John Hancock (Australian businessman)
John Hancock | |
|---|---|
| Born | John Langley Hayward 2 January 1976 |
| Citizenship | Australian |
| Education | Phillips Academy |
| Occupation | Businessman |
| Children | 3 |
| 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]
Early life
[edit]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
[edit]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
[edit]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 |
Notes
[edit]- ^[Note 1] : Forbes listed jointly with his sister, Bianca Rinehart, and half-sisters, Ginia Rinehart and Hope Welker.
References
[edit]- ^ Garvey, Paul (20 May 2014). "Gina Rinehart misses wedding of son John Hancock". The Australian. Retrieved 29 May 2015.
- ^ "House Of Hancock" (transcript). Australian Story. Australia: ABC TV. 2012. Retrieved 29 May 2015.
- ^ "'I'm doing it for Lang': John Hancock". The Sydney Morning Herald. 13 September 2013. Retrieved 29 May 2015.
- ^ a b "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.
- ^ "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.
- ^ a b c d "John Hancock's 'conundrum' with mum Gina Rinehart". The Australian Financial Review. 3 December 2014. Retrieved 29 May 2015.
- ^ "The mother of all feuds". The Sydney Morning Herald. 13 September 2013. Retrieved 29 May 2015.
- ^ "Gina Rinehart - The Power of One". Four Corners. ABC TV. 20 June 2012. Retrieved 29 May 2015.
- ^ "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.
- ^ a b "Rinehart's eldest daughter handed control of family's $4b trust". ABC News. Australia. 28 May 2015. Retrieved 29 May 2015.
- ^ a b 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.
- ^ a b "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
- ^ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
- ^ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
- ^ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.