Rinehart family emails released as court secrecy lifts
It was the day billionaire mining magnate Gina Rinehart fought against but in the end she couldn’t keep the details of a family rift from becoming public. Three of Rinehart’s own children took their mother to court to have her removed as the head of the family trust – which controls a large portion of the family’s vast wealth – because she attempted to have herself kept on, and in control, long into the future. Mrs Rinehart, who is worth $17.1 billion, emailed her son and three daughters just days before the trust was to vest, warning they each faced a potential capital gains tax liability of $100 million. But she refused – and still does – to show them the tax advice documents.
A statement from Rinehart’s solicitor read:
“The plaintiff children have seen fit not to follow sound advice from family friends that if they are not happy they should go out and earn for themselves.
“The children have enjoyed very privileged lives, all have enjoyed private schooling, private tutors, private summer schools, extensive holidays overseas, designer clothes, private health care, expensive jewellery and (or) watches.
“Additionally the plaintiffs have each chosen multi million homes with water views and swimming pools to enjoy.”
“Any prolonging of this unnecessary and irresponsible action and fishing trip and lawyer feast will cause continuing media attention and greater jeopardy for the safety of you and your children and family.
“Ryan’s instructions to pursue splitting – i.e. settling of the Trust first – are also misconceived. His game plan … to appoint a new Trusteee and request that new Trustee seek a ruling from the ATO is flawed and risky and not in your best interests to say the least.
“It was again absolutely unnecesary given the significant divident payments that were to start for you in January 2012, payments far, far greater than what you have been receiving from the Trust, and which could have continued to keep you in Netjets, expensive homes and an increasingly very privileged lifestyle for life. Without you having to work one day but given the work I’ve done could have had all this from January 2012.
“So please act responsibly and stop this litigation.’’
– All you need to know about Gina Rinehart the woman and the business can be found right here.
Iranian women pose nude to protest sex oppression
It’s the least expected form of protest but these Iranian women, living in exile from a brutal regime, have posed nude to protest the massive gender inequality in their home country. The women posed naked for photos and a video with slogans like ‘I believe in the equality of women and men’ and ‘my thoughts, my body, my choice’. The women said they were motivated to make some noise for all those who could not while still living within Iranian borders for fear of reprisals.
Top Comments
I feel very sorry for Gina's situation. She works incredibly hard and she deserves to stay as private as possible. Adult children can be extremely difficult at the best of times and family situations shouldn't be fodder for gossips.