I think that’s supposed to be about (one of) the rich heiress’ kids. Although it’s amusingly ambiguous.
Particularly because the linked story doesn’t actually “expose” any “secret lives of luxury” – it just lists the countries they’re now living in. WHAT A SCOOP. Oh, and it links to the tendered security report. DO YOUR OWN “JOURNALISM”.
But that’s the “analysis” you’ll get on news.com.au. If you wanted something of substance, you’d have been better off with yesterday’s Crikey, which pointed out:
Joking aside, bear in mind the logic of Rinehart’s suppression order: that no one should know anything about her because if they do, they might discuss her online, and therefore the risk that “organised criminals”, “petty” criminals, “deranged persons”, “issue-motivated groups”, “foreign governments” and “terrorists” might harm her or her family is increased.
On that basis, no wealthy individual or company should be discussed anywhere, ever. And this woman fancies herself as a media mogul?
So don’t be too angry with News, Gina. At least they didn’t bother discussing any of the pertinent questions.
PS Keep in mind that any comments to this post could well wind up in a future Rinehart affidavit.
24 Comments
Pick my comment, Gina, pleeeeaase!!1!
You are never, in a million years, going to make anything but a hash of media ownership, for one very simple reason: you have never had to do a lick of managerial work in your life. All you had to do was sit tight while your old man gifted a big bunch of dirt to you, dirt that the rest of the world wanted so badly they would pay billions to get it. You have never had to actually manage your companies because a platoon of toady managers do all that for you. Like other famous business children, such as Packer and those two Murdoch dunces, the minute you decide you can actually make a business decision, it all goes immediately wrong. OneTel, anyone?
Like those jerks at the H.R. Nicholls Society and the IPA?
That’s all so true, monkeywrench. Gina has made so many baaaaad decisions that, as a result, she can afford to buy all of Fairfax out of her petty cash. We all hope things get even worse for her so she can afford to buy Crikey too!
Don tinfoil hats.
I notice none of the talk of Rinehart’s media purchases mention the return on the investment. eg: Can she expect a 6% return on her investment?
If she is just looking for a place to voice her opinion and considering the large sums of money involved, would it be more viable to start up a new paper? That way she can have the editor she wants, 100% control, run the ads she wants, hire the staff she wants, and she doesn’t have to fire anybody or fight the board on any decision.
Monckton in a room full of mining moguls suggesting they set up a Fox News-type operation in Oz and the UK. Can you spot the elephant in the room?
http://www.youtube.com/watch?feature=player_embedded&v=aX2kMAfJggU
“Gina has made so many baaaaad decisions that, as a result, she can afford to buy all of Fairfax out of her petty cash. ‘
Yes. And she and her old man worked so hard for it. Why, if I recall correctly her Dad Lang got lost while flying his plane and found a red valley which he knew must have been iron. With the indomitable spirit of the Australian entrepreneur, he claimed it, and then got someone else to develop it. Lang did do some development work. In Rumania. With Nicolai Ceaușescu. And Brian Burke. And gosh, that worked out well.
But of course Gina showed us how an Australian entrepreneur really does it. Why, when she sued Rose Hancock for Lang’s fortune she couldn’t have had more than five QC’s on her side.
Makes you proud to be Australian. And really, we should be using nuclear bombs to build harbours in northern Australia. I mean, that’s what Lang wanted,wasn’t it?
Gina’s on track to be the richest person in the world. And yet, there she was, standing on the back of that flatbed truck. Wearing her pearls and Rolex. “The Rolex Revolution”. Telling us how wicked a superprofits tax was.
You serfs! Don’t you know that’s what good for Gina is, ipso-facto good for Australia? If Gina had her way, every part of Australia, except for Tasmania, would be a tax free zone. No taxes, cheap foreign labour… What’s not to like?
Yes. When Gina dips into her spare change, the rest of us should stand in awe. Let her buy Fairfax. Let her buy Channel 10. Let her buy everyone. 10 million will buy me Gina. Spare change surely?
