Dollars

May 2012



clixGalore Merchant Referral Program

WHO IS THE RICHEST WOMAN IN THE WORLD-GINA RINEHART

Gina Rinehart made history today when she was officially tagged as the richest woman in the world by BRW after hooking two deals in iron ore and coal.

These deals, which almost tripled her wealth in the last year to $29.17 billion, according to BRW Rich 200 list, takes her a step closer to fulfilling a lifelong family dream to have the family company Hancock Prospecting build and operate an iron ore facility in the Pilbara.

The $18.87 billion increase in her wealth is equivalent to earning the average annual wage in under three minutes, or almost $600 a second.

Mind boggling ... Gina Rinehart's golden year in numbers. [These figures have been rounded up].
Mind boggling … Gina Rinehart’s golden year in numbers.
[These figures have been rounded up].
     SHOP HERE & get what you want for next to nothing.


Another dream is to win two seats on the Fairfax Media board after becoming the largest single shareholder earlier this year. That dream was dealt a blow today when the Fairfax board announced a board creshuffle which didn’t include Gina Rinehart.

The news of her estimated wealth will not go unnoticed by her three estranged children John, Bianca and Hope, who have taken legal action to remove her as trustee of the family trust. Based on the BRW valuation, the children’s shares in Hancock Prospecting are now worth over $9 billion. However, they cannot sell or leverage against them due to a clause in the company constitution that says they can only be onsold to lineal descendants of their late grandfather Lang Hancock.

It also comes a day after settling a dispute with WA billionaire Stan Perron over the size of royalty payments he has been receiving from Hancock Prospecting and Wright Prospecting dating right back to 1992. The settlement came days before a trial of the case was due to commence in Western Australia’s Supreme Court. In a statement, Perron Group said the parties had agreed that Perron “is and has always been” entitled to a 15 per cent interest in the benefits and entitlements” because of that backing.

Gina Rinehart … the world’s richest woman according to BRW. Photo: Bloomberg
Natures Brands Natural Health & Beauty Products
The mining boom has turned BRW’s Rich List into a tailspin as traditional operators such as Westfield supremo Frank Lowy, the cardboard boxmaking Pratt family, retailer Solomon Lew, James Packer and Gerry Harvey have been usurped by mining entrepreneurs such as Andrew Forrest and Rinehart. It has also had major ramifications on the Australian economy, creating deep structural changes.

According to BRW, if the resources boom continues, Rinehart’s wealth could increase to a whoping $100 billion, which would make her the richest person in the world – a situation that is unprecedented for any Australian individual.

BRW Rich List editor Andrew Heathcote said: “The $18.87 billion increase in her wealth is unprecedented. It is the result of foreign investment in new projects, increased production and a recovery & upswing in the iron ore price over the past six months.”

The BRW valuation is far higher than the valuation of Forbes, which estimated her wealth at $US18 billion in February. Part of the discrepancy between the two estimates is due to a further increase in iron ore prices over the past several months. But in the main it demonstrates that valuations of private companies are extremely subjective and based on a number of assumptions including debt.



Rinehart’s $29.17 billion fortune catapults her to being the richest woman in the world, deposing Christy Walton ($26 billion) of the title, who is the widow of John Walton and has a major stake in US-retail giant Wal-Mart. Her wealth makes her the eighth richest person in the world, but still behind Mexican telco tycoon Carlos Slim, Bill Gates and Warren Buffett.

Rinehart debuted on the Rich List in 1992 at $75 million after inheriting Hancock Prospecting from her father Lang Hancock after he died. In 2010 BRW estimated Gina’s wealth at $4.5 billion. By 2011 it was $10.3 billion.

When she pulled off the Roy Hill deal with two South Korean companies and a Japanese company to sell 30 per cent of the iron ore tenement, providing her with $3.2 billion, it placed a price tag of $12.8 billion on a business that had previously been valued by BRW and Forbes at zero.

Tri Nature - Environmentally Responsible Household Products

Sourced & published by Henry Sapiecha


clixGalore Merchant Referral Program

WHO IS THE RICHEST WOMAN IN THE WORLD-GINA RINEHART

Gina Rinehart made history today when she was officially tagged as the richest woman in the world by BRW after hooking two deals in iron ore and coal.

These deals, which almost tripled her wealth in the last year to $29.17 billion, according to BRW Rich 200 list, takes her a step closer to fulfilling a lifelong family dream to have the family company Hancock Prospecting build and operate an iron ore facility in the Pilbara.

The $18.87 billion increase in her wealth is equivalent to earning the average annual wage in under three minutes, or almost $600 a second.

