Despite Sliding Down 10 Places in Forbes Magazine’s Rich List, Australia’s Wealthiest Person Gina Rinehart Grew Fortune by $700M in 2013 to $17.7B (VIDEOS)
By Vittorio Hernandez | March 5, 2014 10:13 AM EST
Most of the world's billionaires get only richer by the day. The only thing that changes is often their ranking on the rich list compiled by publications like Forbes and BRW.
Such again is the case for the controversial Gina Rinehart, the richest person in Australia with an estimated wealth of $17.7 billion, up in 2013 by about $700 million despite going down 10 places in the latest Forbes Magazine rich list to 46 to 36.
The big drop in price of iron ore and legal costs over her family feud failed to substantially dent the mining magnate's fortune, although she is now the fifth richest women on the list from being the richest a few years ago - a title currently held by Wal-Mart heiress Christy Walton.
But she is still the richest person in Australia with the second placer ranked way below at 208th place - billionaire James Packer with an estimated wealth of $6.5 billion.
In between the two are Rupert Murdoch and his family which are in media. The Murdoch patriarch was born in Australia, and his family went up 13 places to 78th spot with an estimated wealth of $13.5 billion.
Also moving up one notch, but at the top of the elite list is Microsoft founder Bill Gates with a net worth of $76 billion. He dethroned Mexican telecommunications magnate Carlos Slim to second spot with a fortune of $72 billion.
Third place is Spanish clothing giant Zara founder Amancio Ortega at $64 billion.
There are now 1,645 billionaires from 1,426 in 2014, boosted by those who got rich in the stock market. Among the new members are Jan Kourn and Brian Acton, founders of WhatsApp which was purchased recently by FaceBook for $19 billion, placing the two at 202nd and 551st places, respectively.
To contact the editor, e-mail:
Most Popular Slideshows
- Gennady Golovkin Next Fight Options: Canelo Alvarez, Miguel Cotto Or Julio Cesar Chavez Jr.
- NFL MNF: Pittsburgh Steelers 30, Houston Texans 23 [PHOTOS]
- 2014 MLB World Series Game 1: San Francisco Giants 7, Kansas City Royals 1 [PHOTOS]
- 2014 MLB World Series - Game 2: Kansas City Royals 7, San Francisco Giants 2 [PHOTOS]
Join the Conversation
- No Mercy: ISIS, Father Stones to Death Daughter for Alleged Adultery
- Boy Stoned To Death For Alleged Rape, Victim Receives Dowry From Militants
- iOS 8 Jailbreak Release Date is Doomed as Team Evad3rs Opts Out, Pangu Hits Snag – Report
- Google Nexus 6 vs. iPhone 5S: 4 Important Things to Consider Before Switching to Android Lollipop
- Swedish Military Spots ‘Russian Submarine’ Off Stockholm Coast, An Alarming ‘Security Game Changer’
- Russia is Creating Underwater Combat Robots to Protect its Arctic Territories
- Canada Raises National Terror Alert Level after Suspected Jihadist Runs Over Soldier