Billionaire Insight: How Australia’s Richest Woman Gina Rinehart Spends Her Fortune

With an incomprehensible net worth of around A $ 31 billion, Gina Rinehart is Australia’s richest citizen.

Driven by inflation in iron ore prices, Gina Rinehart has increased her personal worth by more than A $ 2 billion in six months to stay at number one on the Australian Financial Review’s rich list for 2021.

Rinehart is the chairman of Hancock Prospecting, one of Australia’s most successful private mining companies, which drew much of its fortune from the Roy Hill mining project. As Australia’s richest woman, Rinehart undoubtedly leads a lavish lifestyle.

A $ 34M Noosa Manor

When you’re a billionaire, no home is out of your price range, including one of Queensland’s most expensive residential properties.

Nicknamed ‘Webb House‘, Rinehart reportedly bought a beachfront mansion in Noosa for around A $ 34 million in July 2021. Perched on more than 2,000 square meters, the modern four-bedroom mansion has been traded off-market and offers stunning views of the range below.

A $ 18.5 million Hawthorne Estate

In addition to Ms Rinehart’s recent beachside mansion purchase, the mining mogul also purchased a historic riverside estate in Hawthorne for around A $ 18.5 million. After securing local council approval, Rinehart will expand the lavish mansion to add a master suite with a living room.

A $ 20 Million Penthouse Abroad, Worldwide

When Gina Rinehart isn’t traveling across Australia, it looks like she’s relaxing in her penthouse on the luxurious cruise ship The World. As the largest private luxury residential cruise ship, Rinehart’s penthouse is reportedly costing over A $ 20 million.

Although she has been criticized for her style over the years, Rinehart has shown a genuine interest in fashion. Recently, she attended the Brisbane Fashion Festival wearing a white ensemble with a matching white mask and beaded accessories.

The billionaire has also shown her love for high fashion label Ralph & Russo by wearing the brand’s pieces on numerous occasions, most notably at the Melbourne Cup 2019 and at a State Dinner at the White House with then-President Donald Trump. It has since been revealed that Rinehart filed two offers for the failing company before withdrawing the offers.

Gina Rinehart at one of Hancock Wagyu’s properties, which now includes Warrabah Station, between Manila and Kingstown | Source: DailyMail

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