[QUOTE]
SYDNEY: Australia's richest person Gina Rinehart has eclipsed Wal-Mart heiress Christy Walton to become the world's wealthiest woman, according to an annual index by Business Review Weekly.
A preview of the respected BRW Rich 200 list, published on Wednesday, put the mining tycoon's personal fortune at Aus$29.17 billion (US$28.48 billion), a figure that sees her outstrip Walton for the first time.
In March, Forbes placed Walton and her family's net worth at US$25.3 billion, while Rinehart's fortune stood at US$18 billion.
BRW rich list editor Andrew Heathcote said mining magnate Rinehart had almost tripled her wealth in 12 months as commodity prices rose and she pulled off two deals in iron ore and coal.
"The Aus$18.87 billion increase in her wealth is unparalleled. It is a product of foreign investment in new projects, increased production and a recovery in the iron ore price over the past six months," said Heathcote.
Rinehart, 58, heiress to an iron ore prospecting empire built in Australia's resources-rich west, is a controversial figure who stridently campaigned against new mining taxes and recently bought up big in the media sector.
She is also locked in a series of lawsuits, including an acrimonious row with her own children over a family trust where she has been accused of threatening to financially ruin them.
Heathcote said Rinehart was on track to overtake Mexican telecommunications tycoon Carlos Slim -- worth US$69 billion -- as the world's richest person as demand ramps up for Australia's natural resources.
"A $100 billion fortune is not out of the question for Rinehart if the resources boom continues unabated," said Heathcote.
"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 full BRW list of Australia's richest people, the upper rungs of which are usually dominated by mining tycoons, will be unveiled on Thursday.
[/QUOTE]
Source: [URL]http://business.inquirer.net/61073/australian-tycoon-worlds-richest-woman—report[/URL] [URL]http://timesofindia.indiatimes.com/world/rest-of-world/Australian-tycoon-worlds-richest-woman-Report/articleshow/13408381.cms[/URL]
30 billion US dollars.
Well shit.
[QUOTE=OP]She is also locked in a series of lawsuits, including an acrimonious row with her own children over a family trust where she has been accused of threatening to financially ruin them.[/QUOTE]
That's not someone I want to see holding a lot of dosh and power.
she seems like a stone cold bitch
not surprising considering how much money she has
[QUOTE=stealth_camo;36064475]she seems like a stone cold bitch
not surprising considering how much money she has[/QUOTE]
her children want to take the money from her - essentially meaning they have tens of millions (maybe even hundreds) to spend at their will, as opposed to receiving, like, 5 million a year: FOR DOING NOTHING.
she's not a stone cold bitch, her children are greedy little cunts
i wasn't talking about the lawsuit, i was talking about the other things she's been doing, such as buying into the media to exert her power.
This is the same Tycoon who thought using nuclear bombs was a viable method of mining.
so yeah...
Wow she actually has the potential to over take Carlos Slim, I didn't know Iron was that sought after.
[QUOTE=Lonestriper;36064876]This is the same Tycoon who thought using nuclear bombs was a viable method of mining.
so yeah...[/QUOTE]
Don't diss it till you've tried it :D
[QUOTE=Lonestriper;36064876]This is the same Tycoon who thought using nuclear bombs was a viable method of mining.
so yeah...[/QUOTE]
I might be wrong, but that sounds like a great idea, tunnel downwards and plant a small nuclear bomb and move to a safe distance and detonate it. Mining goes from using heavy machinery for going through the rock to just picking up the shattered ground left behind by the damage from the explosion. Strip mining would be so much faster than it is now.
[video=youtube;S1f6vbiuUt0]http://www.youtube.com/watch?v=S1f6vbiuUt0[/video]
[QUOTE=carcarcargo;36064962]Wow she actually has the potential to over take Carlos Slim, I didn't know Iron was that sought after.[/QUOTE]
What do you think steel is made from?
She an ugly bitch.
See for your self:
[img]http://resources1.news.com.au/images/2012/02/02/1226261/164009-gina-rinehart.jpg[/img]
i thought we were gonna get a new Tycoon game series set in the outback :(
[QUOTE=deadoon;36066625]I might be wrong, but that sounds like a great idea, tunnel downwards and plant a small nuclear bomb and move to a safe distance and detonate it. Mining goes from using heavy machinery for going through the rock to just picking up the shattered ground left behind by the damage from the explosion. Strip mining would be so much faster than it is now.
[video=youtube;S1f6vbiuUt0]http://www.youtube.com/watch?v=S1f6vbiuUt0[/video][/QUOTE]
Except for the radiation ending up in both the product and the environment.
[QUOTE=DrLuke;36067641]Except for the radiation ending up in both the product and the environment.[/QUOTE]
They have bombs with similar payload without the radiation.
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