Billionaire Gina Rinehart
MELBOURNE: Australian mining magnate Gina Rinehart’s (pic) fortune swelled US$2.1bil after her closely held company reported improved financial results on the back of higher iron ore sales.
Hancock Prospecting Pty’s revenue rose 39% for the year to June 30. Earnings also improved at the Perth-based group with a 90% increase in net profit to A$2.6bil (US$1.8bil). The results lifted Rinehart’s wealth to US$17.9bil on the Bloomberg Billionaires Index, a US$3.7bil increase since the beginning of the year.
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