Latest news with #HancockAgriculture
West Australian
29-05-2025
- Business
- West Australian
REVEALED: Australia's 10 richest people and how much they're worth
Iron ore magnate Gina Rinehart may still be Australia's richest person but that massive pile of dosh is now just a little shorter than it was last year. The name behind the Hancock Prospecting and Hancock Agriculture empires — with assets stretching from Roy Hill and Atlas Iron through to Bannister Downs Dairy, Drizabone and Rossi boots — is worth $38.1 billion, according to this year's Australian Financial Review Rich List . Compared to your bank balance that's still pretty decent, no? Mrs Rinehart has now held the title for six-straight years, but this year's figure is 6 per cent down on where it stood last year thanks to a softer market for her No.1 earner, iron ore. Weaker prices for the steel-making ingredient have also dented the fortunes of fellow miners Andrew Forrest and estranged wife Nicola , who's net worth now stands at $12.8b — down from last year's $16.92b and dropping her to ninth on the list of the top 10 wealthiest people in Australia. Fortescue founder Mr Forrest disappeared from the list altogether. Across the top 10, the AFR says their collective fortune now stands at $202b — down 9.2 per cent from a year ago. Property developer Harry Triguboff held on to his spot at No.2 with $29.7b while packaging king Anthony Pratt and Family come in third with $25.9b. Atlassian co-founder Scott Farquahar was fourth with $21.4b. But noticeably absent from the top 10 was his co-founder wingman Mike Cannon-Brookes. Everyone's favourite litigant Clive Palmer has $20.1b, which put him at fifth, and Perth-born founders of online graphic design unicorn Canva, Melanie Perkins and Cliff Obrecht , held at sixth place with a small rise in their fortune to $14.1b. Co-founder of infrastructure and asset management firm Stonepeak, Michael Dorrell , stormed into the charts to seventh, with an estimated net worth of $13.9b. Former Glencore boss Ivan Glasenberg has $13.3b, earning him eighth spot. Kerry Stokes , chairman of Seven West Media and majority shareholder of the diversified SGH empire — which includes Boral, Coates Hire, WesTrac and investments in a host of resource and energy companies — was 10th with $12.7b.
Daily Mail
16-05-2025
- Business
- Daily Mail
Billionaire magnate Gina Rinehart snaps up one of the country's biggest cattle farms for a whopping $35million - keeping it in Australian hands
Australia's richest woman Gina Rinehart has quietly acquired a $35million cattle station to her already sprawling agricultural empire. Ms Rinehart's company S. Kidman & Co has snapped up Jindabyne Station, a 7,000ha property in northern New South Wales. It marks the company's first station purchase in more than two decades. The station, 23km east of Ashford, has the capacity to run 3,500 breeding cows and will be folded into the expanding Kidman Premium Wagyu operation. Ms Rinehart, who is worth an estimated $46billion, owns 67 per cent of S. Kidman & Co, with Chinese partner Shanghai CRED holding 33 per cent. The billionaire's agricultural footprint has grown in recent years following the sale of ten iconic cattle stations that totalled 6.7million hectares - twice the size of Singapore. Proceeds from those sales have been reinvested into premium Wagyu production and prime grazing land across Australia. Earlier this year, Rinehart acquired the 10,000ha Wongaboori Station near Mendooran to her holdings in a deal worth more than $70million. The acquisition of Wongaboori Station expanded Gina Rinehart's footprint in the Mendooran region to over 26,000ha. This is in addition to the 16,600ha Glencoe Aggregation, which includes Glencoe Station, Boogadah, Caigan, and Hiddendale. The Glencoe Aggregation has become a central hub for Hancock Agriculture's full-blood Wagyu and F1 herd, now numbering over 12,000 cattle. Across Hancock Agriculture and S. Kidman & Co, Rinehart owns more than 20 properties nationwide, spanning 3.5million hectares. Rinehart is one of Australia's largest beef producers, owning over 150,000 head of cattle. S. Kidman & Co is currently hiring for Jindabyne Station, advertising for a machinery operator and station hand. Ms Rinehart made headlines earlier this year for her public interventions during and after the federal election in Australia. She blamed the 'left media' for the Liberal Party's defeat, saying it had frightened the party from doing 'anything Trump'. The billionaire said Anthony Albanese's landslide victory had already had negative impacts on the resource industry. 'Indeed within an hour of so of the election result being called, a friend who started her own business and is a small business owner said she's going to close and move overseas,' she wrote. 'Australians have overwhelmingly voted in returning the PM and government, we must wish him well, with carefully considered policies that don't lead us quickly to becoming an Argentina prior to the outstanding [president Javier] Milei.'
