Mining tycoon Gina Rinehart has out-rated some top names in the business world to take out the 16th spot in Forbes magazine’s annual most powerful women’s list.
With a fortune of $17 billion, the iron ore mogul was rated as Australia’s most powerful woman on the list, coming in at 16th in the world.
Prime Minister Julia Gillard ranked 28th while Westpac chief executive officer Gail Kelly was 62nd.
The annual list includes women who are influential in global politics, business, media, entertainment, technology and non-profits – ranking them by "money, media presence and impact," according to the business magazine.
Head of Hancock Prospecting, a company she inherited from her father, Rinehart is best known for her no-nonsense business acumen and her sometimes controversial comments around the mining industry.
With a stake in Queensland’s $10 billion dollar Alpha coal project and $7 billion Roy Hill iron ore mine in Western Australia, Rinehart’s continuing success is a tribute to her strong leadership.
As part of International Women’s Day, Australian Mining recently put together a list of Australia’s top influential women in mining, where Rinehart also took out the top spot.
Other powerful Australian women working in the resources sector in our list included Julie Shuttleworth – general manager of Barrick’s Granny Smith Gold Mine, Vanessa Guthrie – managing director of Toro Energy and Dr Nikki Williams- CEO of the Australian Coal Association.