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The Ledger / Gina Rinehart

Gina Rinehart

$29.3B (as of 2025-04-01)Metals & MiningForbes #61Australia

◼ Origin

Gina Rinehart inherited the iron ore empire her father Lang Hancock assembled in the Pilbara — land belonging to the Yindjibarndi, Banjima, Nyiyaparli, Wangan and Jagalingou peoples for tens of thousands of years before the Hancock family arrived in the 1860s. Lang Hancock, who described the Pilbara as where his family were "the first white settlers," built his fortune by pegging iron ore deposits on country that was never purchased, ceded, or relinquished by its traditional owners. Gina inherited the royalty stream — 2.5% per tonne from Rio Tinto — and expanded the empire with the $10 billion Roy Hill mine on Banjima and Wangan and Jagalingou country. In 2025 the Federal Court delivered its judgment on a decade-long case: Hancock Prospecting had unlawfully diluted the Wangan and Jagalingou people's rightful interest in Roy Hill tenements during the mine's financing and restructuring between 2013 and 2015. The court ordered the transfer of 24.5% of the Roy Hill mine to the traditional owners and AUD $2.1 billion in backdated damages. Rinehart fought the case for ten years. Beyond the native title fight, Rinehart is Australia's most prominent private funder of climate denial. Her company Hancock Prospecting donated $2.3 million to the Institute of Public Affairs in 2016 and $2.2 million in 2017 — amounts representing more than a third of IPA's reported annual revenues. She personally funded Lord Christopher Monckton's 2010 Australian speaking tour (~$100,000) and publicly declared: "I have never met a geologist or leading scientist who believes adding more carbon dioxide to the atmosphere will have any significant effect on climate change." In 2010 she led "axe the tax" rallies opposing the proposed Australian carbon price. In 2012 she acquired an 18.67% stake in Fairfax Media and sought board seats, specifically to shape climate coverage and elevate climate skeptics to equal standing with peer-reviewed science. Fairfax journalists wrote to Rinehart demanding she sign the 20-year-old Charter of Editorial Independence; she refused; the board denied her seats; she sold the stake in 2015. The attempt was the editorial arm of the same campaign her IPA funding was funding. Also in 2012, in a video posted to the Sydney Mining Club, Rinehart told Australian workers they needed to compete with Africans willing to work for $2 a day — remarks made while she was seeking approval for 1,715 foreign construction workers under Enterprise Migration Agreements for Roy Hill, at wages below those of Australian union workers.

◼ Self-Made Verdict — YES

The fortune is colonial extraction with unbroken chain of title. Lang Hancock pegged iron ore on country never ceded; Gina inherited the royalty stream; she expanded with Roy Hill on Banjima and Wangan and Jagalingou country — then spent a decade in court fighting to keep what she had unlawfully taken from the native title group. The Federal Court (2025) agreed: Hancock Prospecting diluted indigenous equity in Roy Hill during financing, ordered the transfer of 24.5% of the mine and AUD $2.1B in backdated damages. That is not a verdict on the underlying title question; it is a verdict on one specific fraud. The underlying title question — whose land this ever was — the court has not and will not answer in the terms it deserves. We will. The charges beyond the native title fraud are documented, sourced, and on the public record: funding the think tank that ran the climate denial campaign ($4.5M, 2016-2017), personally funding the Monckton tour, leading the anti-carbon-tax rallies, attempting to capture a major newspaper to silence climate science journalism, telling Australian workers to compete with Africans on $2 a day while importing 1,715 foreign workers for Roy Hill. The case is overwhelming.

◼ Documented marks

01

Inherited iron ore pegged on land never ceded, then spent a decade in court fighting the people whose land it was.

02

Donated $4.5M to Australia's premier climate denial think tank while her mines burn the Pilbara.

03

Told Australian workers to compete with Africans on $2 a day, then applied to import 1,715 foreign workers for her mine.

04

Tried to buy a newspaper to silence climate science journalists. The journalists said no.

05

The Federal Court ordered her to hand over 24.5% of Roy Hill and AUD $2.1B to the Wangan and Jagalingou people. She had ten years to settle. She chose the decade.

No inheritance, or primary accounts documented for this billionaire yet.

◼ List of charges

01

×4 counts

Funding Climate Denial

25life per count = 100–312 years

Statute: Deliberate funding of research, advocacy, or media designed to mislead the public and policymakers about anthropogenic climate change, causing intergenerational harm.

Basis: Hancock Prospecting donated $2.3M to the Institute of Public Affairs (2016) and $2.2M (2017) — together over one-third of IPA annual revenue — which ran campaigns opposing Australia's carbon price. Rinehart personally funded Lord Monckton's 2010 Australian speaking tour (~$100K). She led 'axe the tax' rallies in 2010. In a 2021 school address she declared she had invited Monckton and geologist Ian Plimer to speak to students to take away 'emotional fear' about climate change. Sources: DeSmog, Independent Australia.

1 juror renders guilty

02

Press Freedom Suppression

515 years

Statute: Systematic interference with independent journalism through ownership, legal harassment, financial pressure, or direct editorial interference to benefit personal or financial interests.

Basis: In 2012 Rinehart acquired an 18.67% stake in Fairfax Media and sought three board seats, explicitly to shape editorial coverage of climate change and elevate climate skeptics. Fairfax journalists demanded she sign the Charter of Editorial Independence; she refused. The board denied her seats. She sold the stake in 2015. The Conversation reported at the time that her ambitions were 'bad news for coverage of climate change.' Sources: DeSmog, The Conversation, Fairfax public disclosures.

1 juror renders guilty

03

×2 counts

Corruption of Democracy

25life per count = 50–156 years

Statute: Knowing and sustained interference with democratic processes — including manufactured election-fraud claims after losing a free election, fake-electors schemes, pressure on state officials to alter vote counts, incitement of insurrection to obstruct certification, and mass dissemination of falsehoods about election integrity — as documented by court findings, congressional reports, sworn testimony of former officials, and verifiable public-record falsehoods.

Basis: Co-founded ANDEV lobbying group (partnered with IPA to campaign against carbon pricing and environmental regulation). Received IPA 'Free Enterprise Leader Award' at a 2013 dinner alongside then PM-elect Tony Abbott and Rupert Murdoch — a tableaux of coordinated political capture. Federal Court found (2025) that Hancock Prospecting unlawfully diluted the Wangan and Jagalingou people's native title interest in Roy Hill tenements during financing restructuring 2013-2015; court ordered 24.5% mine transfer and AUD $2.1B in backdated damages — a decade of legal obstruction of indigenous rights via corporate restructuring. Sources: Independent Australia, Federal Court judgment 2025.

1 juror renders guilty

04

Wage Theft

510 years

Statute: Systematic withholding, diversion, or underpayment of wages, tips, or benefits in documented amounts exceeding $1 million in aggregate.

Basis: In September 2012, in a video posted to the Sydney Mining Club website, Rinehart said Australian workers must compete with Africans willing to work for $2 a day. The remarks came as she sought Enterprise Migration Agreement approvals to import 1,715 foreign construction workers for Roy Hill at wages below Australian union rates. Australian PM Julia Gillard called the remarks contrary to 'the Australian way.' Sources: CNBC, NPR, NBC News, ACTU.

1 juror renders guilty

Total sentence

160493 years

That is

2.16.3 life sentences

(using 78 years as one life)

At $1 million per day

Gina Rinehart's fortune would last 80 years

1.0 lifetimes of luxury — before running out.

These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.