You miss the point, Col (for a change /irony). She doesn’t need to lift a finger to make money. She doesn’t need to make decisions to make money. She could have made this money in an induced coma. Circumstances have gifted her billions; I don’t mind that. What I do mind is the assumption (made by right-wing divots like you) is that this equates to some kind of moral superiority, and therefore she should be allowed to foist her crap political views on Australia via a huge media purchase.
Col, you are having your country and its government bought and sold from under your sorry arse, and you haven’t the wits to complain.
Green is certainly your colour there, Wrench.
Yep, inheriting a $30 million dollar annual income was an extremely wise decision on Gina’s part Capt’n, it really is a testament to her amazing business savvy that she thought to be related to Lang Hancock.
I kind of wish i had thought of it myself, to be honest…
Yup, Gina’s decision to be born into the family she was has served her well. If only we all made the decision to be born to parents that make billions.
Hey, arseholes, you too can buy Fairfax and foist your, “crap political views on Australia”.
Don’t grizzle. Just do it.
Howard dips a toe into Lake Witty. Actually I am happily, comfortably off, Howard, and if I was offered billions to be magically metamorphosed into an obese female with hideous right-wing views and a dysfunctional relationship with my children, I would knock it back quite smartly. You, of course, would leap at the chance, wouldn’t you, Howard.
Oh Howie, you are a knee slapper…you billionaire bootlicker
No more comments attacking Rinehart’s personal appearance.
Me too. I’m comfortable, no financial stress but most importantly I’m happy, I’m sure inheriting massive wealth would do nothing but complicate matters, for a kick off I wouldn’t be able to sleep at night knowing I’m obscenely wealthy whilst millions don’t even have enough to eat. Philanthropy would be the way I reckon I could lessen my guilt, I take my hat off to the likes of Gate and Buffet. I wonder how much Reinhart gives away and to what causes?
“I don’t care too much for money cos money can’t buy me love”
Oh my favorite idiotic non-argument…don’t you know we can all be mining and media magnates? It’s just an attitude problem!
Indeed Aliar. All I need is 192 friends each with a million dollars lying about that they can’t think of anything to do with.
On the Rinehart-Fairfax matter, this is interesting:
Gina Rinehart’s plans for Fairfax
Hey, arseholes, you too can buy Fairfax and foist your, “crap political views on Australia”.
Don’t grizzle. Just do it.”"
Splendid idea Col, just think, you can buy your own Army be boss, and get to be that warrior you always dreamt about. Then we can write about your glorious deeds in our very own rag.
“I wonder how much Rinehart gives away and to what causes”
Well, according to her son, i know one thing she DOESN’T contribute money to….the welfare of her own children and grandchildren (y’know, the ones who’s welfare she recently used as an excuse for why she shouldn’t be subjected to media scrutiny)
“…she won’t share a penny to help protect her grandchildren from the risks she – the trustee of our family trust – is creating by her own actions….to any kidnappers out there…if you think you’re going to get anything from my mother, good luck.”
http://au.news.yahoo.com/thewest/a/-/newshome/12805697/son-breaks-his-silence-in-rinehart-battle/
So Captain “I believe my scientists” Col supports The Elites using their wealth to silence their critics. Why does he hate freedom?
I suspect in the long term most Australians won’t stand for a woman who became wealthy mining state assets buying up media in order to “convert” the public. We aren’t that stupid (except, of course, Col).
Despite denials from the usual suspects, Rinehart’s intentions are becoming increasingly obvious. With any luck her heavy-handedness will backfire and we’ll wind up with stricter cross media ownership laws again.
Judging by the lack of success of the Bolt Report, most Australians don’t want what she’s selling.
Gina Rhinehart is certainly a very good argument for a whopping inheritance tax.
Here’s one for those poor underprivileged potentially uninsured unsupported young people out there Youtube;Rhino Skin – Tom Petty and The Heartbreakers, the lyrics are very revealing.lol
Hello Ms. Rinehart, I am rich Nigerian businessman, who think help you muchly. I understand you need to give money to your starving children. I know about poverty, I see it in my land. If you give me your bank details, I need to transfer money out of my country, I will let you keep 10%.
A wish of love and compassionness!