By KATE LEAVER
Gina Rinehart is the world’s richest woman.
And let’s be honest – she’s also one of the least likable people in the public sphere. Last Wednesday, Rinehart released a video that shows how far removed she is from the reality most Aussies inhabit. Take a look:
I’ll warn you, it’s a painful 9mins 55 seconds. Gina was addressing the Institute of Public Affairs – but like Taylor Swift when she wins an Australian Country Music award – Gina spoke to her people via video message. The video has now been circulated around the world as the Gospel Of The Obscenely Wealthy And Unhinged.
Let’s take a quick refresher course in all things Gina: Gina is in charge of the family trust set up by her father, Lang Hancock, in 1988. It’s the trust fund to end all trust funds – Gina’s dad was doing more than sending her to school with a gold coin for her Dollarmite account, that’s for sure.. Hancock’s grandchildren – Gina’s children Hope, Bianca and Ginia Rinehart, and John Hancock – were scheduled to inherit their share in September last year.
Ginia sided with her mother, and the other three children took her to court for what they called “her deceptive, manipulative and disgraceful conduct.” You’ll perhaps remember Hope’s plea in particular – she lives in Singapore with her family and lives on around $60,000 each year, despite the immense wealth to which she is now legally entitled.
Gina Rinehart tried to keep her legal battles private – something I would usually respect – but this case is a blatant attempt to cover up reprehensible behaviour. Gina has claimed that the income tax on her kids’ trust fund dividends would send them bankrupt – something that was officially declared untrue on Wednesday, September 12. She tried to push the date her kids could access their money to 2068, but has finally relinquished power this week, according to her lawyers.