Gina towers above next richest Australian, but 22 make Forbes billionaires list

Published 05 March 2013 11:41, Updated 05 March 2013 11:43

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Gina towers above next richest Australian, but 22 make  Forbes billionaires list

Gina Rinehart came in at number 36 on the 2013 Forbes billionaires list, with a net worth of $US17 billion. Photo: Bloomberg

Gina Rinehart is the richest Australian on the latest Forbes billionaires list.

Rinehart came in at number 36 with a net worth of $US17 billion.

Twenty-two Australians made the 1426 strong list of the world’s rich, including mining magnate Andrew Forrest ($US5.7 billion), Westfield Group co-founder Frank Lowy ($US5.3 billion) and Glencore International’s Ivan Glasenberg ($US6.7 billion).

Topping the list, which was published on March 4, was Mexican telecommunications tycoon Carlos Slim Helu, with $US73 billion. It is Slim’s fourth consecutive year as the world’s richest man.

Other familiar names in the top five were Bill Gates ($US67 billion), Warren Buffet ($US53.5 billion) and Oracle CEO Larry Ellison ($US43 billion).

Amancio Ortega of Spanish retailer Zara was up $US19.5 billion from last year, lifting him from seventh place to third, with $US57 billion.

At just 28-years-old, Harvard dropout Dustin Moskovitz is the world’s youngest billionaire. Worth $3.8 billion, Mark Zuckerberg’s former roommate was Facebook’s third employee, and reportedly still rides a pushbike to work at software company Asana, where he is the chief executive.

Zuckerberg, just eight days older than Moskovitz, comes in at 66th on the list, with $US13.3 billion. Zuckerberg and Moskovitz are two of 23 billionaires under 40 years of age on the Forbes list.

Fashion and retailing were responsible for putting a number of newcomers on the list, with US designer Tory Burch breaking $US1 billion for the first time, along with Diesel Jean’s Renzo Rosso ($US3 billion) and retailer Bruce Nordstrom ($US1.2 billion).

The biggest fall in wealth was experienced by Brazilian mining magnate Eike Batista, whose wealth dropped from $US21 billion to $US10.6 billion. This equates to an average loss of about $50 million a day.

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