Rinehart was born on 9 February 1954 at St John of God Subiaco Hospital in Perth, Western Australia. Donald Trump's fortune fell by around 10 per cent in 2017. Credit:AP. [77][78] In January 2012, there were further media reports that Rinehart's estimated wealth has increased to A$20 billion following estimates that the Roy Hill project was notionally valued at A$10 billion.

Each of the deeds includes a clause referring “any dispute under this deed” to confidential arbitration. It noted the final deed was signed shortly before the Hope Downs mine – a joint venture with Rio Tinto – opened in 2007. However the court ruled 5-0 on Wednesday that Mrs Rinehart could enforce a clause in the deeds that says all grievances are to be settled by confidential arbitration. [66] In March 2012, when the suppression order was lifted, it was revealed that Rinehart had delayed the vesting date of the trust, which had prompted the court action by her three older children. Bianca Rinehart, Gina Rinehart and Ginia Rinehart. In 2014, the siblings also split as John and Bianca started the Federal Court action and then argued it should be heard in open court. By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS. The company's remaining shares were transferred to a trust for her four children. The high court has found in favour of Australia’s richest person, Gina Rinehart, allowing a dispute with two of her children to be heard out of the public spotlight.
Mr Hancock bequeathed 51 per cent of Hancock Prospecting to Gina and 49 per cent to her four children, Bianca, John, Hope and Ginia to be held in the Hope Margaret Hancock Trust. [30] In February 2012 she increased her stake in Fairfax to over 12 per cent, and became the largest shareholder of the company. Donald Trump's fortune fell by around 10 per cent in 2017. Rinehart family dispute puts $2b dividend bonanza on hold. The company highlighted the fact it is "among the ranks of Australia's largest corporate taxpayers", with federal and state taxes exceeding $1 billion for the first time this year, at $1.14 billion.

Gina Rinehart remains Australia's richest person thanks to her $US17.4 billion fortune.

It also allowed a cross-appeal, finding that three companies who were not parties to the deeds were “parties” within New South Wales commercial arbitration laws. This is due to a family dispute over The Hope Margaret Hancock Trust. Watch SBS World News live daily at 6:30pm on TV and on our app. Gina Rinehart's four children have joined their mining mogul mum among the world's richest people. [28][29], In 2010 Rinehart took a 10 per cent stake in Ten Network Holdings; James Packer had acquired an 18 per cent stake in the same company shortly before.

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