John Hancock (born 2 January 1976 as John Langley Hayward) is an Australian businessman. He is the son of Gina Rinehart and grandson of the late mining magnate Lang Hancock.[1][2]
Early life
The son of English-born Greg Milton[3] and Australian Gina Rinehart, John Hancock was born John Langley Hayward.[4] His younger sister is Bianca Rinehart[5] and his two half-sisters are Ginia Rinehart and Hope Welker.
Milton subsequently changed his name to Greg Hayward.[4] John then changed his surname to Hancock,[6] a tribute to his grandfather after a dispute with his mother. Hancock was educated at the Phillips Academy in Andover, Massachusetts in the United States.[7]
Hope Margaret Hancock Trust
In 2010, Hancock and his sister, Bianca Rinehart, and half-sister, Hope Welker, launched action in the Supreme Court of New South Wales against their mother in relation to the operation of a family trust fund established by their late grandfather.[6] Hancock was quoted as responding to a question about living off the family trust fund:[8]
"Well it'd be nice if I was, but I have all the bad things about having money and none of the good things."
Despite his difference with his mother, he still loves her very much[9] and has indicated they agree 90 percent of the time.[6] It is the ten percent which causes the difficulties.[6]
The NSW Supreme Court handed down its decision by appointing Bianca Rinehart as trustee of the Hope Margaret Hancock Trust.[10] Their mother already agreed to step aside as trustee and wanted consultation on who should replace her.[10]
