Who is the Richest Person in Australia Today?

• Richest Person: Gina Rinehart

• Age: 70

• Net Worth: $30.8 Billion

• Rank: 56

• Source of Wealth: Mining

• Residence: Perth, Australia

• Marital Status: Widowed

• Children: 4

Gina Rinehart - Australia’s Richest Billionaire
Gina Rinehart - Australia’s Richest Billionaire

Mrs. Rinehart was raised in the isolated and untamed Pilbara region of North West Australia, where she shared her parents' large sheep and cattle properties. She was born in Perth on February 9, 1954. She subsequently went to St. Hilda's Anglican School for Girls in Perth for boarding school starting at the age of eight.

Hope and Lang (especially Lang) adored Gina because she was the only child. Gina inherited Lang's mining fixation. She occasionally accompanied her father to various international gatherings.

Gina pursued her studies in Economics at the University of Sydney. She only persisted for a year, though, before realizing that her similarities did not match those of her classmates. After leaving school, she started working for her father and became well-versed in the Pilbara iron-ore sector.

She wed Englishman Greg Milton in 1973 while they were both employed at Wittenoom. After separating in 1979, the couple got divorced in 1981. Two children survived the couple.

She had two children from her second father and married corporate lawyer and Arco executive Frank Rinehart in Las Vegas in 1983.

After Gina revealed her marital status, Gina and Lang started to argue. Lang suspected that Gina's second husband, Frank Rinehart, who passed away in 1990, was the cause of the family conflicts that transpired within the house.

She battled with her stepmother Rose over Lang's estate for roughly 11 years after her father passed away in 1992. She claimed Rose had some sort of role in her father's demise. Later on, though, it was determined that Lang passed away naturally. At the conclusion of the protracted battle, Rinehart kept complete control over Hancock Prospecting and its steadily growing royalty stream, while Rose kept a few assets, including Prix d'Amour.

Gina assumed the role of Chairman of Hancock Prospecting Pty Limited (HPPL) and the HPPL Group of Companies in 1992, following the passing of her father.

She has only concentrated on developing the company's undeveloped deposits, obtaining funds through joint venture partnerships, and converting the leases into mines that generate revenue in the years that have followed her ascent to the HPPL board.

She obtained the Roy Hill tenements in 1993. Since the middle of the 1990s, Gina has been the main driving force in Australian mining.

She has been the driving force behind international joint ventures between HPPL and businesses in South Korea, India, and other Asian nations since the early 2000s. Her largest source of wealth is the Roy Hill mining project, which began exporting its products to Asia in 2015.

Cracking 10 Unknown Facts About Gina Rinehart

Gina Rinehart's Four Children
Gina Rinehart's Four Children

1. Gina was discovered to have paid up to $200 per witness to a private investigator during her legal battle with Rose over her late father's estate. The witnesses' testimony was largely speculative.

2. Following an investigation, she was accused of attempted murder for hire, adultery, and witchcraft.

3. Hope Rinehart Welker, Gina's daughter, filed a commercial action in the Supreme Court of New South Wales in 2011 for what she believed to be related reasons regarding the trustee's actions. Hope's brother John and sister Bianca were later identified as parties to the lawsuit, which aimed to remove Hope as the only trustee.

4. Gina, a prominent figure in the mining sector, is against government control and worries about the detrimental effects of high salaries, high taxes, and prohibitions on foreign investment.

5. Gina established Australians for Northern Development and Economic Vision (ANDEV) and serves as its chair in an effort to allay these worries.

6. Gina complained to Lang about being a laughingstock in a correspondence between the father and daughter that was revealed in court after Gina got into an argument with her stepmother.

7. In those letters, Lang bitterly asked Gina to “allow me to remember you as the neat, trim, capable and attractive young lady” that she had been, rather than “the slothful, vindictive and devious baby elephant that you have become.” She was “grossly overweight,” he wrote. “I am glad your mother cannot see you now.”

8. Frank, Gina's second husband, was disbarred after being found guilty of tax fraud in the United States, according to Adele Ferguson's biography of Gina, "Gina Rinehart: The Untold Story of the Richest Woman in the World."

9. Gina is well-known for traveling to Cambodian orphanages for girls.

10. She is a member of SISHA's expert advisory board, a non-profit in Cambodia that fights human trafficking by helping and rescuing women and children who have been sexually exploited.

Top 10 Richest Persons in Australia

Mining tycoon Andrew Forrest, whose net worth is estimated at $21.5 billion, is not far behind. Forrest has gained notoriety for his environmentally conscious projects. Known for his pledge to produce 14 gigawatts of clean energy by 2030, Forrest's wealth now includes a family component, acknowledging the needs of his divorced wife Nicola, whom he split from last year. A prior to their divorce, the couple gave their charitable foundation shares in Fortescue worth $3.4 billion.

Property tycoon Harry Triguboff, dubbed 'high-rise Harry' due to the numerous tall apartment buildings built by his company Meriton, has found financial success in tackling the nation's housing crisis. With a net worth of $16.2 billion, Triguboff remains at the top of the wealth ladder despite being nonagenarian. This is the entire list:

1 Gina Rinehart 30.8 B Metals & Mining
2 Andrew Forrest & family 21.5 B Metals & Mining
3 Harry Triguboff 16.2 B Real Estate
4 Mike Cannon-Brookes 13.7 B Technology
5 Scott Farquhar 13.5 B Technology
6 Anthony Pratt 10.3 B Manufacturing
7 Cliff Obrecht & Melanie Perkins 8.8 B Technology
8 Bianca Rinehart & siblings 8.5 B Metals & Mining
9 John, Alan & Bruce Wilson 6.6 B Fashion & Retail
10 Frank Lowy 6.5 B

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