Gina Rinehart is the Executive Chairwoman of Hancock Prospecting, a leading Australian mining and agriculture company. The company was founded in 1955 by her late father, Australian iron ore magnate Lang Hancock. Currently, Garry Korte serves as the CEO of the company. According to Forbes, as of May 2023, Gina Rinehart's net worth is $27.5 billion.
Gina began her career working with her father and gained knowledge about the Pilbara iron-ore industry. Later, after her father's death, she took over as the Executive Chairman of the company and worked for its development and growth. In the beginning, the company was in a poor financial condition and was burdened with numerous debts. However, in 1993, Gina acquired the Roy Hill tenements and focused on developing both the Roy Hill and Hancock Prospecting.
Through Rinehart's efforts, the company currently owns 50% of the shares in the Hope Downs mine, making it one of the largest mining houses in the world. In 2010, she acquired 10% of the shares in Ten Network Holdings and also acquired a substantial number of shares in Fairfax Media. In 2012, Gina overtook Christy Walton as the world's richest woman. In 2013, Forbes named her as the 16th most powerful woman in the world. However, by 2015, she had slipped to the 37th position.
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In 2014, Gina also acquired 50% of the shares in Liveringa, and in 2015, she acquired Fossil Downs Station, a pastoral lease and cattle station. That same year, she opened the huge Roy Hill mine, which is currently one of Australia's largest mining projects. In 2023, Forbes named Rinehart as the 8th richest woman in the world.
Gina Rinehart was born on February 9th, 1954, in Perth, Western Australia. She completed her schooling at St Hilda's Anglican School for Girls and later pursued economics at the University of Sydney. She married Greg Hayward and had a son, John Langley, and a daughter, Bianca Hope. However, in 1981, they legally separated. In 1983, Gina married Frank Rinehart and had two daughters, Hope and Ginia. Later, in 1990, her second husband Frank passed away.