John Hancock (Australian businessman)
Australian businessman (born 1976)
From Wikipedia, the free encyclopedia
John Hancock (born John Langley Hayward; 2 January 1976) is an Australian businessman. He is the son of Gina Rinehart and grandson of the late mining magnate Lang Hancock.[1][2]
2 January 1976
John Hancock | |
|---|---|
| Born | John Langley Hayward 2 January 1976 |
| Citizenship | Australian |
| Education | Phillips Academy |
| Occupation | Businessman |
| Children | 3 |
| Mother | Gina Rinehart |
| Relatives | Lang Hancock (grandfather) |
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,[6] 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.[7]
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.[6] 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.[6] It is the ten percent which causes the difficulties.[6]
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.[10]
Net worth
Hancock appeared on the Financial Review Rich List for the first time in 2020 with a net worth assessed at A$2.05 billion.[11] Hancock appeared on the Forbes list of Australia's 50 richest people for the first time in 2017, with a net worth of US$5.00 billion, held jointly with his sister, Bianca Rinehart, and half-sisters, Ginia Rinehart and Hope Welker.[12]
| Year | Financial Review Rich List |
Forbes Australia's 50 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | Net worth (US$) | |
| 2017[12][note 1] | − | not listed | 5  |
$5.00 billion |
| 2018 | − | not listed | ||
| 2019[13][note 1] | − | not listed | 11  |
$3.10 billion |
| 2020[11] | 40 |
$2.05 billion |
||
| 2021[14] | 44 |
$2.40 billion |
||
| 2022 | 45 |
$2.43 billion |
||
| 2023[15] | 47 |
$2.44 billion |
||
| 2024[16] | 50 |
$2.67 billion |
||
| 2025[17] | 57 |
$2.69 billion |
||
| Legend | |
|---|---|
| Icon | Description |
 |
Has not changed from the previous year |
|
Has increased from the previous year |
|
Has decreased from the previous year |