However, during 2015, the price Rio was receiving for iron ore averaged around US$70 an tonne, almost double the current price (and remember the effect of higher commodity prices on mining company profits). Even worse, the wealth mirage can lead to a misallocation of resources and eventually wealth destruction if investment decisions are made based on false pricing. Of course, it’s possible that the iron ore price will recover some of its losses, and, as a result, there is some option value. Gina Rinehart has enough net worth to purchase:1. } else { } else { diff = (start2 - today); Gina Rinehart has consolidated her position as Australia's wealthiest person ... ranked billionaire at number 153 with a net worth of $11 billion. In 2005, when the iron ore price was a little lower than it is now, Rinehart’s royalty was believed to be worth around $20 million a year. } //show_zero = true; – Learn who is the richest entrepreneur in the world. } When wealth is tied up in private businesses it’s even harder (plus assessing the value of current holdings doesn’t account for dividends paid along the way, nor asset sales that are held in cash or luxury assets). var loop_time = 1 * ''; 4. } else { The magnate's value has risen this year as Fortescue share prices surged. } Given the massive drop in the price of the only real product Rinehart sells, how rich is she really? var delimiter = ' '; She trailed other billionaires like Carlos Slim in the amount of fortune under her control. var loop_range = ''; text += '