The mining magnate Gina Rinehart is Australia’s biggest landholder, controlling more than 9.2m hectares, or 1.2% of the entire landmass of the country, according to data compiled by Guardian Australia.
Rinehart rockets to the top of the list when the land she controls through three different companies is combined. The area she controls is about 40% greater than the company that tops the list on a stand-alone basis, the Australian Securities Exchange-listed Australian Agricultural Co.
Another Western Australian miner, Andrew “Twiggy” Forrest, and his wife, Nicola, are also among Australia’s biggest landholders, with 1.5m ha of pastoral leases. The couple also control their land through three companies – Harvest Road Group, Forrest & Forrest and Red Sky Stations.
Other individuals and families with substantial holdings include South Australia’s MacLachlan family, who control an estimated 3.6m ha of pastoral land, Queensland’s Brook family (at least 3.27m ha) and Queensland’s McDonald family (at least 2.78m ha).
Sign up here to get the Australia’s Modern Outback newsletter emailed direct to you
The list of the largest pastoral landowners in Australia was compiled as part of Guardian Australia’s Who Owns Australia? mapping project (read more about the methods here), and relies on a combination of state and territory titles data as well as publicly available information about the owners of pastoral leases.
The number of pastoral leases for which we have some idea of ownership is just over half of Australia’s pastoral leases by area, which means there is still a large section of leases we don’t know anything about in terms of ownership. As such, these estimates come with a degree of uncertainty.
A spokesperson for Rinehart declined to comment.
Company documents show that she controls her vast spread through three companies – her flagship, Hanco*ck Prospecting, and two subsidiaries, Australian Outback Beef and S Kidman & Co.
She has an outside investor in Australia Outback Beef and S Kidman, the Chinese group Shanghai CRED, which owns about a third of each.
Hanco*ck and Shanghai CRED bought S Kidman in 2016 for a price reported to be in excess of $386m after a previous bid by a Chinese group was blocked by the then-treasurer, Scott Morrison.
Rinehart’s vast land holding is set to shrink because she put eight cattle stations, totalling 1.9m ha, up for sale in March. The properties, which collectively run 108,000 head of cattle, are located in WA’s Kimberley region and across the top of the Northern Territory.
Despite the large scale of the landholding, Hanco*ck Prospecting’s financial accounts show the cattle business is far less lucrative than the company’s main source of income, iron ore.
In the 12 months to the end of June last year – the latest period for which accounts are available – Hanco*ck Prospecting received $10.4bn in revenue from mining and just $140m from agriculture.
Rinehart remains Australia’s richest individual, with an estimated net worth of $36.38bn, according to the Australian. Her wealth reportedly increased by $20bn in the last year, with Hanco*ck Prospecting posting a record net profit of $4bn in the 2020 financial year.
Read more of our Modern Outback series here
As a seasoned expert in land ownership and resource extraction, it's evident from the article that the mining magnate Gina Rinehart holds a significant position in Australia's land landscape. According to data compiled by Guardian Australia, Rinehart is the country's largest landholder, controlling over 9.2 million hectares, which accounts for 1.2% of the entire landmass of Australia.
What sets Rinehart apart is her control over this vast expanse through three different companies: her flagship, Hanco*ck Prospecting, and its two subsidiaries, Australian Outback Beef and S Kidman & Co. The strategic use of multiple entities allows her to consolidate her holdings and secure a prominent position as the top landholder in the country. Additionally, it's worth noting that Rinehart's land control surpasses that of other major players like the Australian Agricultural Co, making her the leader by a significant margin.
The article sheds light on the broader landscape of major landholders in Australia, mentioning other prominent individuals and families with substantial holdings. Notable figures include Andrew "Twiggy" Forrest and his wife Nicola, who, like Rinehart, control significant land through various companies. The MacLachlan family in South Australia, the Brook family in Queensland, and the McDonald family in Queensland also feature prominently among the largest pastoral landowners.
The compilation of this list is part of Guardian Australia's "Who Owns Australia?" mapping project, and the methodology involves a combination of state and territory titles data along with publicly available information on pastoral leases. However, the article acknowledges a degree of uncertainty due to the incomplete data on ownership, covering just over half of Australia's pastoral leases by area.
Despite Rinehart's extensive land holdings, the financial accounts of Hanco*ck Prospecting reveal that the cattle business, associated with a portion of her land, contributes far less to the company's revenue compared to its main source of income—iron ore mining. In the latest available financial data, Hanco*ck Prospecting generated $10.4 billion in revenue from mining and only $140 million from agriculture in the 12 months ending June of the previous year.
This information provides a comprehensive overview of the key players and dynamics in Australia's land ownership, showcasing the intricate interplay between mining, agriculture, and individual fortunes in the nation's economic landscape.
