Gina Rinehart: From Mining Magnate To Australia’s Newest Media Mogul

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By: Alison Rourke | The Guardian

Speaking her mind is something Gina Rinehart has never been shy about. As the only child of Lang Hancock, who discovered massive iron ore deposits on his family’s land in Western Australian in the 1950s, Rinehart was destined from a young age to take charge of the resources juggernaut that is now Hancock Prospecting, a company she privately owns. It’s made her one of the world’s richest women, estimated by some to be worth A$29bn (£19bn).

This year Rinehart has taken a keen interest in media ownership and on Monday announced she had increased her stake in Fairfax Media, publishers of the country’s two oldest newspapers, the Sydney Morning Herald and the (Melbourne) Age, to 18.7%.

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