John Hancock (Australian businessman)

Last updated

John Hancock
Born
John Langley Hayward

(1976-01-02) 2 January 1976 (age 48)
CitizenshipAustralian
Education Phillips Academy
OccupationBusinessman
Children3
Parents
Relatives Lang Hancock (grandfather)

John Hancock (born 2 January 1976 as John Langley Hayward) is an Australian businessman. He is the son of Gina Rinehart and grandson of the late mining magnate Lang Hancock. [1] [2]

Contents

Early life

The son of English-born Greg Milton [3] and Australian Gina Rinehart, John Hancock was born John Langley Hayward. [4] His younger sister is Bianca Rinehart [5] and his two half-sisters are Ginia Rinehart and Hope Welker.

Milton subsequently changed his name to Greg Hayward. [4] John then changed his surname to Hancock, [6] a tribute to his grandfather after a dispute with his mother. Hancock was educated at the Phillips Academy in Andover, Massachusetts in the United States. [7]

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 listed5Increase2.svg$5.00  billion Increase2.svg
2018−not listed
2019 [13] [note 1] −not listed11Decrease2.svg$3.10 billion Decrease2.svg
2020 [11] 40Increase2.svg$2.05 billion Increase2.svg
2021 [14] 44Decrease2.svg$2.40 billion Increase2.svg
202245Decrease2.svg$2.43 billion Increase2.svg
2023 [15] 47Decrease2.svg$2.44 billion Increase2.svg
Legend
Icon Description
Steady2.svgHas not changed from the previous year
Increase2.svgHas increased from the previous year
Decrease2.svgHas decreased from the previous year

Notes

Related Research Articles

Langley Frederick George "Lang" Hancock was an Australian iron ore magnate from Western Australia who maintained a high profile in the spheres of business and politics. Famous initially for discovering the world's largest iron ore deposit in 1952 and becoming one of the richest men in Australia, he is now perhaps best remembered for his marriage to the much-younger Rose Porteous, a Filipino woman and his former maid. Hancock's daughter, Gina Rinehart, was bitterly opposed to Hancock's relationship with Porteous. The conflicts between Rinehart and Porteous overshadowed his final years and continued until more than a decade after his death.

<span class="mw-page-title-main">Gina Rinehart</span> Australian businesswoman (born 1954)

Georgina Hope Rinehart is an Australian billionaire mining magnate and heiress. Rinehart is the Executive Chairwoman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her father, Lang Hancock.

Paul Alexander Little is an Australian businessman and philanthropist. Little served as the managing director of Toll Holdings, an Australasian integrated logistics provider from 1985 until 2011 and retired from that position after 26 years service.

Gerry Harvey is an Australian entrepreneur best known for being the executive chairman of Harvey Norman Holdings, a company which runs Australian retail chain Harvey Norman. He co-founded it with Ian Norman in 1982.

<span class="mw-page-title-main">Harry Triguboff</span> Australian property developer and founder of Meriton (born 1933)

Harry Oskar Triguboff is a Chinese-born Australian billionaire real estate developer, and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry".

Bruce Gordon is an Australian businessman. He is the owner of the Australian television network, WIN Television through his ownership of WIN Corporation, the largest shareholder of Network 10 & the largest shareholder of the Nine Network, and holds a significant stake in Nine Entertainment Co.

John Gandel is an Australian businessman, property developer and philanthropist. He made his fortune in the development of commercial real estate as well as shopping centres located in Melbourne, Victoria.

Hancock Prospecting Pty Ltd is a leading Australian owned mining and agricultural business run by Executive Chairman Gina Rinehart and CEO Garry Korte. At stages of its trading, the company has been known as Hancock Prospecting Ltd, Hancock Resources Ltd, Hanwright Pty Ltd, Hancock & Wright Ltd, and Hancock Prospecting Pty Ltd.

<span class="mw-page-title-main">Xu Rongmao</span> Chinese-Australian entrepreneur

Xu Rongmao, or Hui Wing Mau in Cantonese, is a Chinese-Australian entrepreneur and billionaire, and the founder and the chairman of Shimao Property. Xu is estimated to be one of the largest property developers in Shanghai. According to Forbes in 2021, his net worth is estimated at $10.3bn.

