John Hancock (Australian businessman)

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]

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

John Hancock
Born
John Langley Hayward

2 January 1976 (1976-01-02)
CitizenshipAustralian
EducationPhillips Academy
OccupationBusinessman
Children3
Parents
RelativesLang 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 Hancock 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 the late grandfather.[6] John Hancock 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 have 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, Hope Welker, and half-sisters, Bianca Rinehart, and Ginia Rinehart.[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 Increase $5.00 billion Increase
2018 − not listed
2019[13][note 1] − not listed 11 Decrease $3.10 billion Decrease
2020[11] 40 Increase $2.05 billion Increase
2021[14] 44 Decrease $2.40 billion Increase
2022 45 Decrease $2.43 billion Increase
2023[15] 47 Decrease $2.44 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. Garvey, Paul (20 May 2014). "Gina Rinehart misses wedding of son John Hancock". The Australian. Retrieved 29 May 2015.
  2. "House Of Hancock" (transcript). Australian Story. Australia: ABC TV. 2012. Retrieved 29 May 2015.
  3. "'I'm doing it for Lang': John Hancock". The Sydney Morning Herald. 13 September 2013. Retrieved 29 May 2015.
  4. "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.
  5. "In 1976, Australia's richest family looked to be a happy unit. It's a different story 40 years later". ABC News. 18 August 2023. Retrieved 25 August 2023.
  6. "John Hancock's 'conundrum' with mum Gina Rinehart". The Australian Financial Review. 3 December 2014. Retrieved 29 May 2015.
  7. "The mother of all feuds". The Sydney Morning Herald. 13 September 2013. Retrieved 29 May 2015.
  8. "Gina Rinehart - The Power of One". Four Corners. ABC TV. 20 June 2012. Retrieved 29 May 2015.
  9. "Gina Rinehart's son, John Hancock disputes TV portrayal. Says he still loves his mother". Perth Now. Archived from the original on 12 February 2015. Retrieved 29 May 2015.
  10. "Rinehart's eldest daughter handed control of family's $4b trust". ABC News. Australia. 28 May 2015. Retrieved 29 May 2015.
  11. 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.
  12. "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  13. "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  14. Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  15. Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
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