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Rich List 2021: John Hancock on what it's like to be the son of Australia's richest woman Gina Rinehart


What it’s like to be the son of Australia’s richest woman
After a decade of legal fights with his mother, John Hancock is making his own way in the world. And so far the returns are good. The Rich List issue is out on Friday, May 28.
John Hancock: “For the first time in my life I had the ability to look after my family and also make decisions on investments.” 
May 25, 2021 – 12.04am
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It was December 2020, John Hancock and his family were checking into a hotel just outside of Dubai, and they were drawing attention. Not because anyone recognised him as the eldest child and only son of Australia’s richest person, Gina Rinehart. The problem was their luggage: along with suitcases, the Hancocks were hauling several pairs of snow skis. ....

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War of the Rineharts: How succession to Lang's iron ore throne 'may tear it all apart'


War of the Rineharts: How succession to Lang’s iron ore throne ‘may tear it all apart’
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War of the Rineharts: Bianca Rinehart is challenging her mother Gina to Hancock Prospecting’s Pilbara assets.
Credit:Fairfax Media
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It is a rare suggestion that Australia’s wealthiest woman Gina Rinehart could lose most of her $35.6 billion iron ore fortune over the price of a few printed court documents, but it is one floated before the West Australian Supreme Court in a bid to suppress a discovery action brought against her. ....

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FB Roundup: Birkenstock, Hancock Prospecting, L'Oreal


Arnault family’s L Catterton in rumoured Birkenstock takeover bid
Birkenstock, the sixth-generation family-owned business and the German footwear industry’s largest employer, could be the next $4.8 billion acquisition by the Arnault family’s private equity firm.
The comfortable “footbed” sandal maker, which traces its roots back to 1774, two years before the United States declared its independence, is the subject of an apparent bidding war between L Catterton and CVC Capital Partners. L Catterton is the largest consumer-focused private equity firm in the world, with $23 billion of assets under management. The Connecticut-headquartered firm was formed in 2016 from private equity firm Catterton, luxury goods giant LVMH and Groupe Arnault, the family holding company of billionaire principal Bernard Arnault. LVMH’s portfolio of 75 brands includes Louis Vuitton, Christian Dior and, most recently, the US jeweller Tiffany and Co. ....

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