Page 1 of 2 12 LastLast
Results 1 to 10 of 18
  1. #1

    Default The woman set to be richer than Bill Gates




    You probably haven't heard of Gina Rinehart — the 57-year-old Australian widow — but you'll know the people her wealth is set to eclipse.

    Bill Gates, Warren Buffet and Carlos Sim are currently rated as the richest people alive by Forbes magazine, while Lakshmi Mittal is the UK's richest person and sixth-richest overall.

    But Rinehart is about to leapfrog them all to the top of the list - and become the first woman to ever hold the number one spot.

    Where her money's come from

    Rinehart was a recently widowed mother of four in her 30s when she inherited her father's debt-laden mining firm. But she wasn't new to the business world.

    She had been groomed to inherit the family firm from the age of 12 and, since taking over, has quietly gone about making it one of the world's biggest operations.

    In the last year alone her fortune has more than doubled to £6 billion — making her the richest person in Australia. But that is just the start.

    An investigation by US banking giant Citigroup into her new mining operations showed her wealth is only just beginning to blossom, and could increase tenfold in the next few years.

    "If Rinehart was a company listed on the ASX [Australia Stock Exchange] and valued using the same 11-times price-to-earnings ratio as her partner, Rio Tinto, she would be worth $30 billion (£19 billion), putting her in the top 10 of the Forbes rich list," calculated Australian business site SmartCompany.

    "Rinehart, however, has three more mines on the way, and potentially more in the exploration phase.

    "If Rinehart's three new projects … match the performance of Hope Downs, and if mineral prices stay high (two big assumptions) it is possible to see Rinehart's portfolio of coal and iron ore production spinning off annual profits approaching $10 billion.

    "If those best guesses prove to be correct, Rinehart is heading for a personal net worth valuation of more than $100 billion (£63 billion)."

    Source:
    The woman set to be richer than Bill Gates, United States Economy - Maktoob News
    Gina Rinehart - Wikipedia, the free encyclopedia

  2. #2

    Default Re: The woman set to be richer than Bill Gates

    pwede magpaadopt? LOL joke!

  3. #3

    Default Re: The woman set to be richer than Bill Gates

    ngita na og fling2x sis. haha

  4. #4

    Default Re: The woman set to be richer than Bill Gates

    Quote Originally Posted by Deadstring67 View Post

    mura mag gi-edit iyang fes! kabantay mu?

  5. #5

    Default Re: The woman set to be richer than Bill Gates

    fes? unsa na? care to ellaborate please..

  6. #6

    Default Re: The woman set to be richer than Bill Gates

    Quote Originally Posted by gmaroxram View Post
    fes? unsa na? care to ellaborate please..
    fes = face

  7. #7

    Default Re: The woman set to be richer than Bill Gates

    Pa adopt pud kow!LOL!

  8. #8

    Default Re: The woman set to be richer than Bill Gates

    Quote Originally Posted by florida.blanca View Post
    fes = face
    geez... mao diay na.. hakhakhak... thanks by the way.

  9. #9

    Default Re: The woman set to be richer than Bill Gates

    dili ko pa adopt. magpatudlo ko giunsa niya iyang kadatu.

  10. #10

    Default Re: The woman set to be richer than Bill Gates

    ill try to propose to her.. Will I marry you? ahhaha

  11.    Advertisement

Page 1 of 2 12 LastLast

Similar Threads

 
  1. Replies: 37
    Last Post: 08-06-2012, 08:42 PM
  2. Where's the LATEST PLACE TO BE for Hangouts and Parties
    By millionairesbiz in forum Parties & Events
    Replies: 238
    Last Post: 07-23-2010, 05:06 PM
  3. How the SINULOG came to be.
    By LytSlpr in forum Politics & Current Events
    Replies: 0
    Last Post: 02-15-2008, 04:01 PM
  4. Replies: 3
    Last Post: 02-28-2007, 12:38 AM
  5. Whats the Best Hairdressing to be Use?
    By simple_touch in forum Trends & Fashion
    Replies: 0
    Last Post: 01-19-2006, 12:26 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
about us
We are the first Cebu Online Media.

iSTORYA.NET is Cebu's Biggest, Southern Philippines' Most Active, and the Philippines' Strongest Online Community!
follow us
#top