What would you do if you were the richest woman in the world? A lot of things went by my mind when I first ran into the news of how Gina Rinehart recently became the richest woman in the world. Exotic holidays, latest iPads, a 17th century French chateau for home, hand stitched Italian fashion wear; sorry went day dreaming again. Back to the news. It is estimated that the daughter of late Australian mining tycoon Lang Hangcock, is worth more than £18 Billion at the moment. That’s a lot of money!
Don’t know if you remember her from before or not but let me jog your memory, just in case. She is the same person who was in the news when Prince Philip laughed at her hat last year. Her close competitor to the richest woman in the world title is Christy Walton, widow of the late John Walton-majority share holder of American retail chain Wal-Mart. Christy is estimated to have a fortune of £16 Billion according to Forbes.
You should note that Gina Rinehart accumulated more than £11 billion this year from the mining boom which has put her on top of the list. If reports on her wealth are to be trusted she makes more than £630,000 every half an hour! The recovery of iron-ore prices and key foreign investments are what has made her the richest woman on the planet. It could be possible that in the near future she could be the richest person in the world. At present, the title is held by Mexican telecommunications tycoon Carlos Slim Helu.
But just because she is the richest woman in the world doesn’t mean she doesn’t have any problems. She was in the news recently for battling her children over a multi-billion pound family trust. The woman has enough money to eliminate world hunger for a full year or buy two iPads each for 22.9 million other Australians. iPad for Australians might be stretching the limits of imagination a bit too much, but let’s hope that she thinks into the eliminating world hunger idea and gives some of her fortune away for charity.
Read full story here