Gina Rinehart: Australia’s richest person selling off $300m portfolio

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Gina Rinehart: Australia’s richest person selling off $300m portfolio

Australia’s wealthiest person, Gina Rinehart is selling off around $300m of her incredible property portfolio and an area 50 per cent bigger than Greater Sydney. The mining magnate has put parts of her livestock and cattle stations real estate portfolio in the Northern Territory and Western Australia on the market. According to the AFR, the sell off is around 20 per cent of the agricultural land owned by Ms Rinehart. In WA, Ms Rinehart is planning to offload Nerriama Station and leaseholds in Ruby Plains and Sturt Creeks. Investing now to participate in the Australian supply response is an enormous opportunity,” Elders’ general manager of real estate, Tom Russo, told the AFR.

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