Entrepreneurs
Gina Rinehart Net Worth
Gina Rinehart built a massive fortune in the mining sector, turning a broken company into an industry leader, and making herself immensely wealthy.
What is Gina Rinehart’s net worth?
Net Worth: | $23 Billion |
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Age: | 70 |
Born: | February 9, 1954 |
Gender: | Female |
Height: | 1.74 m (5 ft 9 in) |
Country of Origin: | Australia |
Source of Wealth: | Businesswoman |
Last Updated: | Oct 3, 2024 |
Introduction
Gina Rinehart is the heiress to the Hancock Prospecting Group fortune with an estimated net worth of $23 Billion.
The company was founded by Gina’s father, Lang Hancock, whom she worked alongside from an early age to learn the business’s ins and outs. She is the executive chairwoman of her father’s company and Australia’s richest citizen.
Rinehart has succeeded in expanding the company since taking over, with her biggest break coming from the iron ore boom in the early 2000s.
Quick Facts
- With so much money at stake, there’s been a long battle between Gina and her children over the family trust.
- Gina is now Australia’s second-largest cattle producer, after acquiring hundreds of thousands of acres of farming land in 2016.
- In 1992, she became the executive chairwoman and majority shareholder in Hancock Prospecting.
- The West Australian government has named a mountain range after the family.
- She has been a patron for 4 teams in the Olympics and is the largest single non-government contributor in the whole of Australia’s Olympic history.
- To put her wealth in perspective, we estimate that Gina earns more than $1 million every 30 minutes.
Early Life
Georgina Hope Rinehart was born on 9 February 1954, in Perth, Australia.
She was the only child of Lang Hancock and her mother, Hope Margaret Nicholas. Gina grew up on a sheep and cattle ranch until the age of 8, before attending primary school.
She became a boarder at St. Hilda’s Anglican School for Girls in Perth, attending there until she completed her schooling.
Gina then went on to study economics at the University of Sydney before dropping out to start working with her father.
She gained a considerable amount of knowledge about the business during this time, which was to stand her in good stead for the challenges she faced after her father’s death.
Career
In March 1992, Gina’s father passed away, leaving a virtually bankrupt company for her to manage.
Not only did she become the Executive Chairman of Hancock Prospecting, but also the HPPL Group of companies. She applied for the Roy Holl Tenements five months after her father’s passing, and this became one of her company’s biggest assets.
She obtained Roy Holl Tenements in 1993 and focused completely on developing them and Hancock Prospecting. By raising capital through joint partnerships, she turned the leases into huge revenue-producing mines.
Since obtaining Roy Hill, Hancock Prospecting currently owns 50% of Hope Downs, giving it a 50% share of the profits made by the mine. Hope Downs mine is operated by Rio Tinto and produces 30 million tonnes of iron ore each year.
Since taking over, Gina has invested in copper, iron ore, gold, and coal as well as cattle and property. Taking her business ideas to the next level, she obtained a 10% stake in Ten Network Holdings in 2010.
Later that year, she also purchased a stake in Fairfax Media and two years later became its biggest stakeholder.
In 2015, she managed to obtain Fossil Downs, a huge cattle station and pastoral lease.
By 2012, Gina was being referred to as the richest woman in the world as a result of the growth of her companies. Despite her business success, she kept a low profile, avoiding the media.
In 2015, Gina announced the grand opening of one of Roy Hill’s largest mines, only 8 months after securing funding worth $7.9 billion. The next year, Hancock Prospecting made a deal to invest in the Sirius Minerals mining company.
Gina’s wealth has increased substantially, due to the iron ore-fuelled mining boom in the last decade. This resulted in the company becoming one of the largest privately owned businesses in Australia.
Gina Rinehart’s Net Worth Annually
Here’s a breakdown of Gina Rinehart’s annual net worth:
- 2013- $18 Billion
- 2014- $20 Billion
- 2015- $20 Billion
- 2016- $22 Billion
- 2017- $24 Billion
- 2018- $26 Billion
- 2019- $25 Billion
- 2020- $28 Billion
- 2021 – $30 Billion
- 2022 – $31 Billion
Personal Life
In 1973, Gina married Greg Milton and had two children, John Langley and Bianca Hope, before divorcing in 1981.
She was married a second time to Frank Rinehart, who worked as a German-American corporate lawyer. The couple had two children, Hope and Gina, before Frank passed away in 1990.
Gina’s four children have a strained relationship with their wealthy mother, and unfortunately, Gina hasn’t had the best of relationships with her son John.
Gina only attended her two younger daughters’ weddings due to the bad relationship between her and her elder children.
You can find out more about Gina from her official website, where she reveals her latest books, speeches, and photographs.
Awards & Achievements
Here are some of the more memorable moments from Gina Rinehart’s career:
- She received an order of merit in 2014 from the Australian Olympic organization for her contribution, something which is extremely rare.
- Gina was inducted into the Australian Prospectors and Miners Hall of Fame in 2020.
- She was awarded the Diggers and Dealers “Deal of the Year Award” in 2012, making it the first time this award was awarded twice to a chairperson.
- In 2020, Gina won the Diggers and Dealers Lifetime Achievement Award, making her the first female to win such an award.
- Under Gina’s direction, Roy Hill recently won the Australian Mining Prospect Award, Hard Rock Mine of the Year, and Australian Mine of the Year Award for 2022.
How Does Gina Rinehart Spend Her Money?
