Who is Gina Rinehart?

Posted on June 19, 2012

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Gina Rinehart is the world’s richest woman.

The daughter of mining magnate Lang Hancock runs Hancock Prospecting. According to the latest BRW Rich 200 List, Rinehart’s personal wealth is $29.17 billion http://www.brw.com.au/p/sections/features/rinehart_world_richest_woman_JucE8ndw9hYfzDk5NuudTI

“And as the mining boom keeps spitting out millionaires and billionaires, Rinehart will need to prepare for a new battle: the Aboriginal landowners who are becoming incensed at what they consider the double standards over royalty payments. There is growing resentment at the payment they receive compared with the 2.5 per cent royalty payments Wright and Hancock received in the pre-native title agreement days of the 1960s from Rio Tinto.

“The chief executive of Yindjibarndi Aboriginal Corporation in the north-west of Western Australia, Michael Woodley, asks, “How come native title doesn’t give us the same riches?

“It’s all down to a piece of paper that was written by the colonial masters that stole our country and it is all agreed upon. We don’t agree with that. We are standing up. We are in a mining boom and these people are getting very rich.

“Although we don’t have any agreements with Rinehart, the 2.5 per cent she receives we use as a benchmark. Her royalty payment is something we move towards. What people don’t realise is the land is our heritage. Our culture is impacted when we grant mining leases to companies.””

“Rinehart is now one of the richest and most powerful people in the world but this is just the beginning. Her vast quantities of iron ore and coal have set her on a course to become the richest person in the world and she will do everything to ensure it happens.”

The Perth mining magnate, 58, is Australia’s richest person, with massive iron ore projects in Western Australia’s Pilbara region and 2 huge coal mine developments in Queensland.  http://www.forbes.com/lists/2012/13/power-women-asia-12_Gina-Rinehart_BIGN.html

“One of Rinehart’s many enemies, who had previously worked loyally for her father and for Hancock Prospecting, says: “I wouldn’t give that woman a drink in the middle of the desert if I was in a position to do so.” And another: “It’s her way or the highway.””

http://www.theaustralian.com.au/arts/review/gina-rinehart-rich-ruthless-and-the-ruler-of-a-bitter-house-divided/story-fn9n8gph-1226395578209

The House of Hancock: The Rise and Rise of Gina Rinehart By Debi Marshall

“I wish I’d been a boy. I’m not ashamed of being a girl, and since I’m a girl, I will do what a boy would have done had I been a boy.”

What Gina Wants: Gina Rinehart’s quest for respect and gratitude:  http://www.themonthly.com.au/gina-rinehart-s-quest-respect-and-gratitude-what-gina-wants-nick-bryant-5024

Gina Rinehart’s children:

“Of the dozens of people I interviewed about Gina, most chose to speak off the record, out of fear of legal or commercial repercussions. “She considers even nice things defamatory,” says a one-time confidante. When the financial journalist Adele Ferguson pitched her proposal to write Gina Hancock’s unofficial biography (released in July), at least one major Australian publisher was deterred because of the potential for costly litigation. Little wonder there is a wall of silence around her.”

““She’ll fight the umpire [to win],” a business associate tells me. “She’ll fight her fellow players, she’ll fight the crowd.””

Gina was deceptive and avoidant to her own children. 

“GINA Rinehart’s three eldest children claim their mother made “repeated attempts to place emotional, financial and legal pressure” on them to sign over control of the family trust set up for their benefit.

“Following the mining billionaire’s loss in the High Court last week The Australian has obtained a series of documents and correspondences between Mrs Rinehart and her children.”

March 12, 2012 http://www.theaustralian.com.au/news/nation/gina-rinehart-pressured-children-over-trust/story-e6frg6nf-1226297444955

Iron wills mine a deep vein of bitterness: http://www.theage.com.au/national/iron-wills-mine-a-deep-vein-of-bitterness-20120623-20uup.html

Gina Rinehart’s ex-husband Greg Milton reveals all in new book. “They wanted for nothing. Except a mother’s attention,” The House Of Hancock author Debi Marshall said. http://www.news.com.au/business/revelations-of-inside-the-house-of-hancocks/story-e6frfm1i-1226347771163?sv=a1f892669775af4ffa28a828ef1e83c6

Rinehart’s son continues fight for family fortune – http://www.abc.net.au/news/2012-06-25/reinhart27s-son-vowes-to-fight-for-family-fortune/4091502

Four Corners – Gina Rinehart The Power of One broadcast 25/6/12

http://www.abc.net.au/4corners/stories/2012/06/20/3529598.htm

http://www.abc.net.au/4corners/documents/gina2012/QandA_Gina.pdf

#Fairfax employees will lose 1900 jobs over 3 years, they found out through other media. Fairfax notified the public before it notified its own staff.

ASX announcement: http://www.asx.com.au/asxpdf/20120618/pdf/426wcrqb4ns6px.pdf

Fairfax to shed 1900 staff, erect paywalls: http://www.smh.com.au/business/fairfax-to-shed-1900-staff-erect-paywalls-20120618-20ix1.html

Fairfax or Gina-fax? Let’s have the debate before it’s over. The Conversation Editor @AndrewJaspan : http://theconversation.edu.au/fairfax-or-gina-fax-lets-have-the-debate-before-its-over-7721

Abbott backs Rinehart bid. ”Good on Gina for being prepared to invest in journalism at a difficult time,” Mr Abbott said. ”It’s not a bad thing – it’s a good thing.”

http://www.smh.com.au/opinion/political-news/abbott-backs-rinehart-bid-20120617-20id9.html

Why does Gina Rinehart want control of Fairfax? http://theconversation.edu.au/why-does-gina-rinehart-want-control-of-fairfax-7774

“she’s a very tough, single-minded, determined woman,” says Gina Rinehart’s biographer Adele Ferguson on PM with Mark Colvin. http://www.abc.net.au/pm/content/2012/s3533473.htm

Ms Rinehart’s billion-dollar resources company Hancock Prospecting had not filed a report in more than two years. “University of New South Wales accounting academic Jeffrey Knapp argued his research relied on the private resources company filing missing annual financial reports from 2010 and 2011”:

http://www.watoday.com.au/wa-news/academics-rinehart-court-bid-rejected-20120615-20f4c.html

Australian Philanthropy Top 100 – This is a list of the top 100 donors to Australia. Gina Rinehart is noticeably absent: http://www.fundraisingresearch.com.au/oz__top_100_13.html

Monckton, Rinehart and a plan to capture the Australian media: http://www.abc.net.au/unleashed/3807130.html http://www.readfearn.com/2012/02/monckton-rinehart-and-a-plan-to-capture-the-australian-media

“It rankles me when anyone thinks that they get a disproportionate go or a disproportionate say and so the great thing about our system is that the childcare workers that I’ve met today, their vote matters as much as Gina Rinehart’s or Clive Palmer’s,” she said. Prime Minister Julia Gillard.

http://www.news.com.au/national/ill-make-the-loudmouth-miners-pay-prime-minister-julia-gillard-tells-clive-palmer-and-gina-rinehart/story-e6frfkvr-1226390125115

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