Three children of Australia's richest person, Gina Rinehart, were "motivated entirely by greed" in taking their mother to court for control of a family trust, their youngest sister said. Iron ore billionaire Rinehart, ranked 29th on Forbes' global rich list with an estimated wealth of more than US $18 billion, has been embroiled for months in the legal dispute with three of her four children.
On Friday, she lost a High Court bid to keep the proceedings out of the media, prompting her son John Langley Hancock, and her youngest daughter and ally in the case, Ginia Rinehart, to issue statements. "This case is motivated entirely by greed and I have no doubt that one day soon my brother and sisters will regret putting money before family," Ginia commented.
She said it was "very painful" that the dispute over control of a family trust had become so public, adding that Gina Rinehart was a "loving and hard-working mother (who) has only ever wanted the best for children". The row stems from a family trust set up by Gina Rinehart's father, the late Lang Hancock, in 1988 with the four grandchildren as the beneficiaries.
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