Gina Rinehart holds firm on Forbes rich list with $US17.4bn

Mulga Downs

Hancock Prospecting executive chairman Gina Rinehart.

Hancock Prospecting chair Gina Rinehart has been joined by her children on the 2018 Forbes rich list.

Gina Rinehart held on to the same Australian and global positions on the list as 2017 — 1st and 69th respectively — with a fortune of $US17.4 billion ($22.3 billion).

Meanwhile, Gina Rinehart’s four children — John Hancock, Bianca Rinehart, Ginia Rinehart and Hope Welker — have emerged on the 2018 list, ranked 1756th with $US1.3 billion.

The wealth of Gina Rinehart’s children has increased considerably off the back of income from a family trust that owns more than 23 per cent of Hancock Prospecting.

Fortescue Metals Group chair Andrew Forrest was the next Australian mining identity to feature on the list in 480th spot with a $US4.4 billion fortune.

Forrest fell from 261st spot in 2017 when it was reported that he was worth $US5.7 billion.

Other mining-related Australians to make the latest list were Kerry Stokes (766th with $US3.1 billion) and Angela Bennett (1394th with $US1.7 billion).

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