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BILLIONAIRES FEELING THE PINCH

Gina Rinehart had topped this year’s BRW Rich 200 list but fellow miner and former billionaire Nathan Tinkler has failed to qualify.

Rinehart retains her top spot despite her wealth falling $7.15-billion from last year.

Tinkler’s wealth has fallen below $235 million. He was 34th on the list last year, with an estimated net wealth of $915-million.His departure from the country’s 200 wealthiest people summarises a dramatic 12 months for Tinkler’s, with creditors threatening the young mining magnate with bankruptcy after failing to get all his bills repaid.

Coming in second is Westfield Group chairman Frank Lowy on $6.87-billion and third James Packer on $6-billion.

Total wealth of the Rich 200 is down $4.4 billion to $17.6 billion, but this is mainly due to a decrease in Rinehart’s fortune.

Didn’t make it into this year’s BRW Rich 200 list? Click here to find out where you sit in comparison to the rest of the world…

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