How the mighty have fallen!
According to a recent survey, billions of dollars have been wiped off the bank accounts of Australia’s richest individuals – especially those who profit from the mining industry.
Nonetheless, they’re far from being completely down, Down-Under. Gina Rinehart clings on as Australia’s richest woman (and the richest woman in global mining), despite her personal wealth reducing by around A$1.6 billion over the past six months.
Glencore’s Ivan Glasenberg still has an A$6.6 billion share of the London-listed giant commodities trader/mining company, although it’s fallen in value by over 25% since May.
(Also mentions BHP Billiton, Rio Tinto and Xstrata.)