Australia's Richest Citizen, Gina Rinehart, Makes History

Billionaire Mining Magnate Continues to Expand Empire

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Gina Rinehart, Australia's richest citizen, has made headlines again with her latest business endeavors. The mining magnate and heiress has had a remarkable year, expanding her empire across the mining, energy, agribusiness, and retail sectors.

Rinehart's wealth is primarily derived from her iron ore business. She inherited the family company, Hancock Prospecting, from her father, Lang Hancock, who was an iron ore explorer. Under Rinehart's leadership, Hancock Prospecting has grown into one of the largest iron ore mining companies in the world.

In recent years, Rinehart has diversified her investments, acquiring stakes in various industries. She is now a significant shareholder in companies such as Rio Tinto, Fairfax Media, and Crown Resorts. Her latest acquisition is a 10% stake in the Roy Hill iron ore project in Western Australia.