Mind boggling ... Gina Rinehart's golden year in numbers. [These figures have been rounded up].
Mind boggling … Gina Rinehart’s golden year in numbers.
[These figures have been rounded up].
     SHOP HERE & get what you want for next to nothing.


Another dream is to win two seats on the Fairfax Media board after becoming the largest single shareholder earlier this year. That dream was dealt a blow today when the Fairfax board announced a board creshuffle which didn’t include Gina Rinehart.

The news of her estimated wealth will not go unnoticed by her three estranged children John, Bianca and Hope, who have taken legal action to remove her as trustee of the family trust. Based on the BRW valuation, the children’s shares in Hancock Prospecting are now worth over $9 billion. However, they cannot sell or leverage against them due to a clause in the company constitution that says they can only be onsold to lineal descendants of their late grandfather Lang Hancock.

It also comes a day after settling a dispute with WA billionaire Stan Perron over the size of royalty payments he has been receiving from Hancock Prospecting and Wright Prospecting dating right back to 1992. The settlement came days before a trial of the case was due to commence in Western Australia’s Supreme Court. In a statement, Perron Group said the parties had agreed that Perron “is and has always been” entitled to a 15 per cent interest in the benefits and entitlements” because of that backing.

Gina Rinehart … the world’s richest woman according to BRW. Photo: Bloomberg
Natures Brands Natural Health & Beauty Products
The mining boom has turned BRW’s Rich List into a tailspin as traditional operators such as Westfield supremo Frank Lowy, the cardboard boxmaking Pratt family, retailer Solomon Lew, James Packer and Gerry Harvey have been usurped by mining entrepreneurs such as Andrew Forrest and Rinehart. It has also had major ramifications on the Australian economy, creating deep structural changes.

According to BRW, if the resources boom continues, Rinehart’s wealth could increase to a whoping $100 billion, which would make her the richest person in the world – a situation that is unprecedented for any Australian individual.

BRW Rich List editor Andrew Heathcote said: “The $18.87 billion increase in her wealth is unprecedented. It is the result of foreign investment in new projects, increased production and a recovery & upswing in the iron ore price over the past six months.”

The BRW valuation is far higher than the valuation of Forbes, which estimated her wealth at $US18 billion in February. Part of the discrepancy between the two estimates is due to a further increase in iron ore prices over the past several months. But in the main it demonstrates that valuations of private companies are extremely subjective and based on a number of assumptions including debt.



Rinehart’s $29.17 billion fortune catapults her to being the richest woman in the world, deposing Christy Walton ($26 billion) of the title, who is the widow of John Walton and has a major stake in US-retail giant Wal-Mart. Her wealth makes her the eighth richest person in the world, but still behind Mexican telco tycoon Carlos Slim, Bill Gates and Warren Buffett.

Rinehart debuted on the Rich List in 1992 at $75 million after inheriting Hancock Prospecting from her father Lang Hancock after he died. In 2010 BRW estimated Gina’s wealth at $4.5 billion. By 2011 it was $10.3 billion.

When she pulled off the Roy Hill deal with two South Korean companies and a Japanese company to sell 30 per cent of the iron ore tenement, providing her with $3.2 billion, it placed a price tag of $12.8 billion on a business that had previously been valued by BRW and Forbes at zero.

Tri Nature - Environmentally Responsible Household Products

Sourced & published by Henry Sapiecha


The China Inventory

China to Become the World’s Largest Importer

by 2014

We have heard a lot about China becoming the world’s largest this and that. In 2009, when the world was in recession, China leapfrogged the U.S. to become the world’s largest auto market. In 2010, China overtook Germany as the world’s largest exporter. This year, China is likely to surpass Japan to become the world’s largest luxury goods market.

So, it shouldn’t be a surprise when The Economist predicts that China will become the world’s largest importer by 2014. Yet, many skeptics still doubt China’s potential to be a stronghold of the world economy.

Eforchina.com

Last month, I was on BBC World News to discuss the eurozone debt crisis and whether Chinese consumers can make a difference in the world economy.  My discussion partner Johathon Holslag from the Brussels Institute of Contemporary China Studies argued that Chinese consumption is still far below its production, and people should not be over optimistic about China rescuing the world economy. See the discussion video below:

Yes, official statistics show that consumption is only 34 percent of China’s GDP (compared to 70 percent in the U.S.). While the West’s economy is imbalanced with over-spending, the Chinese economy is imbalanced with under-consumption. However, this dynamic is changing. When I travel in China, I can clearly see the consumption boom in China’s large and small cities. Retail has been growing like a wildfire in recent years.

