Reckon celebrity such as Angelina Jolie or Paris Hilton would be the wealthiest right? Well, it turns out Gina Rinehart, owner of Hancock Prospecting is the world’s richest woman. Just to help you get the picture, this woman earns $1 million every half an hour.
The BRW magazine releases each year a list of the wealthiest persons in Australia. Gina Rinehart is a pretty common name on their list, given that this woman has been holding the title of the wealthiest person in Australia throughout a quite difficult year. But when 2011 was a mess for so many world tycoons, Gina Rinehart had quite a successful year.
The magazine puts Gina Rinehart not only on top of their Australian wealthiest persons list, but with her valued at $25 billion she makes it as the world’s richest woman too. She is so rich, half of the Australian wealthiest persons list makes for her wealth.
At 58 years old, Gina Rinehart lives the dream. She makes $598 a second and about $1 million every 30 minutes. Furthermore, given that her line of business is focused on the demand for natural resources, it’s likely she will become the world’s richest person. That means that Carlos Slim, the Mexican tycoon with his $69 billion fortune, will soon be exceeded in wealth by a woman working in the mining industry.
“If the demand for natural resources remains strong, additional multi-billion-dollar mines are almost inevitable” BRW magazine writes, “there is a real possibility that Rinehart will become not just the richest woman in the world, but the richest person in the world”.
The great thing about Gina Rinehart is that she’s really got business in her blood. Sure, she did get most of her fortune from her dad, but she managed to keep the business safe and prosperous along the way. Just to set things straight, back in 1992 when her dad Lang Hancock died, Gina Rinehart was worth $75 million. In 20 years, she boosted her wealth to a staggering $25 billion.
Meanwhile, on Forbes’ list, Gina Rinehart has been valued at $18 billion. The difference might look puzzling, but given that Forbes is a lot more conservative in its calculations it is explainable. The truth remains that Gina Rinehart is the world’s richest woman and the mining industry is what got her there.