Gina Rinehart and her Endless Success
February 3, 2012 by Guest Post
Filed under Success Stories
‘Success never comes along, but through stern determination, perseverance and God’s grace’. A successful person is one who works hard but smartly. All of us would have certainly read about several successful stories of great men. But having read about a successful woman, I decided to compile about her and her achievements in brief. Hard work can make a man rich but can it make a woman the richest on Earth? Yes, this has been made utterly possible and the cogent evidence is none other than, ‘Gina Rinehart- The Iron lady of Australia’.
Georgina Hope Rinehart, the richest woman in Australia
Source: http://www.abc.net.au/
Several magazines have reported Rinehart’s success stating that Georgina Hope Rinehart or Gina Rinehart, the richest person in Australia will soon become the richest person (woman) on Earth in just a few years from now. It is said that she will surpass both Carlos Slim and Bill Gates (currently the richest persons in the world) to become the richest person in the world. In a man-dominated world like ours, one would definitely be keen to know how this lone lady was able to achieve this unbelievable status at such an early age. To know more, let us briefly explore about her story and her success routes.
Early Life
Georgina Hope Rinehart was born on 9th of February 1954 at Perth in Australia to the late mining magnate Lang Hancock and late Hope Margaret Nicholas. She studied at St Hilda’s Anglican School for Girls in Perth and later studied economics at The University of Sydney. Then she worked for her father as his Personal Assistant and gained extensive knowledge about iron-ore industry. Gina married twice, first to an Englishman Greg Milton whom she divorced later and then to Frank Rinehart who died in the year 1990.
Her Growth
Langley Hancock, Gina Rinehart’s father discovered the world’s largest iron ore deposits when she was just 38 years old. Then she inherited a debt-ridden iron ore company, ‘Hancock Prospecting’ from her father. After that, Gina Rinehart showed steady progress and started earning profit year after year through iron ore projects running in Western Australia and also through royalty payments received from mining companies with whom her father had negotiated. She also has few coal projects in Galilee Basin.
This 57 year old (as of 2011) woman has been amassing wealth for decades and has been subsequently appearing in almost all business magazines which mentioned her as one of the richest persons in Australia. Citigroup estimates that she would become the richest person in a few years from now as she is the sole owner of the huge property and does not have any share holders to pay for.
Into Business
After the death of her father Lang Hancock in 1992, she became the Executive Chairman of HPPL and the HPPL Group of companies. In due course, she started off with legal fight with her step mother over her father’s death and also over Hancock’s assets which took 14 long years to complete. Later, she gradually developed those Hancock’s undeveloped iron ore deposits into operable mines which in turn earned her huge profits. As on 2010, Gina Rinehart’s daughter, Bianca Rinehart was the Director of most of the Hancock companies and also the member of the executive management team.
Georgina Hope Rinehart and Lang Hancock, her father
Source: www.brisbanetimes.com.au
Wealth Status
After the death of Rinehart’s father in 1992, her name appeared for the first time in the Business Review Weekly (BRW) in the Rich 200 list in the year 1992. And year after year, her name has been appearing in several magazines. In the year 2006, her name appeared in the billionaires list. Ultimately in the year 2010, news flashed in magazines declaring Gina as the richest woman in Australia and in the year 2011 she was declared as the richest person in Australia.
Her name first appeared among Australia’s 40 richest persons in Forbes magazine when her wealth estimate touched the mark of US$1 billion. Thereafter it doubled to US$2.4 billion in the following year and more than trebled to US$9 billion in the year 2011. Her growth did not stop here. Both Forbes and BRW declared her as the richest woman in the year 2011.
As per Citigroup’s prediction, Rinehart will soon overtake Carlos Slim whose wealth estimate is US$74 billion and also Bill Gates whose estimated wealth is US$56 billion. Reports say that owing to an increase in iron and ore production, Rinehart’s wealth is expected to touch a dazing US$100 billion.