While it is not China’s role to save the world economy, it is in China’s best interest to balance its own economy toward domestic consumption. In so doing, China serves as a counter-balance of over-spending Western economies.  China may not want to bail out Italy or Greece, but China can provide opportunities for these troubled economies to get their own house in order. continue »

Eforchina.com


Sourced & published by Henry Sapiecha


Learn English Online

CHINESE MIDDLE CLASSES A FORCE TO BE TAKEN SERIOUSLY

We have heard a lot about China becoming the world’s largest this and that. In 2009, when the world was in recession, China leapfrogged the U.S. to become the world’s largest auto market. In 2010, China overtook Germany as the world’s largest exporter. This year, China is likely to surpass Japan to become the world’s largest luxury goods market.
The China Inventory

So, it shouldn’t be a surprise when The Economist predicts that China will become the world’s largest importer by 2014. Yet, many skeptics still doubt China’s potential to be a stronghold of the world economy.

Last month, I was on BBC World News to discuss the eurozone debt crisis and whether Chinese consumers can make a difference in the world economy.  My discussion partner Johathon Holslag from the Brussels Institute of Contemporary China Studies argued that Chinese consumption is still far below its production, and people should not be over optimistic about China rescuing the world economy. See the discussion video below:

Yes, official statistics show that consumption is only 34 percent of China’s GDP (compared to 70 percent in the U.S.). While the West’s economy is imbalanced with over-spending, the Chinese economy is imbalanced with under-consumption. However, this dynamic is changing. When I travel in China, I can clearly see the consumption boom in China’s large and small cities. Retail has been growing like a wildfire in recent years.

While it is not China’s role to save the world economy, it is in China’s best interest to balance its own economy toward domestic consumption. In so doing, China serves as a counter-balance of over-spending Western economies.  China may not want to bail out Italy or Greece, but China can provide opportunities for these troubled economies to get their own house in order.
The China Inventory

As matter of fact, China has already helped. The Chinese middle class is creating enormous opportunities for Western companies selling into China. Europe’s exports to China have been growing steadily. In the first half of 2010, Germany’s exports to China increased 55 percent. Exports from other EU countries such as France and Italy all had double-digit increase for the same period.

Many Western brands are doing extremely well in China. For example, Chinese consumers prefer to pay a premium price for furniture that is made in Italy. The UK-listed retailer Burberry has opened 60 stores in China and plans to have 100 stores in the near future. Western automakers, from Volkswagen to Bentley to General Motors, are enjoying huge success in China.
Eforchina.com

In the coming years, China’s economy may slow down a little, but will still grow at least at 7 or 8 percent. There are plenty of opportunities for Western companies to take advantage of China’s growing middle class. For companies that want to export to China, here are a few useful tips:

  • Check out your local Chamber of Commerce or Export Assistance Center and familiarize yourselves with legal and regulatory issues in China. These facilities also have a lot of resources and services that can help you develop China market entry strategies and find the right business partners.
  • Consider rebranding or repositioning your products in China. Remember, what works in your native country may not work in China. You really need to learn about Chinese culture, understand Chinese consumers, and adapt your products and services to the China market.
  • For smaller brands, e-commerce is a great way to break into the China market without significant upfront cost. China’s ecommerce has been growing at 60 percent each year in recent years. More than 100 million Chinese shopped online last year. And China’s Internet users are expected to reach 750 million in 2015.

Eforchina.com

According to Credit Suisse, China will become the largest consumer market in the world by 2020. In the past, all the predictions about China have proved to be on the conservative side. With all its problems and potential crises, China somehow has managed to astonish the world again and again.

Helen H. Wang is the author of The Chinese Dream: The Rise of the World’s Largest Middle Class and What It Means to You.

Eforchina.com


**Get a number in your home country that connects to your mobile in China. Try Now!

Sourced & published by Henry Sapiecha


CashUnclaimed

How quickly can a mining magnate

make your salary?

Cecilia Jamasmie | May 3, 2012

Billionaire_collage copy An Australian site has developed an online wealth calculator that allows you to see how a mining magnate can make the equivalent to your annual salary in a matter of minutes.

Sir Richard Branson attended the event as the Antwerp diamond academy as Guest of Honour event

Antwerp diamond companies participated in their very first ‘Antwerp Diamond Academy’ on May 6, 2012, in Stadsschouwburg, Antwerp. The focus of this Academy was ‘Innovation’. Sir Richard Branson attended the event as its Guest of Honour and unfolded much of his experience and guidance to the participants during an interactive panel discussion. His talk delivered some key business approaches including:

– Luck and one’s gut feeling account for 50-50 percent in success , business acumen comes automatically . So follow your gut feeling.

