World’s Richest Woman: Australian tycoon Gina Rinehart

Filed in Amazing Stories, Business, Featured, Money, World by on May 23, 2012 0 Comments

The 58-year-old Australian mining magnate Gina Rinehart became the world’s richest woman as her fortune almost tripled to A$29.2 billion ($28.6 billion), according to a ranking of the nation’s wealthiest people by BRW magazine.

world's richest woman gina rinehart

Image Credit: Patrick Hamilton

World’s Richest Woman | Gina Rinehart

Rinehart inherited her mining assets from her father, Lang Hancock. Her father discovered iron ore deposits in the Pilbara region of Western Australia in the 1950s.

She is on the top of the list of Australia’s 200 wealthiest people for two consecutive years. According to the Bloomberg Billionaires Index, Rinehart ranked 31st in world’s richest person, with a net worth of $18.1 billion,

According to reports from several blogs and news sites, Rinehart is also investing in media holdings, with 12.6 percent in Fairfax Media Ltd. (FXJ) to 12.6 percent. In 2010 she buys 10 percent stake in Ten Network Holdings Ltd. (TEN) and secured a seat on the company’s board.

“If the demand for natural resources remains strong, additional multi-billion mines are almost inevitable.” “There is a real possibility that Rinehart will become not just the richest woman in the world but the richest person in the world.” Andrew Heathcote, BRW Rich List editor, said in the statement.

 

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