Why Australia’s richest person just made a $140m bet on defence
Gina Rinehart, Australia's richest person, has made a significant investment in the defence sector, purchasing nearly $140 million in shares of major US defence companies. This move reflects a growing trend in global markets where defence spending is increasingly viewed as a long-term investment opportunity. As geopolitical tensions rise, military expenditures are surging, leading investors to recognize the potential for sustained growth in this sector.
- ▪Gina Rinehart has invested almost $100 million in US arms companies in the first quarter of 2026.
- ▪Global military spending reached a peak of $2.9 trillion in 2025, marking the 11th consecutive year of growth.
- ▪NATO members agreed to increase their long-term defence spending target from 2 percent of GDP to 5 percent by 2035.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"NewsArticle","dateModified":"2026-05-26T05:10:57Z","datePublished":"2026-05-26T05:10:57Z","description":"The seemingly unusual move by mining billionaire Gina Rinehart reflects a broader shift under way in global markets.","headline":"Why Australia’s richest person just made a $140m bet on defence","keywords":"Defence, Opinion, Just in","author":[{"@type":"Person","name":"Billy…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.