Gina Rinehart Takes an 8.4% Position and Dominates MP Materials’ Shareholder Ranks
Gina Rinehart’s bold stake in MP Materials reshapes the global rare earths power map as Australia’s mining titan aligns with America’s critical minerals strategy.
Gina Rinehart, Australia's undisputed wealth heavyweight with a net worth clocking in at $32.3 billion, has just elbowed her way to the top of the shareholder podium at MP Materials Corp., the premier US producer of rare earth elements. Through her powerhouse private firm, Hancock Prospecting Ltd., Rinehart has amped up her stake to a commanding 8.4%, making her the single largest investor in this critical minerals powerhouse—and proving once again that when it comes to mining bets, she's playing chess while others are still figuring out checkers.
The details, fresh from a regulatory filing, reveal Hancock Prospecting's savvy third-quarter play: snapping up an additional one million shares in MP Materials amid a scorching rally that saw the company's stock price roughly double over the period. By September 30, 2025, that stake was valued at a cool $997 million, dwarfing other holdings in Hancock's $3 billion portfolio of US-listed stocks and exchange-traded funds. It's a position that edges out even MP Materials' own CEO and founder, James Litinsky, who holds a respectable 7.9% slice of the pie, according to the latest data.

