Tags: Rinehart | rich | work | millionaire

World’s Richest Woman Advises Needy: ‘Drink Less, Work More’

By Michelle Smith   |   Friday, 31 Aug 2012 11:15 AM

Australian mining heiress Gina Rinehart, who is worth about $30 billion and reportedly is the world’s richest woman, has a bit of advice for those who say they don't have enough money: stop attacking the rich and go to work.

“There is no monopoly on becoming a millionaire,” Rinehart wrote in her column in the Australian Resources and Investment magazine.

“If you're jealous of those with more money, don't sit there and complain. Do something to make more money yourself — spend less time drinking or smoking and socializing and more time working,” she wrote.

Editor's Note: Google Banned This Video But You Can Watch it Here

Such statements might lead one to believe that Rinehart built her wealth herself, an assumption that is largely correct. However, she was given quite a boost, in the form of a multi-million dollar inheritance from her father.

According to The Telegraph, she later capitalized on surging commodity prices and growing demand from China and India to build an iron ore empire.

According to BRW’s 2012 Rich 200 List, Rinehart’s net worth is now $29.7 billion. That tops Wal-Mart heiress Christy Walton’s $26 billion.

Though Rinehart advocates work, she is not a supporter of Australia's wage or tax policies, which she believes are contributing to the country's decline. She believes the minimum wage should be cut along with taxes.

Rinehart warns that when governments target the rich, they really hurt the middle and lower classes. “If you want to help the poor and our next generation, make investment, reinvestment and businesses welcome,” she wrote.

Australian Health Minister Tanya Plibersek has a suggestion for Rinehart: “I think she should try living on minimum wage,” International Business Times reported.

Editor's Note: Google Banned This Video But You Can Watch it Here

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