Rinehart Family Feud: Expect More Dirty Linen as NSW Supreme Court Rejects Ginia’s Bid for Arbitration Instead of Public Hearing (VIDEOS)
Aussies could expect their favourite soap opera, starring the country's richest family, to resume soon, following the decision by the New South Wales Supreme Court to reject the appeal by Ginia Rinehart, the youngest heiress of the mining magnate Gina Rinehart, to resolve their family feud via arbitration.
Followers of the Rinehart soap opera could expect more juicy and personal details of the family members who are battling for control of a trust fund established by the patriarch for his grandchildren.
In the last episode of the Rinehart Wars, which Gina Rinehart, the richest person in Australia with an estimated net worth of $18 billion, it was revealed that one of her estranged adult daughter, Hope Welker, had separated from her husband and is distressed financially.
The two other adult children, John Hancock and Bianca Rinehart - who together with Hope filed the lawsuit in 2011 to remove their mum as head of the family trust for her alleged deceitful way - are similarly suffering from tight finances.
In contrast, Ginia, who opted to side with her mum, is enjoying the good life, has a nice car, lives in a mansion with the mining magnate with lots of help for their daily life and is an executive at Hancock Prospecting. Her perks would certainly be the envy of other siblings from a different father.
These factors are elements that make the Rinehart family feud more interesting, leading Aussies to expect more juicy stuff in the coming days as the court ruled that the trial would be public.
Ms Rinehart, the matriarch and at the heart of the family soap, had done her part to avoid another expose on the family secrets when he stunned the judge earlier this week that she agrees to step down as head of the family trust.
However, despite her decision, John and Bianca are not budging and are insisting on a public trials in October just to prove their contention that their mum's decision is the result of "her own misconduct."
The two believe that their mum was misleading them when she said vesting the family trust would make the adult kids liable to capital tax and would only result in their bankruptcy. But John and Bianca do not buy Mum's alibi and insist she should not have moved the vesting date by 25 years when it should have vested when sister dearest Ginia turned 25 in 2011.
Family bickering over money is not new to the Rineharts since this, in fact, is a rehash of a similar wealth dispute between Gina Rinehart and Rose Porteous, the second wife of Lang Hancock, over the money he left her when he died a few years ago.
Here's a peek at the life of Ms Porteous, post Lang Hancock, enjoying her inheritance that Ms Rinehart allegedly failed to prevent from being given to her dad's former housemaid-turned-wife.