Royalty Holder……………Stan Perron
Revenue……………..…..…Undisclosed
Mine Life...……………….50 years plus
Commodity……………………….Iron Ore
Operator………………………….Rio Tinto

#14 Perron Investments

92-year old Stan Perron has made oodles of cash in ice rinks and shopping centres, but a £500 investment in the Pilbara in 1964 yielded a royalty over Rio Tinto's vast iron ore portfolio.

Perron was a backer behind Lang Hancock, a prospector in the Pilbara, who sold a string of iron ore discoveries to Rio in 1962. Hancock held onto a 2.5 per cent royalty and assigned a 15 per cent share to Perron, who is said to have turned down an offer to double his share for a further £500.

The royalties now cover some of the world's largest iron ore mines, including Brockman and Paraburdoo. Details of the royalties are private, but after a chance flight over the Pilbara in 2010, Perron spotted that more mines should be included in his bracket, leading to a legal battle with Hancock's formidable daughter, Gina Rinehart, which he won in 2012.

Perron's private property business generates $150m to $300m a year. He also owns Toyota's distribution rights across Western Australia, so any offer for his royalties will need to be a good one.

 

 

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