Image source: www.bbc.co.uk
Australian mining tycoon and businesswoman Georgina Hope Rinehart AO (born 9 February 1954); she was formerly known as Hancock. Her father, Lang Hancock, created the privately held mineral exploration and extraction business Hancock Prospecting, of which Rinehart is the Executive Chairman.
Rinehart was raised in the Pilbara region after being born in Perth, Western Australia. After attending St. Hilda's Anglican School for Girls on a boarder basis, she briefly attended the University of Sydney before discontinuing her studies to join her father at Hancock Prospecting. She was Lang Hancock's only child, and after her father passed away in 1992 and his estate went bankrupt, she took over as executive chairman.
The group's businesses are all owned by private individuals. With the notable exception of starting to receive royalties from Hamersley Iron in the late 1960s, Lang Hancock's mining activities were primarily focused on exploration and the acquisition of sizable mining leases. Nick Bryant, a BBC journalist, claims that although Rinehart benefited from her father's royalty agreements, she "changed the family business by seeing, early on, the immense potential of the China market."
Having applied for the Roy Hill tenements in 1993, the year after her father passed away, Rinehart concentrated on developing the Roy Hill and Hancock Prospective undeveloped deposits, acquiring money through joint venture agreements, and converting the leases into mines that produced income.
Born:
9 February 1954
Perth, Western Australia
Career:
Mining magnate; company chairwoman
Member at Hancock Prospecting
Net Worth:
27.9 billion USD (2022)