Mining billionaire Gina Rinehart has been crowned Australia's chairperson of the year.

CEO Magazine says Ms Rinehart’s stewardship of her private company Hancock Prospecting had been well demonstrated on a local and global scale in the past year.

“Her leadership qualities have harnessed the abilities of quality personnel around her, and by doing so, she has been able to ensure the successful negotiation of joint ventures,” CEO Magazine managing director Chris Dutton said of Australia’s richest person.

Ms Rinehart, who is trying to secure $7 billion in funding for her massive Roy Hill iron ore mining project in WA, had successfully established long-term and harmonious global partners and boosted job opportunities for thousands of Australians, he said.

Ms Rinehart has been chairman of Hancock Prospecting since 1992.

Kevin Gallagher

Kevin Gallagher

The award comes as her protracted legal dispute with two of her children over who should manage a $5 billion family trust fund continues.

She did not attend the award ceremony in Sydney.

The magazine named Kevin Gallagher, chief executive of engineering firm Clough, as CEO of the Year, after he oversaw a joint venture with Clough Coens of Korea to provide an independent commissioning service to the world’s largest fabrication yards in Korea and China.

Mr Gallagher has also established an engineering centre in Scotland to service the North Sea and Africa.

Chief Financial Officer of the Year went to Sue Palmer of construction and mining services firm Thiess.