Australia’s richest person and one of the world’s wealthiest women, Gina Rinehart, may donate a huge chunk of her Hancock-dynasty fortune to charity in a plan currently under discussion with Rinehart’s son John Hancock, according to The Australian.
Health, Olympic sports and research initiatives could benefit from the donations that follow a long-running and highly-publicised legal shitstorm between Rinehart and two of her four children—Bianca Rinehart and John Hancock. Gina Rinehart’s fortune is currently estimated to be worth $14 billion.
The arduous battle between Rinehart and her kids is difficult to keep up with, to put it mildly—least of all helped by her children’s names and estranged statuses: only one of four have kept the Rinehart surname (Ginia Rinehart); while eldest children John and Bianca are famously estranged from their mother. However, the tl;dr finale of the family feud: Bianca Hope Hayward was handed control of the Rinehart-Hancock family trust worth $4 billion in May this year.
Hayward won the landmark settlement after Justice Brereton called out the bitter dispute between Australia’s wealthiest family, claiming Gina Rinehart had gone to “extraordinary lengths” to maintain control over the family trust.
While the family settlement continues, the series of major charitable donations—yet to be confirmed—is undoubtedly the most satisfying thing to come out of what has become an increasingly-ugly family spat.
Potentially donating *billions* to local causes? Make it rain, Gina. Make. It. Freaking. Rain.
Via The Australian.
Image by Matt King via Getty.
