Hope Margaret Hancock Trust
In 2010, Hancock and his sister, Bianca Rinehart, and half-sister, Hope Welker, launched action in the Supreme Court of New South Wales against their mother in relation to the operation of a family trust fund established by their late grandfather. [6] Hancock was quoted as responding to a question about living off the family trust fund: [8]
"Well it'd be nice if I was, but I have all the bad things about having money and none of the good things."
Despite his difference with his mother, he still loves her very much [9] and has indicated they agree 90 percent of the time. [6] It is the ten percent which causes the difficulties. [6]
The NSW Supreme Court handed down its decision by appointing Bianca Rinehart as trustee of the Hope Margaret Hancock Trust. [10] Their mother already agreed to step aside as trustee and wanted consultation on who should replace her. [10]
Net worth
Hancock appeared on the Financial Review Rich List for the first time in 2020 with a net worth assessed at A$2.05 billion. [11] Hancock appeared on the Forbes list of Australia's 50 richest people for the first time in 2017, with a net worth of US$5.00 billion, held jointly with his sister, Bianca Rinehart, and half-sisters, Ginia Rinehart and Hope Welker. [12]
| Year | Financial Review Rich List | Forbes Australia's 50 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | Net worth (US$) | |
| 2017 [12] [note 1] | − | not listed | 5 | $5.00 billion |
| 2018 | − | not listed | ||
| 2019 [13] [note 1] | − | not listed | 11 | $3.10 billion |
| 2020 [11] | 40 | $2.05 billion | ||
| 2021 [14] | 44 | $2.40 billion | ||
| 2022 | 45 | $2.43 billion | ||
| 2023 [15] | 47 | $2.44 billion | ||
| Legend | |
|---|---|
| Icon | Description |
 | Has not changed from the previous year |
| Has increased from the previous year |
| Has decreased from the previous year |