
Rinehart the pride of WA
When Gina Rinehart took over Hancock Prospecting after the death of her father Lang Hancock in 1992, she inherited a company on the brink. Far from the powerhouse it is today, Hancock Prospecting had significant debts, and many of its assets were under mortgage. West Australians know well how the story goes from here (even if some east coast pundits prefer to ignore it). Mrs Rinehart has worked tirelessly in the three decades since to transform her family business into the most successful private company in Australia’s history.