Gina Rinehart's Payout
Gina Rinehart, Australia's richest person, has received a $1.4b payout from her private mining company, Hancock Prospecting.
Hancock Prospecting, controlled by Rinehart and her four children via a trust, has posted its lowest profit since 2020 due to softer prices and cyclonic weather disruptions.
- Mined less iron ore
- Earned less revenue
- Made less profit than a year ago
A dispute about the trust has frozen $6.4b of dividends.
Author's summary: Gina Rinehart receives $1.4b payout despite profit slide.
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