– Delegate responsibilities to others in the organization and free yourself to do something else.

-Give a bigger than expected promotion to the staff which will influence the staff to perform better.

-Manpower is the key, keep good people with you and give them what they deserve.

-Your staff spends most of their life in office so the office environment should be very encouraging and pleasant. Sir Branson also stated that he loved to ‘do things which change people’s life and that’s how it converts in a successful business model’.

The event was segmented into various workshops in different halls including – social media , IT solutions , optimizing time , e-business etc.

All the fee towards Sir Branson from this event will be forwarded to Virgin Unite, a charitable arm of the Virgin Group. During the event, Sir Branson also launched the electronic trading platform – Diamdex.

Varda Shine, CEO of Diamond Trading Company (DTC) was also present at the event.

The AWDC noted that the ‘Antwerp Diamond Academy’ will be organized on a regular basis to provide Antwerp diamond companies with practical information to help boost their business.

Sourced & published by Henry Sapiecha

Sir Richard Branson attended the event as the Antwerp diamond academy as Guest of Honour event

Antwerp diamond companies participated in their very first ‘Antwerp Diamond Academy’ on May 6, 2012, in Stadsschouwburg, Antwerp. The focus of this Academy was ‘Innovation’. Sir Richard Branson attended the event as its Guest of Honour and unfolded much of his experience and guidance to the participants during an interactive panel discussion. His talk delivered some key business approaches including:

– Luck and one’s gut feeling account for 50-50 percent in success , business acumen comes automatically . So follow your gut feeling.

– Delegate responsibilities to others in the organization and free yourself to do something else.

-Give a bigger than expected promotion to the staff which will influence the staff to perform better.

-Manpower is the key, keep good people with you and give them what they deserve.

-Your staff spends most of their life in office so the office environment should be very encouraging and pleasant. Sir Branson also stated that he loved to ‘do things which change people’s life and that’s how it converts in a successful business model’.

The event was segmented into various workshops in different halls including – social media , IT solutions , optimizing time , e-business etc.

All the fee towards Sir Branson from this event will be forwarded to Virgin Unite, a charitable arm of the Virgin Group. During the event, Sir Branson also launched the electronic trading platform – Diamdex.

Varda Shine, CEO of Diamond Trading Company (DTC) was also present at the event.

The AWDC noted that the ‘Antwerp Diamond Academy’ will be organized on a regular basis to provide Antwerp diamond companies with practical information to help boost their business.

Sourced & published by Henry Sapiecha

 Pink Diamond fancy Engagement Rings & high end bling jewellery

Whatever the reason, there is no denying that pink diamond engagement rings are quite spectacular, and not only that, so is their price!

Pink diamond rings are so much more expensive than the equivalent white diamond in the same ring, so you better have a pretty extreme budget if you plan on buying one.

pink diamond engagement rings

Check out this vivid fancy teardrop pear pink diamond (above) that sold at Sotheby’s back in 2006 for $6.2 million. Now that’s a ring!!!

Pink diamond engagement rings, or more specifically pink diamonds, are the most popular color of all the fancy diamonds.

Maybe it has to do with the fact that pink is a variation of red and represents love or that natural red diamonds are the rarest and most expensive of all.

Or perhaps it’s because the color pink is traditionally thought of as the most feminine color. It might also have to do with the 6.1 carat pink diamond Jennifer Lopez received as an engagement ring from Ben Affleck, or the $1.8 million pink diamond ring that David Beckham bought his wife as an attempt to make up for his public indiscretion.

They aren’t exactly sure what gives the pink diamond its color but they suspect it has to do with pressure down below the earth’s surface. Whatever the cause, a pink diamond ring is absolutely amazing and something most of us can only dream about owning.

Most of the world’s pink diamonds come from the Argyle mine in Australia and each has a laser inscription that identifies its authenticity and origin and have sold for up to a magic million a carat. These diamonds are so rare that they expect the supply of the mine to run out within the next decade or so.

According to this article in The Australian “Supply is expected to dry up by 2019, making them up to 50 times more valuable than an equivalent white diamond.”

While a few hundred years ago pink diamonds were found in India, Brazil and Tanzania, today Australia produces about 95 percent of the world’s supply. So time is running out for those of you who will settle for nothing less than “natural” pink diamond engagement rings.

