Jan 20, 2012

With $20b in the bank, Gina could become the world’s richest

Yesterday Gina Rinehart's fortune doubled to $20 billion -- and there appears to be plenty of room left to grow. Could she become the world's richest person?

Last June SmartCompany ran an opinion piece by veteran Perth mining writer and Gina Rinehart watcher Tim Treadgold, arguing Rinehart was well on her way to becoming the world’s richest person based on the potential value of her underdeveloped mining iron ore and coal deposits.

Tim would be the first to admit that it was a long-range prediction, with a lot of assumptions — including that commodity prices would remain strong and the smooth development of four key projects, including the expansion of the Hope Downs iron ore mine from 30 million tonnes to 55 million tonnes, the development of the Roy Hill iron ore mine and two Queensland coal projects called Kevin’s Corner and Alpha Coal.

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5 thoughts on “With $20b in the bank, Gina could become the world’s richest

  1. Bill Hilliger

    Some people say Gina will one day buy WA lock, stock and barrel. Whoaaa!

  2. jeebus

    $20 billion of looted riches from Australia’s national treasure.

    She’s not a wealth creator. She’s a wealth inheritor and extractor.

  3. Captain Planet

    Gina Reinhart’s wealth is exceeded only by her arrogance and selfishness.

  4. Suzanne Blake

    $20 billion. That almost the amount incompetent Swan blew from the 2007 surplus.

  5. Peter Ormonde

    Now look Sooz…

    We’ve spoken before about your using truncated Union Jacks in your avatar thing.
    Admittedly this new one is better than the cruelly distorted and butchered previous version but this one too hurls an insult of our once Great Britain and spits in the very eye of her majesteriousness, Betty Sax Coburg Gotta von Battenburg… that very picture of English niceness.

    This Napoleonic footloosery with the flags and symbols of our betters has gotta stop, Sooz. Now more than ever with the rancorous calls of secession and independence from the ungrateful Welsh and Scots. Ah the serpent’s tooth eh Sooz. To go the fang on the hand that pinched all their stuff for centuries.

    So if you are going to be a good conservative – a true blue dyed-in-the-wool tory – you must start by respecting her holiness the Queen and the flags with which she lays claim to her subject peoples… in full.

    No more of this Fenian sedition. Keeps those icons and relics intact and unclipped.

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