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Gina Rinehart

Australia's Rinehart family feud risks spilling over to business

A bitter legal battle between Gina Rinehart and her children over control of Australia's largest mining fortune could ultimately lead to a shift of power in the board room and loosen the tycoon's legendary grip on her business empire.Asia's richest woman is being sued by two of her children who accuse Rinehart of breaching her duty as the sole trustee of a $4 billion family trust. She denies acting improperly and recently agreed to step down as trustee.But the feud, which has gripped Australia as details of the family's testy relationships have been laid bare in personal emails tendered to the court, still has a risk of playing out in the boardroom of privately held Hancock Prospecting Pty Ltd.With the disputed trust and Rinehart the only shareholders, her power over Hancock Prospecting has been virtually absolute as the sole trustee of the fund for her four children.So the appointment of a new trustee could have major ramifications in the two-year legal battle with her eldest two chil...

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