Gina Rinehart has taken a swipe at her children, suggesting they haven’t appreciated her efforts to save her father’s business and also claims Lang Hancock warned her about taking her mother’s share of Hancock Prospecting for her children.
“Dad correctly said to me, ‘Gina, you’ll rue the day if I let you take your mother’s shares for the benefit of the children’,” said the mining magnate on Monday night’s Australian Story.
“I didn’t agree with him at that stage but, you know, I think he was right.
“He was right because they don’t appreciate – as some of them should – that the efforts I went to, to have that for them and to save the company and build the company, which took a hell of an effort and which in turn increased the value of now what’s in the trust.”
Rinehart’s children, Bianca and John, won the case against their mother in May, in a Supreme court battle over the Hope Margaret Hancock Trust which is reportedly worth $4 billion, of which Bianca is now trustee.
John and Bianca also have another battle to fight against their mother over another family trust, which will take place in the Federal Court.
Gina was given control of the Hope Margaret Hancock Trust in 1992 when her father passed away, and said on the program she was taught the importance of work before his death.
“They say that if you give your children too much, they don’t get the joy out of work, they just want unearned things to keep falling from the sky. I think I’ve been the fortunate one,” said Rinehart.
It is first time Australia’s richest woman has spoken since she took part in an interview with The Weekly in 2013.
You can watch the two part special on Rinehart’s life here.
