World's richest woman Gina Rinehart earns $2 million every hour (Video)

World's richest woman Gina Rinehart earns $2 million every hour (Video)

Sydney : Australia | May 26, 2012 at 9:26 AM PDT
Views: Pending
world richest woman earns $2 millions per hour

Can you wrap your head around that headline? The world's richest woman, Australian Gina Rinehart reportedly earns $2 million every hour. Mind-boggling, isn't it but for the 58-year-old mining tycoon, staggering amounts of money has always been a part of her life.

The heiress who inherited some of her wealth from her father Lang Hancock, now sits atop his company that she has expanded into a multi-billion dollar mining corporation, which churns out minerals like iron and ore.

According to Sky News, Rinehart could have become a socialite, living on her inherited riches without working a day for the rest of her life but she chose to get involved with the company. Her shrewd business dealings have reportedly grown the business beyond anyone's wildest dreams.

Worth approximately $150 million in 1992 when she inherited it, the company is currently valued at 25 billion Australian dollars.(around 30 billion in U.S. currency).

Rinehart's keen business acumen has catapulted her to the top of an industry that is male dominated and wrestled the title of richest woman from Walmart heiress Christy Walton. If her company keeps growing at the current rate, business experts predict that she may become the richest person in the world. That title is now held by Mexico's telecommunication mogul Carlos Slim Helu, who is worth an estimated $69 billlion. (U.S.)

But where there is enormous sums of money, trouble sometimes follow and Rinehart is reported to have a bit of her own. 3 of her 4 children are in a power struggle with their mother, battling her in court for control of the multi-billion dollar trust. Daughters Bianca Rinehart, Hope Welker and son John Hancock have filed a lawsuit last September but one of the children is sticking with their mother.

Click on the video above for more.

1 of 5
World's richest woman, earns a staggering $2 million per hour
VeronicaS is based in New York City, New York, United States of America, and is an Anchor on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • Call to fire Bowen over Rinehart deal

      The Daily Telegraph
    Minister Gillard should fire Immigration Minister Chris Bowen and scrutinise resource companies in more detail, a union argues. The Government's decision to allow the world's richest woman Gina Rinehart to import workers for her $9.5 billion Roy Hill...
  • Rinehart lifts stake in Fairfax: report

      The Daily Telegraph
    Gina Rinehart is believed to have lifted her stake in Fairfax Media and questioned the abilities of the company's chairman Roger Corbett in the process. The world's richest woman was last week overlooked for a Fairfax board seat, in favour of former...
  • Aussie workers should be first - unions

      The Courier-Mail
    THE head of a multi-billion Queensland coal project set to be one of the largest in Australia will not rule out relying on foreign workers. The Queensland government today gave conditional approval to the $6.4 billion joint project of India's GVK and...
  • World's richest woman increases stake in Fairfax

      The Economic Times
    The world's richest woman Gina Rinehart has increased her stake in Australian media group Fairfax, the company said Monday, as she lashed out at the chairman after being denied a board seat. Rinehart, who has a fortune of Aus$29.17 billion (US$28.48...
  • Huge Australian coal mine wins conditional approval

      Channel NewsAsia
    A huge A$6.4 billion (US$6.3 billion) coal mine in Australia's Galilee Basin owned by Indian infrastructure giant GVK and the world's richest woman Gina Rinehart Tuesday won conditional approval. The Alpha Coal Project in Queensland state is expected...
  • Gina Rinehart Ups Stake in Fairfax to Over 13%, Hits Chairman Roger Corbett

      International Business Times
    With billions to her name, Gina Rinehart, the world's wealthiest woman, could probably buy anything with a price tag that she fancies. Recently she increased her shareholdings in Fairfax Media to more than 13 per cent from 12.59 per cent. Share This...





More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.