John Hancock (Australian businessman)

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For other people named John Hancock, see John Hancock (disambiguation).

John Hancock
Born
John Langley Hayward

1976 (age 44–45)
CitizenshipAustralian
EducationPhillips Academy
OccupationBusinessman
Children3
Parent(s)
Relatives
  • Lang Hancock (grandfather)
  • Hope Hancock (née Nicholas) (grandmother)
  • Bianca Rinehart (half-sister)

John Hancock (born 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.[3][4]

Early childhood and education[]

The son of English-born Greg Milton[5] and Australian Gina Rinehart, John Hancock was born John Langley Hayward.[6] His younger sister is Bianca Rinehart and his two half sisters are Ginia Rinehart and Hope Welker.

Milton subsequently changed his name to Greg Hayward.[6] John Hancock changed his surname to Hancock,[7] 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.[8]

Hope Margaret Hancock Trust[]

In 2010, Hancock and his sister, Hope Welker, and half-sister, Bianca Rinehart, 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 the late grandfather.[7] John Hancock quoted as responding to a question about living off the family trust fund:[9]

“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[10] and have indicated they agree 90 percent of the time.[7] It is the ten percent which causes the difficulties.[7]

The NSW Supreme Court handed down its decision by appointing Bianca Rinehart as trustee of the Hope Margaret Hancock Trust.[11] Their mother already agreed to step aside as trustee and wanted consultation on who should replace her.[11]

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.[12] 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, Hope Welker, and half-sisters, Bianca Rinehart, and Ginia Rinehart.[13]

Year Financial Review
Rich List 		Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2017[13][note 1] − not listed 5 Increase $5.00 billion Increase
2018 − not listed
2019[2][note 1] − not listed 11 Decrease $3.10 billion Decrease
2020[12] 40 Increase $2.05 billion Increase
2021[1] 44 Decrease $2.40 billion Increase
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

Notes[]

  • ^[Note 1] : Forbes listed jointly with his sister, Hope Welker, and half-sisters, Bianca Rinehart, and Ginia Rinehart.

References[]

  1. ^ a b Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  2. ^ a b "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  3. ^ Garvey, Paul (20 May 2014). "Gina Rinehart misses wedding of son John Hancock". The Australian. Retrieved 29 May 2015.
  4. ^ "House Of Hancock" (transcript). Australian Story. Australia: ABC TV. 2012. Retrieved 29 May 2015.
  5. ^ "'I'm doing it for Lang': John Hancock". The Sydney Morning Herald. 13 September 2013. Retrieved 29 May 2015.
  6. ^ a b "Master John Langley Hayward Australia's richest baby". The Australian Women's Weekly. 11 February 1976. p. 13. Retrieved 14 January 2011 – via Trove, National Library of Australia.
  7. ^ a b c d "John Hancock's 'conundrum' with mum Gina Rinehart". The Australian Financial Review. 3 December 2014. Retrieved 29 May 2015.
  8. ^ "The mother of all feuds". The Sydney Morning Herald. 13 September 2013. Retrieved 29 May 2015.
  9. ^ "Gina Rinehart - The Power of One". Four Corners. ABC TV. 20 June 2012. Retrieved 29 May 2015.
  10. ^ "Gina Rinehart's son, John Hancock disputes TV portrayal. Says he still loves his mother". Perth Now. Retrieved 29 May 2015.[dead link]
  11. ^ a b "Rinehart's eldest daughter handed control of family's $4b trust". ABC News. Australia. Retrieved 29 May 2015.
  12. ^ a b Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  13. ^ a b "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
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