Georgina Hope Rinehart and Ginia Rinehart, her daughter
Source: www.brisbanetimes.com.au
Successor of the Dynasty
Recent reports reveal that Rinehart’s youngest daughter Ginia Rinehart has been appointed as the director of Hancock Prospecting. Now, it is the world’s richest and wealthiest dynasty that has mining projects spread over Queensland, Western Australia and also stake investments made in Fairfax Media and Ten Network Holdings. Of her four children, three of them except Ginia Rinehart have filed case against her in the NSW Supreme Court to remove her as the head of the family trust that took control of nearly 25 percent of the family’s wealth. Reports also say that Ginia Rinehart was appointed as the director of Hope Downs Marketing Company that has a tie up with another giant mining company, Rio Tinto.
Rinehart’s Fortune
As already mentioned Gina Rinehart will achieve the title of ‘World’s richest person’ in few years from now, beating the current richest persons. This is due to the fact that she does not have any shareholders and that she holds all rights of the company.
Amazing but Real
Although this woman has achieved this status during a short period of time, it is shocking to read about three of her four children having filed a case against her asking for her removal as the trustee of the multi billion company. In fact, this company was set up by Rinehart’s father Mr Hancock announcing his four grand children as its beneficiaries before he died.
Although several factors lie behind the success of a man, one of the common factors that we see in SUCCESSFUL persons is their DEVOTED HARD WORK. Hence, let us reshape our minds in order to apply this concept to fulfil our dreams. Good Luck, Rich Girls!
Author Bio: Writer Bini pens on latest market trends, electronics, technology, shopping, free samples, offers, politics, health services, health benefits, public sector services, public sector benefits and more.
Subscribe to Rich Girl’s Club via email or RSS to get more great posts like this one.
Join Rich Girl’s Club on Facebook! 
Marbella – Rich Girls holiday spot
May 26, 2010 by Rich Girl
Filed under Marbella, Rich Travel
Summer is just around the corner and it is time to pack for an unforgettable adventures and luxurious relaxation on the beach. I love summer, the most amazing things in my life happened to me during three summer months and that’s why I am so anxious. Have you already planned your summer holiday?! Are you going to stay in your house in Hampton or travel around the world? As I mentioned before I will spend my summer 2010 in Marbella with lots of parties and occasional trips throughout Europe. And as I am going to be here it is only logical that I would love to share more information about this glamorous and luxurious resort city with you.
Marbella is a high-profile place and I am even not afraid to call Marbella as the one of the most luxurious resort towns in the world. Marbella is the mix of Saint-Tropez and Monte Carlo with huge marina and exquisite parties, with numerous villas of some of the richest people on Earth. Marbella is a Mecca of prestigious charm and up scale living. If you are looking for relaxing retreat or an upbeat getaway for parties and entertainment, Marbella can meet any request with ease. Super-rich Saudi princes, Hollywood and various sports stars, European royalty and billionaire tycoons choose Marbella for their vacation and living.
You can find anything you are looking for in Marbella – numerous golf courses, tennis courts, famous Puerto Banus – with great number of bars and nightclubs, yachts, celebrities, glamour and exclusive and expensive designer boutiques, casino, cinema, beach clubs and much more. So, guess I have managed to convince you that Marbella is the perfect Rich Girls’ hang out place for summer. And I haven’t even mentioned about the parties yet!!
The parties here are crazy! Imagine spraying vintage champagne all day long on each other?! This happens in Ocean Club’s famous Sunday Champagne Spraying Parties and Nikki Beach’s Champagne World Tour Party. These are the most luxurious parties with rivers of expensive champagne, beautiful people, sun and music. Last year, OCEAN CLUB was the biggest outlet in the World for Veuve Cliquot largely due to Champagne Spraying parties where over 2000 bottles got sprayed throughout the afternoon. Legendary SINTILLATE CHAMPAGNE SPRAYING SUNDAY PARTIES at OCEAN CLUB are taking place at the end of every month. This year on 30th May, 27th June, 25th July and 29th August. The cheapest entry for this party is 100 Euros, including 1 bottle VL. But Rich Girls usually party with friends and no doubt order Super VIP Square for 12 people, which cost 2975 Euros. Here is the video of one of such events happened in the past:
If you need more up-to-date information about Marbella Champagne Party at Ocean Club 2011 click here.
