Monday, 27 June 2011

Australian Woman Predicted to Become World's Richest Person

THE DAILY TELEGRAPH: Gina Rinehart, an Australian woman who inherited a debt-ridden mining company from her father 20 years ago is set to become the world's richest person.

Gina Rinehart, 57, is the richest person in Australia and predicted to become the wealthiest in the world.

Her fortune has more than doubled to A$10.3 billion (£6.8 billion) in the past year because of a commodities boom.

She is on course to overtake Carlos Slim, the Mexican magnate worth £46 billion, and the Microsoft chairman Bill Gates, who is worth £35 billion, Citigroup has estimated.

The financial group calculates that three coal and iron ore projects she is developing will lead her to overtake the men mainly because she owns her companies outright and has no shareholders. » | Telegraph’s Foreign Staff | Monday, June 27, 2011