FX.co ★ Australian billionaire offers $300 bn to her daughter

The Australia’s richest entrepreneur and the owner of Hancock Prospecting iron-ore company Gina Rinehart offered her daughter Hope Welker A$300 billion dollars (or US$306 dollars) for the claim’s remission, The Australian reports citing Welker’s email exchange between Hope and her sister Ginia.
In particular, Hope asked Ginia to pay for the studies of her daughter April. Ginia answered roughly that Hope should get $300 billion offered by the mother.
According to the media, Welker finally withdrew from the proceedings. However, there are no official confirmation about the agreement between Gina Rinehart and Hope.
It was previously reported that Hope, Bianca, and John, Gina’s three children, are saying the lawsuit against their mother. John and Bianca are still seeking to have their mother removed as the head of the family trust Hope Margaret Hancock which acquires 23.6% of Hancock Prospecting voting shares.
The company’s founder Lang Hancock, Gina Reinhart’s father, said earlier that four of his grandchildren are to get stakes in the company when Ginia, the youngest one, becomes 25.
Hancock’s daughter was appointed as the CEO. In September 2011, when Ginia was 25, Rinehart carried the father’s will over 2068. Helped by her management, Gina increased Hancock Prospecting value to $10 billion by 2011 while two years before Hancock’s death it was estimated at $125 billion. According to the Forbes, Rinehart’s worth net is $18 billion.
The Australian’s richest woman says her children have no knowledge and experience to run the company while she, being a child, got all the necessary skills from her father. As the result, Hope, Bianca, and John sued their mother over management of a multibillion-dollar trust. Ginia has sided with her mother in the dispute.