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.
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