Gina loves cattle and purchased Fossil Downs, a ranch that stocks 15,000 cattle, for an estimated $25 to $30 million.
Even though Gina prefers to keep a low profile, her philanthropy work isn’t something to sneeze at. She is on the expert advisory board of SISHE, an organization against human trafficking and a major supporter of girl orphanages all over Cambodia.
She resides in luxury homes in various Australian cities and some of the most expensive cars in the world grace her garages.
And to top it all, she maintains one of the most expensive private jets in the world on standby, to take her anywhere in Australia or the world, at a moment’s notice.
Summary
Gina’s business acumen and ability to build a business is a truly impressive achievement. She provides a role model for women everywhere to look up to and shows that no matter your gender, you can still achieve magnificent dreams.
She has been described as an Australian patriot and continues to inspire people wherever she goes.
Through hard work and sacrifice, Gina is a self-made woman who has increased her wealth to a level that competes with the richest people on the planet.
Gina Rinehart’s net worth is estimated to be $23 Billion.
What do you think about Gina Rinehart’s net worth? Leave a comment below.
Entrepreneurs
Carlos Ghosn Net Worth
What is Carlos Ghosn’s net worth?
Net Worth: | $120 Million |
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Age: | 70 |
Born: | March 9, 1954 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Brazil |
Source of Wealth: | Entrepreneur |
Last Updated: | Oct 3, 2024 |
Introduction
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million.
Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.
Early Life
Carlos Ghosn was born on the 9th of March, 1954, in Porto Velho, Brazil.
He did his secondary studies in Beirut, Lebanon, at Collège Notre-Dame de Jamhour.
Ghosn graduated from École Polytechnique in engineering in 1978 and his postgraduate studies from the École des Mines de Paris.
Career
After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France.
In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America.
Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to the hyperinflation in Brazil. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989.
Rising Through The Ranks
In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company.
Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999.
While maintaining his previous roles, Ghosn became Nissan’s COO and was named its president in 2000 and CEO in 2001.
Ghosn was able to turn Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division.
In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously.
While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.
Ghosn’s Recent Business Deals
Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017.
Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman.
After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto.
However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company.
At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned.
In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.
Carlos Ghosn Net Worth
In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million.
Highlights
Here are some of the best highlights of Carlos Ghosn’s career:
- Ghosn is the chairman/CEO of Renault, AvtoVAZ, Nissan, and Mitsubishi Motors
- He was ranked as one of the 50 most famous men in global business and politics (2003)
Summary
Carlos Ghosn is a French-Lebanese-Brazilian businessman known as the “Le cost killer” and “Mr. Fix It”.
Thanks to his turnaround success at Nissan, Carlos gained celebrity status in the business world and was ranked as one of the 50 most famous men in global business and politics in 2003.
What do you think about Carlos Ghosn’s net worth? Leave a comment below.
Entrepreneurs
Rich Barton Net Worth
What is Rich Barton’s net worth?
Net Worth: | $2.1 Billion |
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Age: | 57 |
Born: | June 2, 1967 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Oct 3, 2024 |
Introduction
Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion.
Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover.
Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.
Early Life
Richard Barton was born on the 2nd of June, 1967, and raised in New Canaan, Connecticut.
Barton is the son of a teacher and mechanical engineer.
Barton graduated from Standford University in 1989. He then started working for Alliance Consulting Group and Microsoft in 1991. His forefathers, John Barton and his son Horace, were inducted into the 1999 South Dakota Tennis Hall of Fame.
Career
After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989.
In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project.
In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.
Making Billions
After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion.
Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry.
In December 2004, Zillow was incorporated in Washington and officially launched in February 2006.
The site included a home valuation tool, sales history, and value appreciation information upon launch. The site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic.
By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch.
In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015.
All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.
Maintaining Zillow
Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States.
However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable.
By July 2020, Zillow became one of the first companies to permanently allow employees to work from home. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021.
Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees.
That said, this didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow.
Now one of the richest people in the world, Rich Barton has undoubtedly lived up to his first name, earning billions through his business.
Rich Barton Net Worth
In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion.
How Does Rich Barton Spend His Money?
Rich Barton spends his money on real estate.
Rich Barton’s Home and Other Spendings
Barton owns a home in Seattle, Wahington. Barton Has A $700 million stake in Zillow and plans to turn it into a home-flipping machine.
Highlights
Here are some of the best highlights of Rich Barton’s career:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Summary
Rich Barton is an American entrepreneur and businessman best known for being the Zillow Group CEO.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.
He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship.
What do you think about Rich Barton’s net worth? Leave a comment below.
Entrepreneurs
Russell Simmons Net Worth
What is Russell Simmons’ net worth?
Net Worth: | $340 Million |
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Age: | 66 |
Born: | October 4, 1957 |
Gender: | Male |
Height: | 1.76 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Oct 3, 2024 |
Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million.
Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957.
He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians.
Career
During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.
From Rap To Riches
The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”
In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.
That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.
Simmons’ Vegan Advocacy
Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.
Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.
His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.
Signing Lil Skies And Jack Harlow
Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.
In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.
To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.
Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.
Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.
Estimated Net Worth
Highlights
Here are some of the best highlights of Russell Simmons’ career:
- Co-founded Def Jam (1983)
- Krush Groove (Movie, 1985)
- Launched Clothing Line (1992)
- Sold Phat Farm (2004)
Summary
Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.
What do you think about Russell Simmons’ net worth? Leave a comment below.
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