Business
Gina Rinehart rockets back to top of AFR rich list as pandemic proves kind to ‘ore-ligarchs’ – The Guardian
Andrew Forrest also sees rapid rise in wealth due to iron ore price boom, but travel moguls take a hit
Australias rich have gotten richer during the coronavirus pandemic, as rising iron ore prices bolstered Gina Rineharts wealth and thrust her back to the top of the Australian Financial Reviews annual rich list.
The total wealth of the 200 richest people in Australia increased 24% over the past year, to $424bn, even as the country was plunged into recession and unemployment soared due to the pandemic.
And iron ore prices that rose from about US$80 a tonne late last year to a peak of more than US$125…
-
Noosa News16 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland
-
Noosa News19 hours ago’Lethal new opioids’ prompt Wide Bay pill testing call
-
General15 hours agoInternal Revenue Service starts cutting 20,000 workers
-
Noosa News15 hours agoMan killed, woman seriously injured in collision in Wongabel, Atherton Tablelands, Queensland