Mining magnate Chris Ellison has cashed out a $122 million chunk of his stake in Mineral Resources, diversifying into a new family office as his net worth hits $2 billion on the back of a share price surge.

Mining magnate Chris Ellison has cashed out a $122 million chunk of his stake in Mineral Resources, diversifying into a new family office as his net worth hits $2 billion on the back of a share price surge.