Hancock earns $2.8b as Rinehart warns on ‘woke’

By Jack McGinn

Gina Rinehart has slammed ‘woke propaganda’ while announcing a post-tax $2.8 billion profit for her sprawling diversified private company Hancock Prospecting.

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Data & Insights

Family offices

1^st	-	Hancock Prospecting	$40.71b
2^nd	-	Tattarang	$32.10b
3^rd	-	Australian Capital Equity	$12.26b
4^th	-	AMB Holdings	$7.66b
5^th	-	Perdaman	$4.85b

117 family offices ranked by estimated wealth

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Private Companies - Large

1^st	-	Hancock Prospecting	$11.58b
2^nd	-	Hancock Iron Ore	$7.52b
3^rd		VGW	$6.13b
4^th	-	Multiplex	NFP
5^th	-	Byrnecut	$3.10b

154 private companies - large ranked by WA revenue most recent financial year

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Family Business Dynasties

30^th	-	Kounis Group	1953
31^st	-	McIntosh & Son	1955
32^nd	-	Hancock Prospecting	1955
33^rd	-	Floveyor	1958
34^th	-	LAI Group	1958

70 family business dynasties ranked by year established in WA

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Latest Headlines

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At Close of Business podcast October 30 2026

Sam Jones speaks to Tom Zaunmayr about Lubdub, a Perth-based medical technology company looking at cardiovascular imaging.

News 30 Oct 2026

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Property 30 Oct 2026

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3 Nov 2026

Politics & Business breakfast with the Hon. Simone McGurk MLA

Join the Hon. Simone McGurk MLA as she discusses her portfolio priorities and what that means for the state’s business community.

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Future of Philanthropy: Unlocking the Generosity of WA

Join Business News and Minderoo Foundation for the Future of Philanthropy: Unlocking the Generosity of WA lunch, bringing together senior leaders to explore the trends reshaping the sector.

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30 Oct 2026

At Close of Business podcast October 30 2026

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30 Oct 2026

Mark My Words October 30 2026

Mark Pownall is joined by Gary Adshead and Jack McGinn to talk about the big events in business and politics in WA including Alcoa's royalty rates, the Browse project, Greater Sunrise, Bonaparte Gulf carbon capture, FMG's AGM, the Rich 100 launch and a preview of next week's magazine.

29 Oct 2026

At Close of Business podcast October 29 2026

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28 Oct 2026

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Shining a light on the WA not-for-profits making a difference in our community.

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Leading with purpose: Peter King, ASM and the next chapter for Ronald McDonald House Western Australia

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Philanthropy Australia Chief Executive Officer Maree Sidey at the 2026 Conference

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Thought Leadership 27 Oct 2026 Sponsored

Cruise season helping expand ‘down south’ to go global

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Business Perspectives 28 Oct 2026 Sponsored

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Copper rock chip found by Estrella Resources in Timor-Leste

Bulls N' Bears 13 Jul 2026 Sponsored

Estrella hits huge copper numbers in Timor-Leste

Estrella Resources' exploration program in the southeast nation of Timor-Leste has unearthed two super high-grade samples of copper at its Sica prospect, grading 60.34 per cent and 50.8 per cent respectively. The head-turning rock chip grades follow high-grade manganese rock chip samples assaying up to 55.7 per cent at the prospect, in addition to 57.8 per cent manganese rock samples also discovered at its Leuro prospect.

Hancock earns $2.8b as Rinehart warns on ‘woke’

Data & Insights

Latest Headlines

At Close of Business podcast October 30 2026

Shares finish the week higher as banks improve

BGC building end in sight

Offsite collapse hits builders

Offsite collapse hits builders

Rio Tinto to anchor EQ office tower

Sector Briefing: Residential builders

Events

Politics & Business breakfast with the Hon. Simone McGurk MLA

Future of Philanthropy: Unlocking the Generosity of WA

Podcasts

At Close of Business podcast October 30 2026

Mark My Words October 30 2026

At Close of Business podcast October 29 2026

Bulls N' Bears

Big Hits: New Murchison Gold, Elk Range Mining and WhiteRock Lithium

ASX Runners of the Week: NGX Limited, RBR Group and Eden Innovations

Estrella snares 27,000-tonne Timor-Leste manganese sale

Rich surface samples open new silver frontier for Patriot in Peru

Forrestania inks fresh ore deal to feed hungry WA gold hub

Right Resources clocks 90% gold recoveries in NSW met test

Hearts & Minds

Leading with purpose: Peter King, ASM and the next chapter for Ronald McDonald House Western Australia

WA is one of Australia's wealthiest states. Is its philanthropy keeping pace?

Thought leadership & business perspectives

Cruise season helping expand ‘down south’ to go global

Why apartments make sense in a softer Perth market

Business advice

Bend-tech Group Achieves ISO 9001, 14001 and 45001 Triple Certification for Quality, Safety and Environmental Management

WA's Skilled Migration Lifeline Is Getting More Complicated, Here's What Employers Need to Know

The Real Cost of a Bad Hire Shows Up Six Months Later

Mining’s Boom-and-Bust Cycle Is Creating Workforce Uncertainty — But Projects Still Need People

Announcements

Leith Ayres joins Pragma Lawyers

Ngarliyarndu Bindirri Aboriginal Corporation (NBAC) enters new phase of community-led growth under CEO Michael Greene.

AGEM buys $12.3m Wembley commercial property

Estrella hits huge copper numbers in Timor-Leste

Data & Insights

Family offices

Private Companies - Large

Family Business Dynasties

Trending

Politics & Business breakfast with the Hon. Simone McGurk MLA

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At Close of Business podcast October 30 2026

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