Global Power | Local Knowledge | Uniquely Personal
中文

Boom raises questions about how to share the wealth

Iron ore queen Gina Rinehart scooped the pool yesterday when she became the richest person ever in Australia, with a conservative estimate of $10.3 billion, and the first woman to top BRW's Rich 200. Her wealth, up $5.55 billion on last year, and higher than the $US9 billion Forbes estimate in February, is a stark reminder of the impact of the mining boom, which has created a two-speed economy.

Iron ore queen Gina Rinehart scooped the pool yesterday when she became the richest person ever in Australia, with a conservative estimate of $10.3 billion, and the first woman to top BRW's Rich 200. Her wealth, up $5.55 billion on last year, and higher than the $US9 billion Forbes estimate in February, is a stark reminder of the impact of the mining boom, which has created a two-speed economy.…

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

Subscribe Now