Following years of legal wrangling, Gina Rinehart and her children appear close to a settlement that has the potential to leave billions to charity. Her children have long urged their mother to leave the bulk of the family estate to philanthropic ventures and the efforts seem to finally have borne fruit after the children seized control of a $3 billion trust. The Rineharts, if a settlement is reached, would be following in the footsteps of tycoons such as Bill Gates and Warren Buffet who have pledged their fortunes to charity and actively court other super-wealthy to follow in their charitable footsteps.
See, Feud Over Mining Mogul’s Fortune Could Yield Charity Bonanza, The Chronicle Of Philanthropy, July 30, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
