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World Top Billionaires

#94 Gina Rinehart

$12.3 Billion

Gender
:

Female

Age
:

61

Source
:

mining

Position
:

Executive Chairman, Hancock Prospecting

Residence
:

Perth, Australia

Marital Status
:

Widowed

Children
:

4

Citizenship
:

Australia

Description :

Gina is an Australian businessperson, mining heiress and chairperson of the Hancock Prospecting group. She is the daughter of Lang Hancock, from who she has acquired the group. She is well-known for the rivals with the Australian Federal Government over its proposal to tax the mining industry. Rinehart purchased a stock in the Australian media organizations, became one of the shareholders in Fairfax Media and has a prominent share in Ten Network Holdings. She has been uncrowned queen of the global iron-ore trade. Gina had included oil and gas to its investments and she had settled down with a $7.2 billion in funding from a group of global and credit agencies to develop Roy hill, biggest mining ore in the world. She owns about 70% of Hancock's. There's been a conflict with her children over possession of property. In 2006 business review weekly article reviews the high supporting philanthropy and was well known for maintaining low-profile, for the reasons of privacy.