Friday, May 25, 2012

 Richest woman: Gina Rinehart sets world record (Video)

SYDNEY, Australia -- The Australian mining mogul, Gina Rinehart, 58, is worth a reported $29 billion aus; a worth that grows by an astounding one million dollars every 30 minutes of every day - setting the new world record for the Richest woman, according to the World Record Academy: www.worldrecordacademy.com/.

  Photo: Billionaire miner Gina Rinehart, shown here at the Alpha Trial Mine in Central Queensland. The Australian mining mogul, Gina Rinehart, is worth a reported $29 billion aus; a worth that grows by an astounding one million dollars every 30 minutes of every day. Photo: Hamilton Patrick ( enlarge photo )

The Guinness world record for the richest fashion designer is Giorgio Armani (Italy). "Clothes, watches, perfumes, homeware, and hotels all bear his name an incredible achievement for a medical school drop-out who's now worth a record $5.3 billion (£3.3 billion). "

Guinness World Records also recognized the world record for the richest monarch in the world, set by Thailand's King Bhumibol Adulyadej, King Rama IX of the Chakri dynasty, with an estimated wealth of $30 billion (£19 billion).

  Rinehart's net worth ballooned by $18.87 billion in just the past year. In the past two decades, Rinehart's net worth has multiplied by 386 times from a (puny) $75m aus to its current $29 billion.

  This unparalleled growth has been fueled by foreign investments, increased production and a recovery of the iron ore price over the last six months, according to BRW magazine.

  Much of the world's richest woman's wealth is derived from providing emerging markets such as China with iron ore and coal.

  Gina Rinehart is the trustee of a multi-billion-dollar family trust established by her late father, Lang Hancock.

  Currently the richest person in the world is Mexican telecommunications mogul Carlos Slim Helu, with a reported $69 billion net worth.