|Billionaire Rinehart is World's Richest Woman, BRW Says|
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.
Rinehart, who controls Hancock Prospecting Pty Ltd., soared past Wal-Mart Stores Inc. (WMT)’s Christy Walton, whose wealth is estimated at A$26 billion, BRW said in a statement today.
The 58-year-old Australian, who had a fortune of A$10.3 billion last year, remained at the top of the list of Australia’s 200 wealthiest people for the second consecutive year, helped by foreign investment in new projects, increased production and a recovery in iron-ore prices, BRW said. Rinehart is ranked the 31st richest person in the world, with a net worth of $18.1 billion, according to the Bloomberg Billionaires Index.
“If the demand for natural resources remains strong, additional multi-billion mines are almost inevitable,” Andrew Heathcote, BRW Rich List editor, said in the statement. “There is a real possibility that Rinehart will become not just the richest woman in the world but the richest person in the world.”
Mexican Carlos Slim now holds that position, with a personal fortune of $66.2 billion, according to the Bloomberg Billionaires Index.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on May 23, 2012