Nikki Beach Champagne World Tour Parties are different, but also lots of fun and the nearest will take place on Saturday, July 24th. And, yeah, if you want to get better picture about Marbella and Puerto Banus check out my video (if you haven’t done it already) So, Rich Girls, what do you think? Am I going to see you in Marbella this summer or what?!
Yours,
Subscribe to Rich Girl’s Club via email or RSS to get more great posts like this one.
Join Rich Girl’s Club on Facebook!
Inspiration for this post gathered on: http://www.oceanclub.es http://www.sintillate.co.uk http://www.nikkibeach.com/marbella http://www.dailymail.co.uk
Michael Kors – luxury lifestyle
October 21, 2009 by Rich Girl
Filed under Rich Fashion, Rich Photos
Rich Girls love Michael Kors designs and I am not the exception.
Actually, I am not into brands, I love things which are of good quality and for me label doesn’t mean a lot. But there is one brand I adore and this brand is Michael Kors. Maybe it is because me and the label were born at the same year?!
I love Michael Kors’ boutique on Rodeo Drive, I have already bought a bag, a purse, a jacket, boots, a couple of sweaters, jeans and a lot of other things there and I know that I will come back for more!!
Not only I love this brand among the celebrities who have worn Michael Kors’ designs are Jennifer Lopez, Elissa, Heidi Klum, Jessica Simpson, Jennifer Lopez, Madonna, Angelina Jolie, Sharon Stone, Catherine Zeta-Jones, Charlize Theron, Pierce Brosnan, Barbara Streisand, Gwyneth Paltrow, Anjelica Huston, Kate Bosworth, Sigourney Weaver, Usher, Liv Tyler, Rene Russo etc. Joan Allen wore his gown when she was nominated for an Academy Award for “Best Actress” for her role in The Contender. In addition, Jennifer Garner wore a custom creation as an Academy Award presenter in 2006.
As it states on the Michael Kors official website:
Michael Kors is the leading American fashion designer for luxury accessories and sportswear. The company’s heritage is rooted in producing polished, sleek, sophisticated American sportswear with a jet-set attitude. Whether Aspen, Palm Beach or Capri, our mission is to bring our vision of a jet-set, luxury lifestyle to women and men around the globe. Our products, emblematic of the highest standard of quality, include apparel, accessories and beauty. Our lifestyle-driven company embraces the highest standards of creativity, quality, technology and human resources.
Michael Kors began his career in fashion at the age of 19 designing and merchandising a collection for the renowned boutique Lothar’s in New York City. The success of these clothes caught the attention of the fashion press, prompting Kors to strike out on his own. In 1981 the Michael Kors label was formed; his first women’s collection was launched at Bergdorf Goodman and Saks fifth avenue, among other stores. Since his collection was established, it has never strayed from Kors’ initial vision of chic, luxurious American sportswear.
Michael Kors collection flagship boutiques are located in the United States on Madison avenue, at the Americana Manhasset and on rodeo drive in Beverly Hills; international boutiques are located in Hong Kong and Dubai.
Michael Kors received Dupont’s first American original award in 1983 and was awarded the Elle/Cadillac Fashion Award for Excellence in 1995. In addition, he has won two CFDA awards, the most prestigious award in the fashion industry. In 1999, he received the CFDA award for womenswear designer of the year and in 2003, he received the CFDA award for menswear designer of the year. Michael has been a judge on the Emmy-nominated reality television program Project Runway, which currently airs on Bravo.
One more reason why I love Michael Kors is that you don’t need to be super rich to wear his designs and look glamorous and hot. His bags, shoes and outwear are worth saving your money for 
Writing this post and looking at these pictures made me feel like rushing to Rodeo Drive!
See you there Rich Girls
Update: check out the post about my visit to brand new Michael Kors boutique in Paris.
Yours,
Subscribe to Rich Girl’s Club via email or RSS to get more great posts like this one.
Like Us on Facebook!
Pictures on this post are taken from official Michael Kors website. You can see a lot more pictures and designs on Michael Kors website as well as shop online there!
Here on Rich Girl’s Club I just posted my favorite Michael Kors’ designs.
