Article courtesy of Herald Sun.
A raffle will be held this week to determine who gets the billionaire’s cash.
Australia’s richest person, said to be worth $34 billion, will hand $100,000 each to 41 lucky workers at her company, Hancock Prospecting, to mark her 41 years at the firm.
A raffle will be held this week to determine who gets the cash, The West Australian reported.
The generous round of bonuses coincides with Ms Rinehart’s 69th birthday on Thursday.
The mining mogul handed out $1 million in bonuses – $100,000 each to 10 workers – in a Christmas draw too.
One of the lucky recipients of the Christmas bonus had only been working for the company for three months.
Ms Rinehart also rewards workers through the Chairman’s Profit Share scheme, which hands workers a bonus dependent on the company’s overall performance.
The scheme is capped at 30 per cent of an employee’s salary.
Ms Rinehart pulled in a staggering $2.3 billion in dividends last financial year after Roy Hill generated a profit of $3.3 billion.
The figure represented a drop of 28 per cent compared to the previous year, due to lower prices of iron ore and trade wars with China.
Hancock owns a majority stake in the Roy Hill mine, at 70 per cent, followed by Marubeni Corporation at 15 per cent, then POSCO with a 12.5 per cent share and China Steel Corporation at just 2.5 per cent.
With the massive profit also came an eye-watering amount of necessary payments, with Roy Hill forking out $761 million in State Royalties and Native Title royalties and $2.1 billion on tax.
The company said it spent a further $2.3 billion to pay contractors for their work.
Mrs Rinehart thanked Roy Hill employees for “another great year” and said Australia benefited as a whole when her company did so well.
