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Gina Rinehart

October 28, 2016

Hero MotoCorp posts “best ever” quarterly sales; Gina Rinehart spends $400 million on fertiliser investment; and Kering shares hit 15-year high on Gucci success

Hero MotoCorp posts “best ever” quarterly sales

Indian motorcycle manufacturer Hero MotoCorp, owned by the Munjal family, reported a 28% increase in net profit this week in what has been called its best-ever quarterly sales.

Pawan Munjal, chairman, managing director and chief executive of Hero MotoCorp, said the record-breaking sales were a reiteration of the “overwhelming” customer preference for the company's products.

July 17, 2015

Gina Rinehart says some of her children do not appreciate her efforts that saved her father's company and built the value of a $5 billion family trust at the centre of their bitter dispute.

Gina Rinehart says some of her children do not appreciate her efforts that saved her father's company and built the value of a $5 billion family trust at the centre of their bitter dispute.

May 28, 2015

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

The second-gen to a iron ore mining empire, Hancock Prospecting, Rinehart changed the vesting date of the multi-billion dollar Hope Margaret Hancock Trust in 2011 to 2068, just days before it was due to pay out.

March 18, 2015

From packaging to mining, to shopping mall empires and travel – CampdenFB takes a look at some of Australia's most impressive family businesses.

From packaging to mining, to shopping mall empires and travel – CampdenFB takes a look at some of Australia's most impressive family businesses.

February 13, 2015

Gina Rinehart sells Fairfax stake, cites ‘bad decisions’; Grupo Mexico plans to sell stake in its railway business; and Hyundai’s Chung family raises $1.1 billion in stake sale

Gina Rinehart sells Fairfax stake, cites ‘bad decisions’

Australian mining second-gen Gina Rinehart has sold her stake in newspaper publisher Fairfax Media for A$306 million (€208 million), according to a press release.

Rinehart, who is the richest person in Australia, sold her 14.99% stake for 86.75 Australian cents per share. She said bad business decisions at Fairfax inspired her to sell.

May 12, 2014

Australian family businesses have enjoyed local and
international success, but closer to home they are
facing a succession squeeze and a government that
is slow to show its support.

Australian family firms have certainly produced some larger-than-life businesspeople. Gina Rinehart, the wealthiest person in Australia, owes her fortune to Hancock Prospecting – the mining company founded by her father. She is consistently in the national, and often international, headlines for her anti-environmental business agenda and support for lower wages. This is in addition to her on-going, and very public, feud with her children over the governance of the family trust that manages the family’s wealth.

October 3, 2013

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children. 

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children.

Three of her children had launched a lawsuit to remove their mother as trustee of the multi-billion dollar Hope Margaret Hancock Trust in 2011 after she changed its vesting date to 2068 just days before it was due to pay out.

August 5, 2013

Australian mining magnate Gina Rinehart has offered an olive branch to her two children that are taking civil court action against her regarding the management of the family wealth and controlling shares in the family business.

Australian mining magnate Gina Rinehart has offered an olive branch to her two children that are taking civil court action against her regarding the management of the family wealth and controlling shares in the family business.

In an open letter to siblings John Hancock and Bianca Rinehart, the businesswoman – who at an estimated net worth of AUS$22 billion (€14.7 billion) is the country’s richest woman – said she was willing to appoint a co-trustee to the family trust.

July 17, 2013

Australia is ahead of the game when it comes to single family offices, according to new research, with the Asia-Pacific country boasting 250 out of the estimated 2,700 that exist globally.

Australia is ahead of the game when it comes to single family offices, according to new research, with the Asia-Pacific country boasting 250 out of the estimated 2,700 that exist globally.

Tables compiled by Eureka Report, an Australian investment website, reveal the country’s top 20 family offices are worth AU$103.9 billion (€73.2 billion), while the top 20 are worth AU$177.5 billion.

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