Mining magnate Gina Rinehart is one of Australia’s richest figures – and this year she’s landed on Forbes list of most powerful women.
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She’s actually the ONLY Australian to make it on the magazine’s list.
The list ranks people around the world every year on their wealth and influence on public policy – and Rinehart was came in at number 51.
The daughter of Lang Hancock has also been thrown in the spotlight for well publicised battle with her children – John, Ginia, Hope and Bianca – over the family’s fortune.
The 62-year-old is valued at US $9.9 billion ($13.4 billion), to which Forbes said she “took her late father’s bankrupted estate and rebuilt it into something much larger”.
Last year Rinehart ranked at number 37 last year and 66 in 2014.
Forbes says the bulk of her fortune comes from a joint venture mine with Rio Tinto, called Hope Downs, and Roy Hill, an iron-ore mine in WA.
BRW made an estimate that due to falling iron ore prices, her fortune halved to $6.06 billion this year.
“She also owns a stake in Ten television network and is now the largest owner of prime wagyu cattle in Australia,” the magazine writes.
Coming at the top spot for the sixth year in a row is German Chancellor Angela Merkel, and US presidential candidate Hillary Clinton at number 2.
German chancellor Angela Merkel tops the list
Presidential candidate Hillary Clinton is second on the list
Queen Elizabeth is the highest-ranked British figure at number 29.
Number 29 is the Queen
This year, Forbes wanted to focus on women breaking into political roles and therefore cut famous celebs like Taylor Swift, Beyoncé and Angelina Jolie.
VIDEO: Gina wins court battle over coal mine
