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Friday, August 31, 2012

Australians Outraged by Billionaire’s Rant at the Working Poor

Jakarta Globe, August 31, 2012

This 2011 file photo shows Gina Rinehart, Chair of Hancock
Prospecting, speaking during a business session in Perth,
Australia. (EPA Photo/TONY MCDONOUGH) 
   
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Sydney. Australia’s Labor government on Friday condemned the world’s richest woman for claiming her fellow Australians were “lazy workers who drink and socialize too much.” Mining billionaire Gina Rinehart caused an uproar this week when she wrote in an industry magazine that anyone could make millions if they simply worked harder and spent less time drinking with friends.

Deputy Prime Minister Wayne Swan said Rinehart had insulted Australian workers by telling them to “get out of the pub and go and make billions.” Former prime minister Kevin Rudd said Rinehart was “just plain wrong” and that her call for a cut in the minimum wage would not reduce unemployment because “life is more complex than that.” Health Minister Tanya Plibersek said Rinehart should try living on the minimum wage before suggesting it should be cut.

Rinehart, 58, is the richest Australian with an estimated personal fortune of 29 billion Australian dollars ($28 billion).

When she took over the family firm in 1992, it had a handful of mining leases but not much else. Through astute joint ventures, Hancock Prospecting Pty Ltd was valued last year at more than 10 billion Australian dollars.

Her other wealth is tied up in other leases for mining iron ore and coal, Australia’s top two exports.

Deutsche Presse-Agentur

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