It was a chat on a ski lift above Canada’s playground for the rich that led John Hancock to make an investment that turned out to be Australia’s best-performing stock on the market over the past year.
And it’s this educated bet that has helped the Rinehart scion build on a wealth pile to edge ahead of his three younger siblings on this year’s Financial Review Rich List, published on Friday.
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Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Connect with Julie-anne on Twitter. Email Julie-anne at jsprague@afr.com
