Details of the family feud between Australia’s richest person, Gina Rinehart, and her three oldest children have been reported after a court rejected her bid for privacy.
Her children claim the billionaire threatened them with bankruptcy if they did not give her full control of the multi-billion-dollar family trust, according to court documents.
Ms Rinehart said they were not suited to become trustees for “many reasons”.
The lawsuit was filed on 5 September.
The dispute revolves around the Hope Margaret Hancock trust set up by Lang Hancock, Ms Rinehart’s father, for her four children.
John Hancock, Bianca Rinehart and Hope Welker want to replace their 58-year-old mother as trustee. Their youngest sister, Ginia, has sided with their mother, saying that the case filed by her siblings “is motivated entirely by greed”.
For months, Ms Rinehart has tried to keep the details private, but a court rejected her request last week.
- BBC News