Gina Rinehart Wants To Step Down As Head Of Her $5 Billion Trust

Photo: Getty/Paul Kane

Australia’s richest person Gina Rinehart has offered to step down as head of a family trust at the centre of a long-running legal dispute.

According to ABC News the mining magnate’s lawyers told the NSW Supreme Court Rinehart would step down, with a new head of the trust to be decided through mediation.

Rinehart’s role at the head of the $5 billion trust was set to come under scrutiny at a trial next week. Two of her children were seeking to have her removed, alleging misconduct.

The billionaire’s lawyers said her offer should mean the matter is now over.

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