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Anorak | Gina Rinehart: World’s richest woman might not be rich all that much longer

Gina Rinehart: World’s richest woman might not be rich all that much longer

by | 28th, May 2012

GINA Rinehart, mother of those children We have a new entrant in the list of the world’s richest woman. An Australian who inherited one of the world’s largest iron ore mines :

Her personal fortune now stands at A$29.2bn (£18.2bn) placing her at the top of BRW magazine’s Rich 200 list for a second consecutive year.

That also signals Ms Rinehart has overtaken Wal-Mart heiress Christy Walton, estimated to have a net worth of US$25.3bn (£16.1bn), taking her title as the richest woman in the world.

Still more eye-popping is the speed of her ascent. Rinehart’s wealth derives from Hancock Prospecting, the iron ore empire she inherited from her father, but she certainly has grown what she started off with.

That’s certainly a pretty decent chunk of change there. The big question though is how long is that going to last?

For, you see, the iron ore price is essentially driven by the Chinese economy. Over here in the rich world we tend not to buy much iron ore any more. For we’ve got lots of iron around, already there in the things we’ve already built. So we tend

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Posted: 28th, May 2012 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink

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  • The Rela Stig

    “might not be rich all that much longer”
    .
    You mean her worth might shrink to only a couple billion? How will she cope with such extreme poverty?