World’s richest woman is Australian mining tycoon
In spite of a global recession, one woman is bucking the growth trend and in the annual list of the 200 richest women, Australian Gina Rinehart fills the top spot after tripling her income from her iron ore mining business to $28.5 billion. In one day she will earn almost US$50m (£32 milllion) with her wealth predicted to top $100 billion if the mining boom continues at it’s current pace.
Mrs Rinehart’s fortune was inherited from her father, Lang Hancock, who pioneered the mining of iron ore in the remote Pilbara region of Western Australia,1992. Now, she is worth 386 times as much as the $75 million her father left her.
A new book has now been published about the dynasty, ‘The House of Hancock’, citing the upbringing of Gina’s three children, John, Hope and Bianca and how whilst living a priviliged lifestyle she attempted to educate the to be mindful of money, paying them for household chores. Proof that money doesn’t always go hand-in-hand with happiness, as over recent years Gina’s children have repeatedly complained of being kept financially short and a rift has developed between parents and siblings.