them to work for a day. We support proper Australian wages and decent working conditions,” according to the Los Angeles Times.
This is far from the first time Rinehart has stirred controversy.
She drew ire when she wrote in her column in Australian Resources and Investment magazine that those who are jealous of the wealthy should “spend less time drinking, or smoking and socializing and more time working.”
Rinehart, who has previously suggested that the government should lower minimum wage, has greatly increased the massive wealth she inherited from her father, who died in 1992.
Fat greasy pig Gina Rinehart says we should work for $2 a day!!
She makes $600 a second!!
~~Published on Sep 5, 2012~~
Australian mining magnate Gina Rinehart has criticised her country’s economic performance and said that “Africans willing to work for $2 a day should be an inspiration”.
Ms Rinehart is said to make nearly A$600 (£393) a second, and her views have been dismissed by Prime Minister Julia Gillard.
Australia’s richest person reckons that wages are too high, business taxes are too high, environmental regulations are stifling progress, there is an entrenched culture of entitlement and we socialise too much. In fact Australia is, according to Gina Rinehart, pretty much in the grip of socialism.
You couldn’t really make this stuff up – but she has. The mining magnate has laid it all out in her column – titled “Let’s get back to our roots” – for Australian Resources and Investment magazine. The first thing any reader of the article will note is the total lack of self-reflection on the part of its author. Rinehart inherited her wealth, and her industry receives some $4 billion dollars in government subsidies and concessions every year. The second thing of note is the paucity of facts she has mustered – surely the only display of thrift the world’s richest woman is capable of.
We ALL are ONE!!