Home Business NewsBusiness Australian mining tycoon Gina Rinehart to be “world’s richest person”

Australian mining tycoon Gina Rinehart to be “world’s richest person”

by LLB Editor
25th May 12 11:25 am

Move over Carlos Slim, because Australian mining mogul Gina Rinehart could soon be the world’s richest person, according to Australian business magazine BRW.

The magazine says Rinehart, 58, currently has a fortune worth A$29bn (£18bn), and is thought to make A$600 (£374) a second and A$52m (£32m) a day from her iron-ore business, Hancock Prospecting.

She could be on track to the world’s first $100bn person. BRW attributed her wealth increase to “foreign investment in new projects, increased production and a recovery in the iron-ore price over the past six months.”

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