Gina Rinehart at 29 on Forbes rich list | News.com.au

MINING magnate Gina Rinehart is the highest ranking Australian on the Forbes rich list, coming in at number 29.

The West Australian is the only Aussie to make the top 100, with Forbes estimating her wealth at $US18 billion $17.12 billion.

A total of 18 Australian citizens made the list of the world’s richest people.

Ms Rinehart has beaten News Corp boss mogul Rupert Murdoch who came in at number 106. Forbes lists the 80-year-old Murdoch as an American because he has US citizenship.

One of the most interesting additions was US woman Sara Blakely, the founder of women’s slimming undergarments company Spanx Inc.

Ms Blakely, 41, is the youngest self-made woman to join this year’s rich list – turning $5000 in savings into a $1 billion company.

The US woman owns 100 per cent of the private company, has zero debt, has never taken outside investment.

Meanwhile, miner Andrew “Twiggy” Forrest, came in at number 173 with $US5.8 billion while James Packer is further down the list at 223, with his gaming empire estimated to be worth $US4.7 billion.

Mexico telecoms tsar Carlos Slim topped the Forbes annual world’s richest list, with a $US69 billion fortune that while down from last year still outpaced the runner-up, Microsoft founder Bill Gates.

Forbes reported that a record 1,226 people around the globe have a net worth in the ten digits.

That’s up 1 per cent from last year’s total.

via Gina Rinehart at 29 on Forbes rich list | News.com.au.

Strange Random Wealth Quote:

“Someday I want to be rich. Some people get so rich they lose all respect for humanity. That’s how rich I want to be.” – Rita Rudner (American Writer and Comedian, b.1955 Miami, Florida, USA)

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Posted on March 8, 2012, in Article and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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