Gina Rinehart’s wealth has many sources, starting with her inheritance of Hancock Prospecting, which was worth about seventy-five million dollars, and the old Rio Tinto royalties, which were roughly twelve million a year when her father died and, with increased production and a soaring iron-ore price, have since grown wildly. These royalties will be paid in perpetuity. Rinehart inherited or has acquired the rights to some of the largest mineral leases in the Pilbara, believed to contain billions of tons of minable reserves of iron ore.
Hope Downs pays her about $2Bn a year.
So I’m saying her success was guaranteed by her Dad.
