Aussie billionaire tried to 'buy' peace
Source: AFP |
March 15, 2013, Friday
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Print Edition
Print Edition
AUSTRALIAN billionaire Gina Rinehart offered her estranged daughter Hope A$300 million (US$306 million) to end a sordid feud over the family fortune.
The email revelations come a day after media reported that her son had sought a A$15 million "sorry payment" from his mother for the way she treated him over the years.
Hope Welker, John Hancock and their sister Bianca have been embroiled in a legal battle with their mother - Australia's richest person - over control of a family trust worth a reported A$4 billion.
Trustee Rinehart has sought to block a huge payout, that was due to be made to her children in 2011, until 2068. The three took her to court in an attempt to gain access to the trust.
Welker, who pulled out of the legal battle on Tuesday, begged her younger sister Ginia - the sole sibling to remain loyal to their mother - for help to pay her bills in 2011, emails submitted to the New South Wales Supreme Court and obtained by a newspaper, revealed. She also threatened to go to the media as she could not afford her rent and school fees.
"Why the hell don't you just take the $300 million dollars mum has repeatedly offered you and walk away," Ginia blasted in one vitriolic exchange which was printed in The Australian Financial Review.
"Not that you deserve a penny as you have never worked a day in your life but if you cannot live with 300 million dollars for doing absolutely nothing then you really are disgusting."
A separate email exchange between Hancock and his mother revealed how he had attempted to come to a confidential financial agreement with Rinehart before the case came to court.
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