Australia's richest person has doubled her wealth from an estimated $10.3 billion to nearly $20 billion in just one week.
Mining mogul Gina Rinehart, who inherited Hancock Prospecting from her father, WA iron ore magnate Lang Hancock, agreed to sell 15 percent of the Pilbara-based Roy Hill project to South Korean steel giant Posco last week, the Sydney Morning Herald reports.
The project is scheduled to begin shipping iron ore within two years, The Australian reports.
The windfall pushes Ms Rinehart closer to overtaking American Wal-Mart heiress Christy Walton as the world's richest woman. Ms Walton, along with her family, is worth $US24.5 billion.>>>
Click here to read the full story : Nine MSN
