Gina Rinehart - The unfortunate billionaire was rejected by his biological father, his children turned away for money

Gina Rinehart (born 1954) is an Australian billionaire businesswoman. According to reports and estimates, this woman's fortune could reach hundreds of billions of dollars from the massive property she owns, which is mainly from iron ore mining in Western Australia. Rich enough to usurp Carlos Slim or Bill Gates, but she experienced a marriage event and tragedy struck.

With large reserves and skyrocketing mining productivity due to strong demand from China and India, it is enough to make this woman soon become a richer businessman than Carlos Slim or Bill Gates. Gina Rinehart spent 167 million USD to buy 13% of the shares of Fairfax Group - Australia's oldest and most famous media company. In 2010, she continued to buy back 10% of the shares of Network Ten - one of the country's three main commercial social networking sites.

Inheriting a career from his father as a miner

Gina's father died in 1992, leaving her a mining "empire" in turmoil, along with a 14-year legal dispute with his stepmother over the assets he left again. Rinehart overcame all of that. She is now Australia's richest person, after her fortune more than quadrupled last year - thanks to a clever strategy and a spike in demand for iron ore. Forbes Asia estimates Rinehart's net worth at $9 billion, making her the second-richest woman in the Asia-Pacific region (second only to the "queen" of the industry. steel of India, Savitri Jindal).

Starting in Perth, Rinehart gradually gained control over vast and mineral-rich swathes of Australia's outback. She has built a business with a cash flow of nearly $2 billion a year, with plans to develop more iron ore mines and include coal in the list of minerals exported to Asia.

Stand up for "Tax Cuts"

In a move that many people know about Gina Rinehart, she and iron ore billionaire Andrew Forrest (Australia's richest man last year) climbed into the back of a truck and called for a rally of forces to against tax policy. Participants chanted the slogan "Cut taxes!". Some members of a lobbying group she founded last year to help less populated areas in the north of the country say the tax and other political disputes have become too confusing. chaotic and complex.

Media investment

However, Gina Rinehart's unexpected investment in the media sector has been the subject of headlines in the Australian press for a while. She bought a 10% stake in broadcasting company Ten Network Holdings for $165 million, and joined the board along with other billionaires such as James Packer, Bruce Gordon, and Lachlan Murdoch, Rupert's son. Murdoch. A month later, it was officially announced that Rinehart had purchased a 2% stake in newspaper publisher Fairfax Media. Since then her shares have doubled, and the amount invested is around $120 million.

Rinehart's followers say the deals are part of an effort to use her growing influence to move Australia towards a free market. In fact, she was instrumental in a campaign against the government's plan to raise taxes on profits made from coal and iron ore. The plan is currently under review by the Australian government.

Rise to become a billionaire in Australia

The estate left by her father - Lang Hancock - may be in disrepair, but it also includes some extremely valuable things: half of the mine rent paid by Rio Tinto for most of the 200 million tonnes of iron ore the company exports from mines in Western Australia. It was the income that kept her and her company, Hancock Prospecting, debt-free within a decade of her father's death. She has repeatedly won smart deals, bringing in a portion of the output of very resource-rich mines.

Of Rinehart's impressive numbers, there is only one thing that bothers one. That is the rate of replacement of members in the management of Hancock Prospecting is currently at a very high level. Rinehart demands the utmost loyalty, and she is willing to cut ties with employees or advisors who fail to do exactly what is assigned. Rinehart runs all of her businesses from her father's office in a three-story home in West Perth. She lived in a familiar neighborhood for most of her life, in the Dalkeith suburb on the banks of the Swan River, where billionaire Kerry Stokes also lives.

Tragedy keeps coming

Very successful in business, but this woman has an unhappy life with a series of heartaches. More tragic when her pain and unhappiness came from her own family members. After the death of her mother, the relationship between Gina Rinehart and her father deteriorated further. Her father opposed her second marriage to Frank Rinehart and was further angered when he learned that this man 37 years older than his daughter was the one behind pulling the strings for Gina against her mother's will.

Gina is also not happy when her father unexpectedly marries a young Filipino maid - Rose Lacson and naturally enjoys luxurious trips while his business goes down. The father who used to be very close, loved her threatened from face, stepmother despised her, and her children even sued her in court just because they fought for control of the family trust fund. It is a great tragedy that this brave businesswoman with frank and upright views takes up to half her life to fight and survive with her own relatives. Her rich and unhappy life also made people wonder: "What's the use of a lot of money?" "Becoming a billionaire is not anyone's prerogative." This is the inspirational statement of the Australian female billionaire for those who always aspire to get rich, no matter what starting point.