Wealthiest
Photo of Gina Rinehart

Gina Rinehart

Georgina Hope "Gina" Rinehart is an Australian mining magnate and heiress. In 2022, Gina Rinehart's net worth is estimated to be $29 billion dollars.

March 29, 2022

Words by Matthew Taylor

Gina Rinehart Net Worth

$29 billion

Est. Range $22.5B - $35.5B

Medium Confidence

Georgina Hope "Gina" Rinehart is an Australian mining magnate and heiress. Rinehart is the Executive Chairman of Hancock Prospecting, a privately-owned mineral exploration and extraction company founded by her father, Lang Hancock.

Rinehart was born in Perth, Western Australia, and spent her early years in the Pilbara region. She boarded at St Hilda's Anglican School for Girls and then briefly studied at the University of Sydney, dropping out to work with her father at Hancock Prospecting. She was Lang Hancock's only child, and when he died in 1992 – leaving a bankrupt estate – she succeeded him as executive chairman. She turned a company with severe financial difficulties into the largest private company in Australia and one of the largest mining houses in the world.

Rinehart is Australia’s richest person. Her wealth reached around A$29 billion in 2012, at which point she overtook Christy Walton as the world's richest woman and was included on the Forbes list of The World's 100 Most Powerful Women. Rinehart's net worth dropped significantly over the following few years due to a slowdown in the Australian mining sector. However, her wealth was rebuilt again during 2020 due to increased demand for Australian iron ore, so that by May 2021, her net worth was estimated in excess of A$30 billion. Forbes considered Rinehart one of the world's ten richest women. Rinehart was Australia's wealthiest person from 2011 to 2015, according to both Forbes and The Australian Financial Review; and again in 2020 and 2021, according to The Australian Business Review and The Australian Financial Review. In a May 2021 Guardian Australia investigation, it was reported that Rinehart was the single largest landholder in Australia, at over 9.2 e6ha, just over 1% of Australia's total landmass.

You vs. Gina Rinehart

How long would it take you to earn as much as Gina Rinehart?

Richest Business

While many of us work in business, you’re not going to make your fortune staying at your day job – the average office worker in the US earns about $41,000 a year. If you manage to get to an executive level, you’re getting closer, but you still have a long way to go. If you can reach the top, CEO salaries know no bounds, but you’ll have to pick the right company!

Many of the wealthiest business people on our list are investment bankers or have done well on the share market. A few have inherited a business empire or secured a good chunk of shares in a blue-chip company through a sizeable divorce settlement. Others are lucky enough to be friends with a “generous” head of state (aka Putin) and find that their wealth can grow to unprecedented levels when supported by state-backed enterprises.

Nowadays though, it’s harder to start traditional business empires from scratch. Media moguls have fallen out of favour in recent years and the big names on this list come from tech. Bill Gates has been a stalwart and is now accompanied by Zuckerberg, Bezos, Musk. Innovation is the key to wealth, but only if you can get the cash, confidence and idea to really make it big.

Buying Power

Gina Rinehart's net worth of 29 billion can buy...

220632x
Tesla Model S
Priced at $131,440
47540x
Prestige 420 yacht
Priced at $610,000
763x
Gulfstream G450
Priced at $38,000,000

Methodology

The Wealthiest Index is a ranking of the world's richest people. In calculating Andre Agassi’s net worth, we strive to provide the most transparent calculations available with detailed analysis of how that Andre Agassi’s fortune was made. Each net worth figure is updated at regular intervals to reflect market movements.

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