Despite having been in the public eye for most of her working life as a result of
her large number of Aussie businesses, Gina Rinehart remains unquestionably
an enigma to most of us, rarely conducting media interviews.
“I have a problem in Australia, where too often I’m misrepresented, even
misquoted by media,” Mrs Rinehart says, of the constant media interest in her. “I
don’t think I’m the only one who has such a problem though.”
Focussing on her loyal staff rather than herself on her 70th birthday, Mrs Rinehart
handed out $7 million to a lucky 70 people from among the 4000 plus staff
across all of her businesses. The gifts were raffled in [after tax] $100,000 lots, 40
in December as part of her mother’s birthday celebrations and the other 30
handed out to mark her actual birthday last week.
Giving away cash and prizes to staff isn’t just limited to milestone birthdays – she
does something every year through her Chairman’s Profit Share which is given
away each year on the 7th December, her mother’s birthday, and can be up to
30% of a staff members base salary.
This year, every staff member also received a $175 voucher to spend at Drizabone or Rossi Boots – two iconic Aussie businesses and the latest additions
to what is fast becoming Gina Rinehart Fashion Inc.
Drizabone, which started in Australia in 1898, was purchased in very early
December. Just a few weeks later, 114 -year old company Rossi Boots was added
to the apparel portfolio. With the rumoured plans for full production to return to
Australia, the first new products will be out in August using only Australian
leather from one of Mrs Rinehart’s agricultural businesses to keep operations
fully integrated in-house.
For Mrs Rinehart, the purchase of two quintessential clothing manufacturers is
personal, cultural and patriotic.
“The decision to acquire Drizabone and Rossi was driven by a deep regard for
the outback, agriculture and iconic Australian brands,” Mrs Rinehart explains.
“Both brands embody the Australian heritage – resilience, quality, sturdiness
in harsh conditions, and a deep connection to our land. Qualities and a
heritage we deserve to be proud of. For me, this is more than a business
venture; it's about our national history and important heritage. These brands
have clothed our farmers, our soldiers, and our Olympians.”
The fashion front row are ready for a battle of the billionaire boot
owners, with fellow mining magnate Andrew “Twiggy” Forrest taking
control of R.M.Williams.
She is strong on the Government setting an environment that encourages
local manufacturing.
“I’m not one for governments choosing companies to support financially
with taxpayers’ money, they rarely choose well, I prefer a more fair
basis, one that enables companies to thrive if they work hard and
remain cost competitive. To see Australian living standards rise, and
Australians then able to afford their own homes and provide for their
families, we need healthy thriving businesses without subsidies and to
value investment,” she says.
Former Northern Territory Chief Minister Adam Giles has been appointed
to find Aussie businesses that could join the family.
“We are on the lookout for opportunities to elevate Australian brands,
especially those that align with our heritage and important Aussie
values,” Mrs Rinehart says. “Such heritage and Aussie values have been
a hallmark, indeed the foundation, of our nation since the pioneering
days, and helped to build our country.
“We would like to help showcase internationally, the best of what
Aussies can offer.”
Mining and agriculture have, and will always be, the foundation of her
business.
The mining interests are of course partly linked to her late father Lang
Hancock, albeit Roy Hill will be her own lasting legacy and now provides
the greatest revenue across the companies. Agriculture comes from her
Hancock lineage who opened up the Northwest with WA’s first stations
as well as Mrs Rinehart’s maternal grandfather. He eventually owned all
of the iconic Cobb and Co. coach company in Western Australia which
helped take people, water, gold, money, equipment, mail and supplies,
and opened up regional areas to the major cities.
Asked to describe the highlight of her own career at the helm of her
business, she is clear.
“Saving our family company and making it not only the most successful
private company in Australia’s history, and one of the leading private
mining companies in the world, but also a company that is respected
internationally. I love to hear our staff say that our company is the best
they’ve ever worked for, and the best company in Australia,” Mrs
Rinehart says.
The Roy Hill Iron Ore Mine in WA’s Pilbara region remains the jewel in
the Rinehart business crown. The company fully owns atlas, and
co-owns the Hope Downs Mines with Rio Tinto.
Roy Hill has its own port berth at Port Hedland to export iron ore directly
to its partners in Japan, Korea, China, India and Vietnam and has plans
to grow capacity to almost double its sales globally.
From multiple cattle and dairy farms across the country, their beef is
sold to 25 countries, including Australia. Bannister Downs is the
award-winning main consumer milk brand and Kidman Pies are already
a household name in South Australia, Western Australia and
Queensland and increasingly across Australia. Grain, Barley and cotton
crops form part of the wider agricultural success story.
Most recently she bought Bunbury Farmers Market, north of the foodie
haven of Margaret River, which showcases all of the region’s local food,
beverages and agriculture.
On the back of controversial industrial relations changes recently
passed in Canberra, Mrs Rinehart says lobbying politicians on behalf of
SME’s for business-friendly policies remains a priority.
“Indeed, if you want to maintain the value of your hard-earned dollar,
and if you want to see jobs in (the) future for your children, you need a
return to common sense policies,” she insists.
"To encourage more Australian businesses to consider Australia as a
base for manufacturing and production, it is essential to create an
environment conducive to investment and business growth. This
importantly includes reducing government tape and bureaucratic
regulation hurdles that are time consuming, expensive and stifle
entrepreneurial spirit.
“Australia is at a crossroads. We are in need of common sense and
urgent responsible action. Government policies need to change and be
more conducive to investment, business growth and international
competitiveness, if we don’t want to lose our living standards. We have
the potential to be a world leader in various sectors.
“Regulations and government interventions don’t solve problems.”
A significant portion of her business gains are poured into sport.
She is the biggest private donor to sport in the country, giving more
than $60 million to swimming, synchronised swimming, volleyball and
rowing up to the Tokyo Games. It will be more than $100 million by the
time of Australia’s home Olympics in Brisbane in 2032.
“This support is not just financial; it's also about providing personal
support. These athletes represent our country, and their success on the
global stage brings pride to Australians. They provide opportunities to
be inspired by the best of the human spirit, hard work, perseverance
and resilience, values that resonate deeply with me,” she says.
In addition, she funds student places at Bond University for swimmers
who don’t have to pay for their tuition and can continue to train for the
Olympics.
Some of these athletes are now fronting campaigns to promote her
range of businesses including milk and beef.
She prefers not to discuss her private philanthropic endeavours, but her
support of war veterans is also well known.
More than 250 retired service men and women are employed across
her companies to enable them to try to adjust back to normal life after
national service.
When she finally hangs up her boots - Rossi of course - she is very clear
on how she would like to be remembered.
“I receive a book each year from our staff, around Chrissie time, and as
my staff know, this is my favourite book,” she says. “In it they write
about what they’ve been able to afford thanks to their job and the
Chairman’s Profit Share, often including photos. I love to hear, they can
save for their home, pay off their mortgage faster than they ever
dreamed possible, do the home extensions or improvements they
want, help their family members with sad health problems, bring
overseas family members to visit in Australia, pay for private education,
let their wives stay home if they chose to care for the family - which
again many thought they would never be able to do - support their
children in sport, buy safer cars, donate to charities and more. I’d love
to be here long enough to see all our employees pay off their homes.”
To celebrate life as a septuagenarian, she will throw a party in Perth for
staff who have worked for her for seven or more years.
So, does Mrs Rinehart’s celebration of her milestone include some
downtime?
“I do like swimming time when I can, great to have that space to think,”
she says.
And with such a vast and growing Aussie business empire, she still has
plenty to think about.
Story by Editor Mitch Catlin - Australian Life Magazine