By surbhi garg | February 24, 2014 0 Comments

Net Worth- $18.9 Billion

INTRODUCTION

Georgina Hope Gina Rinehart is the richest women in Australia who is a famous Australian mining heiress. She was born on 9^th February in the year 1954. Gina belongs to Perth in Western Australia and her parents are Lang Hancock and Margaret Nicholas. She is the only daughter and had no siblings. She has done her schooling from St. Hilda’s Anglican School for Girls and then later she studied economics for a while in Sydney University. She backed out of the school so that she can help her father in the iron ore industry named Pibara. She is the chairman of Hancock Prospecting Pty Ltd. She also owns Hancock Coal Pty Ltd and Hancock Galilee. She owns the company all by herself and there are no shareholders in her company. In the year 2011 she was welcomed into the WA Women’s Hall of Fame. She has been in the news for a very long time for her opposition against the government of Australia over the proposal they have given in which taxes will be levied on the mining industries in the country.

PERSONAL LIFE

Gina Rinehart got married to Greg Milton in the year 1973 when she was nineteen years old. Greg and Rinehart met while working in Wittenoom. In the year 1973, Rinehart and Milton married each other. At that time Rinehart had been just 19 years old. They had two children together named Bianca Hope and John Langley. Later in 1981 they got separated and in 1983 she got married for the second time to Frank Rinehart. They also have two lovely children – Hope and Ginia. But in 1990 Frank died and she got involved in some legal fight with her stepmother regarding her father’s property. This case took almost 14 years to settle in court.

THE STEPS TO BEING A BILLIONAIRE

In March 1992, when her father died, she became the Executive Chairman of HPPL- Hancock Prospecting Pty Limited and even the whole group of HPPL companies owned by her father. She was partnered with Rio Tinto who owned the Hope Downs Mine. Hope Downs Mine produced 30 million tonnes (approx) of iron core every year. So the profits were huge and Gina shares about 50 percent of the profits of Hope Downs Mine. She also shared 10 percent stake of Ten Network Holdings in the year 2010. Later she also acquired stakes of Fairfax Media. Her interests are developed more in the mining business and she decided to raise her stakes to 12 percent and later to 18.67 per cent in the year 2012. Luckily, she earned a lot of money through these stakes annually.

HER RICHNESS

She has born with a silver spoon in her mouth and she made that spoon golden by her efforts. She was among the 200 richest people in the year 1992, when her father died. But it was due to her efforts that made the company achieve great heights. She took pains to maximize the profits of her company, Hancock Prospecting and in the year 2006 she got a position in the list of billionaires in the world. She has a net worth of 18.9 billion US dollars. She has also increased her wealth by getting a 12 percent stake in Fairfax Media and she also acquired 10 percent stake in Ten Network Holdings. The wealth of billions has easily sponsored a luxurious life for her. You can see her driving around in very rich and lavish cars like Mercedes Benz and Rolls Royce. She also owns a private jet. She also owns a mansion in Perth which has a net worth of 25 million US Dollars. The annual profit of her coal and mining productions operations is around 10 billion US dollars. she has a 11:1 price to earning ratio for her mining operations which will soon make her the richest person in the world.

SHE HAS GOT A BIG HEART

Gina is involved in many charity businesses, but she likes to keep a low profile on it and does not much like to reveal her charity business. She is on the advisory board of SISHA, an organization which works against the human trafficking. It is said that during 2012 and 2013 she donated around 1 million US dollars to the organization. She likes to work mainly for women, causes and has donated a large sum of money for opening an orphanage in Cambodia. She has been in the media for her donations for young willing girls who wants to study.

HER WISE WORDS

She is a wise woman with a knowledgeable brain. Here are some of the quotes one can here Gina Rinehart saying:

• Beauty is ideas – the ideas of what we can do with the vast wilderness by mining it.
• I’d always thought that economics was about creating wealth and distributing it. I came back home and Dad taught me far more than anything I learned at university.
• 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.
• It required being downright rude, telling them what schoolboys they were, by shocking them and shaming them, by telling them we were going to expose ‘em by saying they hadn’t got the guts to do the job they were paid to do.