The Financial Review Rich List, formerly known as the BRW Rich 200, is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth published annually in The Australian Financial Review Magazine, a supplement of The Australian Financial Review, published by Nine Publishing. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed.

Angela Bennett is an Australian mining heiress and businesswoman.

David Siang Hai Teoh is an Australian businessman. Until March 26, 2021, he was the executive chairman of TPG, a company he founded with his Taiwanese wife Vicky in 1992 after emigrating from Malaysia in 1986. He is also the founder and executive chairman of Tuas Limited, who owns Simba Telecom, a telecommunications company in Singapore.

Maurice Alter is an Australian billionaire property developer.

John Van Lieshout is an Australian billionaire, the founder and former owner of the Amart Furniture store chain.

Salvatore "Sam" Tarascio is an Italian-born Australian billionaire businessman. Tarascio owns a portfolio of commercial and industrial real estate across Melbourne, including a business park, two distribution sites, a large shopping mall and a market. In 1972 Tarascio founded Salta Properties, a privately owned company, after buying swampland and constructing a warehouse for Hoechst. Prior to entering the property market, Tarascio worked in pharmaceutical sales.

Leonard Hasting "Len" Ainsworth is an Australian businessman, most widely known for founding Aristocrat Leisure, one of the world's largest gambling-machine companies. He founded the company in 1953, and remained active until 1994; and later founded Ainsworth Gaming Technology, and was an executive director until 2019.

The Financial Review Rich List 2020 is the 37th annual survey of the 200 wealthiest people resident in Australia, published by The Australian Financial Review in The Australian Financial Review Magazine on 30 October 2020.

Judith Neilson is an Australian businesswoman and philanthropist with a passion for visual arts. Neilson is the co-founder of the White Rabbit Gallery in Sydney. She is a significant shareholder in Platinum Asset Management, a company co-founded by her former husband, Kerr Neilson.

The Financial Review Rich List 2021 is the 38th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 27 May 2021.

The Financial Review Rich List 2022 is the 39th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 26 May 2022.

References

  1. ↑ Garvey, Paul (20 May 2014). "Gina Rinehart misses wedding of son John Hancock". The Australian . Retrieved 29 May 2015.
  2. ↑ "House Of Hancock" (transcript). Australian Story. Australia: ABC TV. 2012. Retrieved 29 May 2015.
  3. ↑ "'I'm doing it for Lang': John Hancock". The Sydney Morning Herald . 13 September 2013. Retrieved 29 May 2015.
  4. 1 2 "Master John Langley Hayward Australia's richest baby". The Australian Women's Weekly. 11 February 1976. p. 13. Retrieved 14 January 2011– via Trove, National Library of Australia.
  5. ↑ "In 1976, Australia's richest family looked to be a happy unit. It's a different story 40 years later". ABC News. 18 August 2023. Retrieved 25 August 2023.
  6. 1 2 3 4 "John Hancock's 'conundrum' with mum Gina Rinehart". The Australian Financial Review . 3 December 2014. Retrieved 29 May 2015.
  7. ↑ "The mother of all feuds". The Sydney Morning Herald . 13 September 2013. Retrieved 29 May 2015.
  8. ↑ "Gina Rinehart - The Power of One". Four Corners . ABC TV. 20 June 2012. Retrieved 29 May 2015.
  9. ↑ "Gina Rinehart's son, John Hancock disputes TV portrayal. Says he still loves his mother". Perth Now. Archived from the original on 12 February 2015. Retrieved 29 May 2015.
  10. 1 2 "Rinehart's eldest daughter handed control of family's $4b trust". ABC News . Australia. 28 May 2015. Retrieved 29 May 2015.
  11. 1 2 Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed" . The Australian Financial Review . Nine Publishing. Retrieved 31 October 2020.
  12. 1 2 "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  13. ↑ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  14. ↑ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review . Retrieved 28 May 2021.
  15. ↑ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review . Retrieved 6 June 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.