The GIA’s (Gemological Institute of America) classifications for the most common pink diamond color groups range from purplish-pink, pink, to orange-pink. Natural fancy diamonds should always come with a GIA standard diamond grading report and a special  GIA Colored Diamond Identification and Origin Report, which is basically a color report and identifies the nature of the color and pink color grade.

Color Enhanced Pink Diamonds:

pink diamond ring

Like all the other fancy colored diamonds, gemologists have been able to replicate the pink color (at least to some extent) in a laboratory using genuine white diamonds, irradiation, and heat pressure. These are real diamonds that have been enhanced by man and are pink to the eye. They are not a natural pink diamond and therefore much more affordable.

Synthetic Pink Diamonds (Lab Created, Man-Made Diamonds)

Synthetic here refers to the process rather than the stone because the final product contains the characteristic diamond crystal composition from actual carbon atoms—in other words, it’s a real diamond.

The diamonds are grown in a lab under conditions which simulate the processes of nature that form a diamond. So you end up with a stone that has all the properties of a real diamond without taking hundreds of years to form. They can be made to resemble all the most popular fancy colors including the much coveted pink.

Pink diamond engagement rings are rare and expensive because a genuine natural pink diamond is one of the rarest things found on earth. If your budget won’t allow for the real thing, consider the gemologist enhanced variety or one of the other precious beautiful gemstones that will give you the look you want at just a fraction of the cost.

Sourced & published by Henry Sapiecha

 Pink Diamond fancy Engagement Rings & high end bling jewellery

Whatever the reason, there is no denying that pink diamond engagement rings are quite spectacular, and not only that, so is their price!

Pink diamond rings are so much more expensive than the equivalent white diamond in the same ring, so you better have a pretty extreme budget if you plan on buying one.

pink diamond engagement rings

Check out this vivid fancy teardrop pear pink diamond (above) that sold at Sotheby’s back in 2006 for $6.2 million. Now that’s a ring!!!

Pink diamond engagement rings, or more specifically pink diamonds, are the most popular color of all the fancy diamonds.

Maybe it has to do with the fact that pink is a variation of red and represents love or that natural red diamonds are the rarest and most expensive of all.

Or perhaps it’s because the color pink is traditionally thought of as the most feminine color. It might also have to do with the 6.1 carat pink diamond Jennifer Lopez received as an engagement ring from Ben Affleck, or the $1.8 million pink diamond ring that David Beckham bought his wife as an attempt to make up for his public indiscretion.

They aren’t exactly sure what gives the pink diamond its color but they suspect it has to do with pressure down below the earth’s surface. Whatever the cause, a pink diamond ring is absolutely amazing and something most of us can only dream about owning.

Most of the world’s pink diamonds come from the Argyle mine in Australia and each has a laser inscription that identifies its authenticity and origin and have sold for up to a magic million a carat. These diamonds are so rare that they expect the supply of the mine to run out within the next decade or so.

According to this article in The Australian “Supply is expected to dry up by 2019, making them up to 50 times more valuable than an equivalent white diamond.”

While a few hundred years ago pink diamonds were found in India, Brazil and Tanzania, today Australia produces about 95 percent of the world’s supply. So time is running out for those of you who will settle for nothing less than “natural” pink diamond engagement rings.

The GIA’s (Gemological Institute of America) classifications for the most common pink diamond color groups range from purplish-pink, pink, to orange-pink. Natural fancy diamonds should always come with a GIA standard diamond grading report and a special  GIA Colored Diamond Identification and Origin Report, which is basically a color report and identifies the nature of the color and pink color grade.

Color Enhanced Pink Diamonds:

pink diamond ring

Like all the other fancy colored diamonds, gemologists have been able to replicate the pink color (at least to some extent) in a laboratory using genuine white diamonds, irradiation, and heat pressure. These are real diamonds that have been enhanced by man and are pink to the eye. They are not a natural pink diamond and therefore much more affordable.

Synthetic Pink Diamonds (Lab Created, Man-Made Diamonds)

Synthetic here refers to the process rather than the stone because the final product contains the characteristic diamond crystal composition from actual carbon atoms—in other words, it’s a real diamond.

The diamonds are grown in a lab under conditions which simulate the processes of nature that form a diamond. So you end up with a stone that has all the properties of a real diamond without taking hundreds of years to form. They can be made to resemble all the most popular fancy colors including the much coveted pink.

Pink diamond engagement rings are rare and expensive because a genuine natural pink diamond is one of the rarest things found on earth. If your budget won’t allow for the real thing, consider the gemologist enhanced variety or one of the other precious beautiful gemstones that will give you the look you want at just a fraction of the cost.

Sourced & published by Henry Sapiecha

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