Australia's Richest Woman Forced to Share Wealth: Rinehart's Fight to Control Empire
Gina Rinehart, Australia's wealthiest person, has lost a 15-year legal battle over her family's iron ore fortune. Will she accept defeat or continue the family feud?
Gina Rinehart, Australia's richest person, has been forced to share her vast family fortune after a 15-year court battle that cost millions of dollars. The tycoon has shown a propensity for fierce legal battles to retain control of her family's iron ore empire and the immense riches that flow from it.
Rinehart, who is worth an estimated $30 billion, has been embroiled in a bitter feud with her children over the management of the family's multi-billion dollar trust. The recent court ruling represents a partial defeat for the powerful businesswoman, who must now relinquish some control of the family's assets.
