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World's Richest Woman Comes From Down Under, Aussie Mag Says
May 23, 2012 12:10 PM
MINE. ALL MINE.
Raising speculation about the role
plays in amassing wealth, Australian magazine
has named compatriot Gina Rinehart the world's richest woman. Her fortune is worth US $28.6 billion, putting her ahead of her closest rival,
) beneficiary Christy Walton, according to the magazine's ranking.
Rinehart is head of Aussie mining company Hancock Prospecting. The company had a banner year thanks to increasing iron ore prices and demand from Asia, the magazine noted, adding that her wealth grows by about $1,000,000 every half hour and has tripled this year.
Only in Australia does she hold this title, however. According to the latest
Bloomberg Billionaires Index
, released May 22, Walton is the world's richest woman, coming in at No. 10 on the rich list. Rinehart is No. 31 on this list, well below not only Christy Walton but also Liliane Bettencourt of L'Oreal and the other female Walmart heiress, Alice Walton. Bloomberg lists Rinehart's net worth at $18.1 billion, just a few notches above Mark Zuckerberg of
of the world's billionaires similarly places Walton at No. 11, with Rinehart at No. 29, again below Bettencourt and Alice Walton.
, it's clear that Rinehart is the richest woman in Australia, at any rate. The three lists are unanimous in naming the top three richest people in the world as
) honcho Carlos Slim,
) Bill Gates, and
) Warren Buffett, respectively.
“If the demand for natural resources remains strong, additional multi-billion mines are almost inevitable,” Andrew Heathcote, BRW Rich List editor,
said in a 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.”
Contributing to her wealth are her deals with
Rio Tinto Group
) and GVK Power & Infrastructure Ltd., as well as her investments in
Fairfax Media Ltd.
(FFXLF.PK) and Ten Network Holdings Ltd., Bloomberg Businessweek notes.
No positions in stocks mentioned.
WORLD'S RICHEST WOMAN
CHRISTY WALTON WALMART
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