John Hancock (Australian businessman)

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]

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

John Hancock
Born
John Langley Hayward

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

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.[1] 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 $5.00 billion
2018 − not listed
2019[2][note 1] − not listed 11 $3.10 billion
2020[1] 40 $2.05 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
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. 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.
  2. "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. "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. "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.
  11. "Rinehart's eldest daughter handed control of family's $4b trust". ABC News. Australia. Retrieved 29 May 2015.
  12. "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.


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