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Rinehart, Meghan and missing millions: Ralph & Russo’s fall from grace We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement At the 2019 Melbourne Cup, amid outcry in the lead-up over the treatment of racehorses (and a minor fracas about the scourge of midriffs in the exclusive Birdcage enclosure), billionaire mining magnate and Flemington regular Gina Rinehart took up position trackside in the Lexus marquee. On that day, Rinehart was wearing a red-and-white floral dress by Ralph & Russo, the London-based luxury brand founded by two Australians, the once romantically-linked Tamara Ralph and Michael Russo. Founded in 2010, the label is arguably most famous for creating the $95,000 dress Meghan Markle wore in the official portrait announcing her engagement to Prince Harry in December 2017, as well as dressing celebrities from Angelina Jolie to Nicole Kidman.

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