John Hancock (Australian businessman) explained

John Hancock
Birth Name:John Langley Hayward
Birth Date:2 January 1976
Citizenship:Australian
Education:Phillips Academy
Occupation:Businessman
Children:3
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

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, 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.[6]

Hope Margaret Hancock Trust

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.[7] 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. It is the ten percent which causes the difficulties.

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.

Net worth

Hancock appeared on the Financial Review Rich List for the first time in 2020 with a net worth assessed at 2.05 billion. Hancock appeared on the Forbes list of Australia's 50 richest people for the first time in 2017, with a net worth of 5.00 billion, held jointly with his sister, Bianca Rinehart, and half-sisters, Ginia Rinehart and Hope Welker.

YearFinancial Review
Rich List
Forbes
Australia's 50 Richest
RankNet worth (A$)Rank
2017[11] not listed
2018not listed
2019[12] not listed$3.10 billion
2020[13] $2.05 billion
2021[14] $2.40 billion
2022$2.43 billion
2023[15] $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

Forbes listed jointly with his sister, Bianca Rinehart, and half-sisters, Ginia Rinehart and Hope Welker.

References

  1. Web site: Gina Rinehart misses wedding of son John Hancock . 29 May 2015 . Garvey . Paul . . 20 May 2014.
  2. Web site: House Of Hancock . transcript . Australian Story . . Australia . 2012 . 29 May 2015.
  3. Web site: 'I'm doing it for Lang': John Hancock . . 13 September 2013 . 29 May 2015.
  4. News: Master John Langley Hayward Australia's richest baby . The Australian Women's Weekly . 11 February 1976 . 14 January 2011 . 13 . Trove, National Library of Australia.
  5. News: 18 August 2023 . In 1976, Australia's richest family looked to be a happy unit. It's a different story 40 years later . en-AU . ABC News . 25 August 2023.
  6. Web site: The mother of all feuds . . 13 September 2013 . 29 May 2015.
  7. Web site: John Hancock's 'conundrum' with mum Gina Rinehart . 29 May 2015 . 3 December 2014 . The Australian Financial Review.
  8. Web site: Gina Rinehart - The Power of One . . . 20 June 2012 . 29 May 2015.
  9. Web site: Gina Rinehart's son, John Hancock disputes TV portrayal. Says he still loves his mother . https://web.archive.org/web/20150212063659/http://www.perthnow.com.au/news/western-australia/gina-rineharts-son-john-hancock-disputes-tv-portrayal-says-he-still-loves-his-mother/story-fnhocxo3-1227211385965 . dead . 12 February 2015 . Perth Now . 29 May 2015.
  10. News: Rinehart's eldest daughter handed control of family's $4b trust . . 28 May 2015 . Australia . 29 May 2015.
  11. News: Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars . 28 September 2019 . Forbes Asia. 1 November 2017.
  12. News: 2019 Australia's 50 Richest. 28 September 2019. Forbes Asia. January 2019.
  13. Web site: The full list: Australia's wealthiest 200 revealed. subscription. The Australian Financial Review. Nine Publishing. 30 October 2020. Bailey, Michael. Sprague, Julie-anne. 31 October 2020.
  14. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 27 May 2021 . 28 May 2021.
  15. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 26 May 2023 . 6 June 2023.