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World’s richest woman

By Judy Martel · Bankrate.com
Sunday, May 27, 2012
Posted: 6 pm ET

She's an heiress to a mining empire who has become a tycoon in her own right: Australian Gina Rinehart has nearly tripled her wealth in the past 12 months to become the wealthiest woman in the world and the richest person in Australia.

Business Review Weekly, which ranks the richest 200 individuals, estimates her net worth at $28.48 billion, putting her above Wal-Mart heiress Christy Walton's $25.3 billion. Previously Walton was the world's richest woman.

Rinehart's fortunes rose with commodity prices and two business deals she closed in iron ore and coal. The 58-year-old is considered a controversial figure (are the self-made wealthy ever considered anything but?) who campaigned in her country against new mining taxes. She is also caught up in lawsuits with her children over a family trust.

The editor of the Business Review Weekly list, Andrew Heathcote, told AFP news that if demand for Australia's natural resources continues, she could overtake Mexican telecommunications magnate Carlos Slim for the title of richest person in the world. According to Forbes, his fortune is estimated at $69 billion. "A $100-billion fortune is not out of the question for Rinehart if the resources boom continues unabated," Heathcote said.

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1 Comment
ebube
June 06, 2012 at 5:28 am

i bring greeting to you beautiful potogenic richest woman, i am so happy for u been the richest woman in the world, how i wish u can welcome me to ur world of riches, i am ebube, born from the family of okoro in african, i am 26yrs of age, i lost my job last year june. and i am jobless now, please my beautiful pretty lady, i will appriciate any effort do by you, to uplift me from povery, so that i can help people who are surfering like me. pls if you recive this humble request of my be free to ask me any question, and what you will like me to do for you to make me become rich. thanks ebube