Saturday, June 11, 2016

Rinehart ranked 51st most powerful girl



Billionaire Gina Rinehart is ranked the arena's 51st maximum powerful women notwithstanding her fortune being hit via vulnerable iron ore costs.

but, the Perth-primarily based iron ore mining multi-millionaire's ranking in this yr's Forbes listing has slipped 14 places from her preceding spot.

Her overall wealth is now valued at $9.9 billion thank you in large part to her hope Downs joint mission mine with Rio Tinto. She turned into well worth more than $20 billion in early 2014.

Forbes said the chairman of Hancock Prospecting remained Australia's richest individual no matter the plunge in iron ore costs and a legal dispute with two of her children.

"Gina Rinehart is Australia's richest citizen, despite her fortune being hit by using falling iron-ore prices in latest years," Forbes said.

"the largest piece of her fortune comes from wish Downs, a joint task mine she has with Rio Tinto."
the other piece of her fortune is the brand new Roy Hill iron-ore mine in the Pilbara vicinity of Western Australia which started out shipping iron ore to Asia in December 2015, Forbes stated.

The Roy Hill venture expects to be transport fifty five million tonnes of iron ore by way of the give up of 2016.
Ms Rinehart, sixty two, also owns a stake in Ten television network and is now the most important owner of prime wagyu cattle in Australia.

She is the only Australian and the most effective miner on the Forbes list it is determined with the aid of money, media presence, influence and impact.

Former New Zealand prime minister Helen Clark, who is in search of to come to be United countries secretary wellknown, changed into ranked No.22 inside the list headed with the aid of German Chancellor Angela Merkel and predicted US Presidential candidate Hillary Clinton.

Rounding out the pinnacle 5 rankings are US Federal Reserve Chair Janet Yellen and philanthropist Melinda Gates.

The modern-day BRW 2 hundred rich listing recently said Ms Rinehart's wealth had greater than halved to $6.06 billion in the year to may, pushing her right down to fourth on that list after five years at the pinnacle.

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