Kevin Rudd and Wayne Swan have slipped the position once held by Andrew Forrest as Australia's wealthiest man. It was a couple of months before, when Forbes magazine had rated the latter on top of the list, but now he has been shifted to Number 4.

In Fortescue Metals, he carries a Forrest's wealth worth 31%, which is now, in response to a super profits tax imposed on the mining sector by the Government, has ravaged and has wreaked havoc on.

Manufacturing iron ore from the Pilbara came into reality only in the last two years, whereas, it was once a mere dream of Forrest's. Now, it is positioned as Australia's 20 leading Companies on the Australian Stock Exchange and yields a lot of profit.

Despite the same, the vision to escalate the mining commerce to double size, as compared to its current spread, still appears to be uncertain. It has been calculated that Fortescue's $17 billion of impending venture cannot move to the front under this new mining tax, and thus, the finances to develop two huge prospective mines of the Company cannot be raised.

Forrest is adamant to oppose the Government and its tax, as the Company's future is at stake. The selling of the Company will be the only option left, if it loses its fight against the Government.