Net Worth- $17Billion March 2013
- Executive Chairman, Hancock Prospecting
- Age: 59
- Source of Wealth: mining
- Country of Citizenship: Australia
- Marital Status: Widowed
- Children: 4
Australian mining magnate Gina Rinehart is still the richest woman in the Asia-Pacific region, even though falling iron ore prices have shaved $1 billion off her net worth. That was the least of her troubles in 2012. She lost a legal battle with fellow billionaire Stanley Perron that resulted in her having to forfeit a slice of her royalties in Hamersley Iron, a subsidiary of Rio Tinto that is the original basis of her wealth. She inherited her mining assets from her father, Lang Hancock. But she has feuded with three of her own four children. She cut them out of the family trust, saying they weren’t fit to manage the fortune. Her youngest daughter, Gina, sides with Rinehart. Her second husband died in 1990. She is also facing a suit that threatens to wrest away control of a 23.5% stake in another one of her companies, Hancock Prospecting. Over the last year, she adopted a higher public profile and published a book of her favorite speeches and articles. She has lobbied against mining and carbon taxes and pushed to relax Australia’s immigration policies. She recently bought two condos on Singapore’s Sentosa Island for a total of $45 million.