A list of Top 5 Magnates of the Mining Industry has been collated so as to aspire miners that this industry boosts a person’s wealth.

These personalities were listed on the Forbes’ list of richest people in the planet. Oh, yes! Several individuals included on the list were from the mining industry — a proof that it provides lucrative operations.

 

Alisher Usmanov

He is an Uzbek-born Russian mining magnate who has a net worth of $18.6 Million as per Forbes’ website data posted on March 2014. He is a major shareholder of Metalloinvest Management Company LLC, a metallurgy and mining company that specializes in manufacturing steel. He also owns several businesses such as Kommersant Publishing Houses, MegaFon and Mail.ru, thus, with all these investments, he was placed as the number 1 mining magnate of 2013.

 

Gina Rinehart

Indeed, the mining industry is not just for the men as Gina Rinehart hit the number 2 spot! This Australian magnate is also the richest women in Australia and was regarded as the 4th richest women in the whole world. Iron ore made Gina a huge mining tycoon. She owns about 70% of the $10 Billion Roy Hill mine in Western Australia.

 

Lakshmi Mittal

Lakshmi is an mining magnate from India. He is the CEO ArcelorMittal, the largest steel manufacturer in the world. However, because of the depreciation of steel, his finances also dwindled. In spite of the loss of several millions of dollars, Forbes’ estimated that he has personal wealth of US$16 billion in October 2013.

He was also included in Forbes’  “Most Powerful People” list for 2012 where he was placed in the 47th spot.

Vladimir Lisin

Mr. Lisin is a Russian mining tycoon. As per Forbes, he has an estimated $16.6 Billion net worth as per March 2014. He is currently the chairman and major stockholder of one of the largest steel companies in Russia, the Novolipetsk or NMLK.

 

Iris Fontbona

Iris is a widower of the late billionaire Andronico Luksic. As of Forbes’ website, she has as much as $15.5 Billion on their March 2014 figures and a huge percentage of it came from their mining ventures. At the age of 71, this Chilean mining tycoon still manages to handle Antofagasta, a copper mining group which interests on transport, energy and water distribution.