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Worlds Richest Woman Gina Rinehart

Ace September 7, 2012 0
Worlds Richest Woman Gina Rinehart

 

Worlds Richest Woman Gina Rinehart

Georgina Hope Gina Rinehart is an Australian mining tycoon and the richest woman in the world. She is the heiress of Hancock Prospecting and the daughter of the late Lang Hancock. In 2010 Rinehart bought a stake in media organizations becoming the largest shareholder in Fairfax Media and taking a significant share in the Ten Network Holdings. In 2011 Rinehart was reported Australia’s wealthiest person by both Business Review Weekly and Forbes Asia. Furthermore in 2012 the had passed Christy Walton and this year became the world’s richest woman.

Aside from the fact that she was born into a family of wealth as she received a royal flow of money from Hamersley Iron she also earned her own and became a business woman just like those before her. Lang Hancock’s mining activities were mainly related to exploring and accumulating mining leases. Gina Rinehart took it upon ferself to focus on developing Hancock Prospecting’s undeveloped leases and deposits. She raised capital through joint venture partnerships and turned the leases they had into revenue producing mining facilities.

Worlds Richest Woman Gina Rinehart

Worlds Richest Woman Gina Rinehart

Gina Rinehart

Gina Rinehart

Worlds Richest Woman Gina Rinehart

However according to Reuters Gina Rinehart made statements on Wednesday that Australia is becoming too expensive for her mining firms. She feels that she could hire workers for under $2 a day in labor if she moves over to Africa.  Asia’s richest woman has a good point as she is concerned over her business and profit but Australia isn’t too happy about it. However, Prime Minister Julia Gillard is more concerned with the strength of Australia’s mining boom as weaker demand from China and others countries occur while prices of iron ore tumble. Iron ore is the single biggest export earner for Australia so this could be a very big hit for the country.

Moreover Forbes estimated Gina Rinehart to be worth $18 billion in February 2012 even though she is facing mining taxes as well as taxes on carbon emissions which she openly opposes. This is the main reason there is tension between Rinehart and Prime Minister Gillard. To make matters more interesting Rinehart has called for miners to be allowed to bring in foreign workers to the job sites. Rineharts company Hancock Prospecting was granted government approval in May to hire around 1,700 foreign construction workers for her Roy Hill project in Western Australia.

Gina Rinehart

Gina Rinehart

In Recent news the only comments Rinehart said were “Australians needed to complain less and to work more if they wanted to be rich

Gina Rinehart Earns $52 million a Day $2 million an Hour $36k a Minute $598 a second

 

 

 

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