Gina Rinehart

World’s richest woman worth AUD29bn

Lifestyle

Australian mining magnate Gina Rinehart has become the world’s richest woman, according to BRW magazine.

According to the business magazine, Ms Rinehart, 58, is now worth an incredible $29 billion, after increasing her wealth by nearly $20 billion in the space of just a year.

Her wealth means she could become the world’s first $100 billion person.

The heiress to an iron-ore prospecting empire earns approximately $52 million a day, $1 million every half hour or $600 a second.

“The increase in her wealth is unparalleled. It is a product of foreign investment in new projects, increased production and a recovery in the iron-ore price over the past six months,” BRW stated.

Ms Rinehart’s increase in wealth means she now tops the $25 billion of Christy Walton, the widow of the founder of America’s Wal-Mart.

However, the world’s richest woman has caused controversy by campaigning against government attempts to tax mining companies.

She has also been involved in a row with three of her four children over control of the family trust.

Lana Galea View Comments

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