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Australian Gina Rinehart will be the world's richest person: Research


June 24, 2011 - Canberra

Australian Gina Rinehart is all set to become the world's richest person soon, a research has revealed.

The Western Australia based iron ore magnate's future projects are likely to supercharge her earnings. The billionaire is on her way to dominating the globe with her resources projects, according to a new research by financial corporation, Citigroup.

Rinehart made history last month when she became the first woman to top the BRW rich list after her fortune doubled to 10.3 billion dollars over the past year.

The new analysis by Citigroup suggests the 57-year-old could one day become the world's richest person as the head of Hancock Prospecting.

The report on worldwide resources projects - dubbed Generation Next - evaluated 400 mining projects around the world that are not currently in production but are moving through the design/approval stages.

According to business website SmartCompany, Rinehart's projects will catapult her to the top of the list because she owns all of hers, whereas other companies share their wealth with shareholders.

ANI

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