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TOP TIER: If all goes to plan with Hancock Prospecting's planned new mines, could Gina Rinehart rank among the world's richest?

Rinehart to rank as world's richest

Gina Rinehart hates the label "Australia's richest person". How will she, and the rest of the country react when (not if) she ranks as the "world's richest"- as can be forecast using the latest research.

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Comments

Perth
Nice try Tim, but you have forgotten depreciation and corporate charges and taxation, so your profit numbers are pre tax and pre, everything else. Peter

Perth
Oh Peter have you forgotten that all the above companies will be taxed too. It is phenominal that in a country where gender equity is a word not heard of and definately does not exist an extraordinary woman like Gina Rhinehart takes on the big boys single handedly and might just TRUMP them...

Perth
Peter, Does it matter if the figures are not perfect? The fact is one person is forecast to have unearned wealth that will be approximately 10% of the GDP of the whole of Australia. This wealth will have been "produced" by claiming natural resources (owned on trust for the Australian population by either the Federation or the State, precisely which is still being debated) and then selling the right on to producers such as RIO. I think the expression is "peg and plunder". The risk capital provided by the new mineral wealthy, be it Rinehart, Forrest, Palmer etc was insignificant, most coming from punter investors. Did Forrest repay the punters who lost on his Anaconda deal? Rinehart didn't even put in any risk capital, merely inheriting it from her father. Palmer's "peg and plunder" exercise involves selling our assets to China. Peter, cannot you see that is morally wrong?

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