Gina Rinehart loses control of $5b family trust

By Louise Hall
Updated May 29 2015 - 3:24pm, first published 2:35pm
Justice Paul Brereton appointed Bianca, 38, trustee of the Hope Margaret Hancock Trust, which was set up by her late grandfather Lang Hancock and is thought to be worth between $4 billion and $5 billion. Photo: Ben Rushton
Justice Paul Brereton appointed Bianca, 38, trustee of the Hope Margaret Hancock Trust, which was set up by her late grandfather Lang Hancock and is thought to be worth between $4 billion and $5 billion. Photo: Ben Rushton
The decision follows a bitter and public 3½-year war that saw Mrs Rinehart and her youngest daughter, Ginia, 28, pitted against her eldest two children, John, 39 and Bianca.
The decision follows a bitter and public 3½-year war that saw Mrs Rinehart and her youngest daughter, Ginia, 28, pitted against her eldest two children, John, 39 and Bianca.

John Hancock, the estranged son of Australia's richest person Gina Rinehart, has won an epic legal battle over control of the family's multibillion-dollar family trust, with his sister and ally Bianca Rinehart appointed trustee.

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